TechFlow news, May 24 — According to Bloomberg, Shenzhen-based robotics startup EngineAI plans to raise 1 billion yuan (approximately $139 million) in the fourth quarter of 2025, targeting a valuation of $1 billion, to further develop humanoid robots.
Founded in 2023, EngineAI gained attention this year after demonstrating a robot capable of performing a forward flip. Co-founder Ren Guowen revealed that the company expects to deliver nearly 1,000 robots in 2025, with a target of reaching 10,000 units by 2028. China has become the world's largest robotics market, accounting for 51% of global deployments.
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