“IPO的大船要开，再不投就没机会了”

Core Viewpoint - The recent surge in investment in embodied intelligence is driven by the anticipation of upcoming IPOs, leading investors to seek opportunities before they miss out on potential gains [2][3][7]. Investment Trends - Significant financing events have occurred in the embodied intelligence sector, with notable transactions including Galaxy General's 1.1 billion yuan funding on June 23, marking the largest single financing for a robot this year [2]. - The trend of rapid financing continues, with multiple companies securing substantial investments, indicating a competitive environment for capital [2][11]. - Investors are primarily motivated by the desire to secure a "ticket" to participate in the anticipated growth and exit opportunities in the sector [5][7]. Market Dynamics - The current investment climate is characterized by a high level of activity in early-stage funding, particularly in angel and seed rounds, although there is a preference for mid to late-stage investments due to their higher certainty and quicker exit timelines [9][10]. - The valuation of companies in the sector is rising sharply, with reports of some companies experiencing over 20 times valuation increases within a year [12][13]. Strategic Considerations - Investors face pressure from limited partners (LPs) to engage in popular projects, which can lead to a herd mentality in investment decisions [6][15]. - The strategy of "group investment" is becoming prevalent, where investors collaborate to mitigate risks and enhance their chances of success in a volatile market [15]. Order Acquisition - Recent contracts awarded to companies like Yushu Technology and Zhiyuan Robotics highlight the growing demand for humanoid robots, with significant orders indicating a robust market for these technologies [17][18]. - The involvement of local governments and state-owned enterprises in funding and supporting robotics companies is becoming increasingly common, reflecting a strategic push towards developing this sector [19][22].