Unitree Robotics

Unitree Robotics, legally Hangzhou Yushu Technology Co., Ltd., was founded in May 2016 by Wang Xingxing in Hangzhou, China. The company rose to prominence by aggressively driving down the price of capable quadruped robots (Go1, Go2, B1, B2) and more recently launched affordable humanoids, including the H1/H1-2 and the G1 (introduced May 2024 at $16,000 USD). Unitree's product line also spans robotic arms, dexterous hands, 4D LiDAR, and motor/joint components sold into the broader robotics industry. Unitree disclosed revenue of CNY 1.699B (~$250M USD) in 2025 and net profit of CNY 278M ($41M), employing approximately 1,000 people. The company raised a Series C of roughly 700 million RMB in June 2025 at a $1.7B valuation, co-led by funds under China Mobile with Tencent, Alibaba, Ant Group, Jinqiu, and Geely Capital participating. Prior investors include Meituan (largest external shareholder at 9.65%), HongShan (formerly Sequoia China at 7.11%), and Matrix Partners China. On June 1, 2026, the Shanghai Stock Exchange STAR Market listing committee approved Unitree's IPO application — a record 73-day review from acceptance on March 20, 2026. The IPO targets raising approximately CNY 4.2B (US$620M) at an initial market cap of at least CNY 42B (~$6.2B). Unitree has not yet listed; the IPO date is pending.