机器人赛道的资本热浪，正被新入局者的脚步声推向新高。 日前，南都湾财社记者获悉，乐聚(深圳)机器人技术有限公司向合作伙伴发布公告称，因公司经营管理 及战略发展需要，公司名称变更为"乐聚智能(深圳)股份有限公司"，原名称停止使用。 对此，9月17日，乐聚方面回应南都湾财社记者称，此举"是因内外部业务发展需要"。 但在资本市场眼中，这或许是其吹响上市冲锋号的前奏，也让本已激烈的IPO卡位战更趋白热化，揭示 了赛道头部玩家在资本棋局上的两种不同打法：一面是奔赴二级市场抢夺"入场券"，另一面则是在一级 市场深挖产业链、构建生态"护城河"。双线作战之下，行业格局正迎来巨变。 明星资本加持 乐聚机器人自诞生之初便自带"学霸"光环。其创始人冷晓琨及核心团队源于哈尔滨工业大学，拥有深厚 的机器人技术积淀。自2016年南下深圳成立以来，乐聚就凭借清晰的技术路径和产品规划，成为资本持 续追捧的对象。 梳理其融资历程，天眼查信息显示，公司在2017年便获得深创投参与的Pre-A轮及腾讯领投的A轮融 资；2019年的2.5亿元B轮融资中，腾讯继续跟投。 而在距离股改最近的2025年8月最新一轮融资中，投资方阵容更为豪华，引入了东方精 ...

Core Insights - The leading warehouse robot company, Geek+, went public on the Hong Kong Stock Exchange on July 9, raising over HKD 2.7 billion, setting a new record for IPO fundraising in the robotics sector [1] - A total of 13 robotics companies have submitted listing applications to the Hong Kong Stock Exchange in the first half of the year, with 8 of them applying in June alone [1][2] - The robotics industry is experiencing rapid technological advancements and increased market interest, with the Hong Kong Stock Exchange easing listing requirements for specialized technology companies [1][7] Group 1: Industry Trends - The surge in robotics companies going public reflects the industry's robust growth, with significant developments in various sectors such as logistics, service, and industrial applications [6][7] - The production of industrial robots in China increased by 32% year-on-year in the first five months of 2025, reaching 287,200 units, while service robots saw a 14% increase, totaling 5.31 million units [6] - The global demand for humanoid robots is projected to reach approximately 2 million units by 2030, corresponding to a market space of about CNY 570 billion [7] Group 2: Company Listings - The 13 companies that have submitted applications include a diverse range of products such as lawn mowers, vacuum cleaners, industrial robots, and AI-driven household robots [2][3] - Notable companies in the listing process include XianGong Intelligent, Stand Robot, and KaiLeSi Technology, all of which are leaders in their respective fields [4][5] - Companies like CloudTrace Technology and LeDong Robot are also planning to go public, focusing on service robots and household robots [5] Group 3: Financial Performance - Despite the industry's promising outlook, many companies face significant financial challenges, with several reporting losses due to high R&D and marketing expenditures [10][11] - For instance, Geek+ reported a net loss of CNY 832 million in 2024, primarily due to aggressive market expansion strategies [11] - Companies like Estun and Meggitt also reported substantial losses, with Estun facing a loss of CNY 810 million, marking its first major loss since going public [10][11] Group 4: Fundraising and Use of Proceeds - Most robotics companies aim to enhance their R&D capabilities and operational funding through their IPOs, with specific plans for global market expansion and product development [13] - For example, CloudTrace Technology plans to use its IPO proceeds for R&D upgrades and supply chain optimization, while Meggitt intends to focus on technology development and sales network expansion [13]