Nan Fang Du Shi Bao·2025-07-09 03:06Core Insights - The startup Xinghai Map has completed A4 and A5 rounds of financing, raising over $100 million (approximately 720 million RMB) [2] - The total financing scale of Xinghai Map's Pre-A and A rounds has reached nearly 1.5 billion RMB, with the latest valuation increasing over three times since the beginning of the year [2] - Xinghai Map is aiming for a new round of financing at a valuation of $1 billion, positioning itself to join the ranks of "unicorns" in the embodied intelligence sector [2] Financing Details - Meituan led the latest two rounds of financing for Xinghai Map, with A4 round co-led by Today Capital and Meituan Longzhu, and A5 round co-led by Meituan Longzhu and Meituan Investment [2] - Other investors in A4 and A5 rounds include CICC Porsche Fund, Xianghe Capital, and existing shareholders such as Mihayou and Wuxi Venture Capital Group [2] - Meituan has invested in at least five startups in the embodied intelligence sector, including Yushu Technology and Yinhai General [2] Company Background - Xinghai Map was founded in September 2023, with a founding team that includes members with experience from autonomous driving companies like Waymo and Momenta [3] - The company has launched the general humanoid robot R1 Pro and the wheeled dual-arm mobile platform R1 Lite, along with a comprehensive embodied intelligence development platform (EDP) [3] - Xinghai Map has developed a "fast-slow dual system" model architecture (EFM-1) for embodied intelligence, integrating a large visual language model (VLM) and an action model (VLA) [3][4] Industry Trends - The embodied intelligence sector is experiencing a surge in financing, with several startups announcing significant funding rounds recently [5] - Notable recent financings include Itashizhi's $122 million (approximately 880 million RMB) angel round and Yushujing's nearly 500 million RMB financing [5] - The sector is seeing increased interest from venture capitalists, who emphasize the importance of founder backgrounds in investment decisions [3][5]