Embodied AI Startup Light Elephant Technology Raises Several Hundred Million Yuan in Angel Funding

Embodied intelligence company Light Elephant Technology said it has completed angel-round financing totaling several hundred million yuan, with the latest round joined by Zhuhai Technology Industry Group, Xingzheng Capital, Songhe Capital, Shunxi Fund, Muhua Sci-Tech Innovation, SeeFund, Yichen Capital and listed firm Xingyun Technology, while existing investors 01VC and L2F Light Source Entrepreneurs Fund increased their stakes, according to 36Kr. The company said the proceeds will be used to iterate its "physics-native" foundation model and to commercialize embodied AI robots for industrial scenarios. Founded in April 2025 and incubated by Tsinghua University, the startup launched its industrial-grade embodied robot Phi-Bot X1 in June 2026. It said the robot has 27 degrees of freedom and supports fast battery swapping, and that it has completed production-line validation in automotive manufacturing, including running for 21.5 hours over three days at the 2026 ATC show to perform welding loading and unloading tasks. The company said it has reached commercial cooperation with multiple leading automakers in China and overseas.