Alibaba Invests in X Square Robot for Embodied AI and Humanoid Robotics Expansion

Alibaba Group has invested $100 million in X Square Robot, a Shenzhen-based humanoid startup, to expand its presence in the robotics market. The funding brings the startup's total to around $280 million. X Square Robot is generating revenue from sales to educational institutions, hospitality venues, and senior care facilities. The company aims to accelerate consumer adoption of humanoid robots, projecting a price drop to $10,000 within three to five years.

Alibaba Group has injected $100 million into X Square Robot, a Shenzhen-based humanoid startup, to accelerate its growth in the robotics sector. This investment brings the startup's total funding to approximately $280 million, with multiple financing rounds since its launch in December 2023 Alibaba's $100M Investment Fuels X Square Robot's Push For Embodied AI, Global Sales, And Next-Gen Humanoids^[1].

X Square Robot, led by Chief Operating Officer Yang Qian, is generating revenue from sales to educational institutions, hospitality venues, and senior care facilities. The company aims to expand its market reach and consumer adoption of humanoid robots. Yang Qian expects consumer prices to drop to around $10,000 within the next three to five years, making robots more accessible to the general public Alibaba's $100M Investment Fuels X Square Robot's Push For Embodied AI, Global Sales, And Next-Gen Humanoids^[1].

The latest funding round was led by Alibaba Group through Alibaba Cloud and joined by HongShan, formerly Sequoia Capital China, Meituan, Legend Star, Legend Capital, and INCE Capital. The investment will support the development and deployment of advanced humanoid robots, including the Quanta X2, which features 360-degree cleaning capabilities and advanced hands Alibaba's $100M Investment Fuels X Square Robot's Push For Embodied AI, Global Sales, And Next-Gen Humanoids^[1].

X Square Robot's primary goal is to push the boundaries of embodied AI, focusing on vision-language-action alignment for manipulation tasks in real-world settings. The company's WALL-OSS project, an end-to-end embodied foundation model, aims to integrate AI capabilities into physical systems like robots Alibaba's $100M Investment Fuels X Square Robot's Push For Embodied AI, Global Sales, And Next-Gen Humanoids^[1].

Elon Musk's Tesla is also making significant strides in the humanoid robotics market. Tesla's Optimus robot, introduced in 2021, has seen multiple iterations, with Musk predicting that it could contribute around 80% of Tesla's future value The story of Optimus, the humanoid robot at the heart of Elon Musk's growth plans for Tesla^[2]. Musk has ambitious plans to scale up Optimus robots, aiming to deploy thousands of units in Tesla factories by the end of 2025 and potentially reaching one million units per year by 2030 The story of Optimus, the humanoid robot at the heart of Elon Musk's growth plans for Tesla^[2].

The investment from Alibaba Group in X Square Robot signals confidence in the growing market for humanoid robots. As AI continues to advance, the integration of generative artificial intelligence into robotics promises to revolutionize human-machine interactions Alibaba's $100M Investment Fuels X Square Robot's Push For Embodied AI, Global Sales, And Next-Gen Humanoids^[1].