Core Insights - The 2025 World Artificial Intelligence Conference (WAIC) in Shanghai showcased over 150 humanoid robots, marking the largest collective display of humanoid robots in China to date, indicating a shift from mere exhibition to practical applications in various sectors [1] - The event highlighted advancements in humanoid robots, which are now capable of performing tasks such as cooking, sorting materials, and security inspections, demonstrating their potential as real-world "producers" rather than just performers [1] Group 1: Humanoid Robot Innovations - The Galbot by Galaxy General, a quadruped robot, received the "Treasure of the Museum" title for its practical applications, including precise sorting and self-correction capabilities in a simulated automotive factory [3] - Star Motion Era introduced three versatile robots: L7, capable of dancing and sorting packages; XHAND1, a dexterous robotic hand; and Q5, a humanoid service robot that can provide guidance and perform various tasks [5] - The "Jueying X30" from Cloud Deep Technology showcased its ability to perform high-risk inspections, highlighting the feasibility of quadruped robots in replacing human labor in hazardous environments [7] Group 2: Market Trends and Orders - The humanoid robot industry is expected to transition from a technology-driven phase to a commercial phase by the second half of 2025, with market sentiment shifting towards orders and deliveries [15] - Significant orders were placed during WAIC, including a 124 million yuan order from China Mobile and various contracts from automotive manufacturers for material handling and assembly tasks [15] - The industry is experiencing rapid growth, with estimates suggesting an average growth rate of 50% to 100% in the first half of the year, driven by the increasing frequency of new robot releases [15]

Core Viewpoint - Beijing Zhongke Huiling Robot Technology Co., Ltd. (Lingbao CASBOT) has completed nearly 100 million yuan in angel financing, led by Lens Technology, to accelerate product mass production, technology development, and market expansion [3][5][11]. Financing and Investment - Lingbao CASBOT has completed three rounds of financing, with the previous round being over 100 million yuan on February 18, 2025, involving investors like Lenovo Venture Capital and Guotou Chuanghe [3][5]. - The latest financing will enhance Lingbao CASBOT's competitive advantage in technology and commercialization [3][5]. Strategic Partnerships - Lens Technology will provide key components and assembly support to accelerate the mass production of humanoid robots [5][6]. - The company has established strategic partnerships with major players in the humanoid robot sector, including a joint venture with Zhiyuan Robotics to focus on intelligent robot development and AI algorithm sales [7][9]. Product Development - Lingbao CASBOT launched its first bipedal humanoid robot, CASBOT 01, in November 2023, featuring 52 degrees of freedom and a computing power of 550T [16][22]. - The company introduced CASBOT 02, a lightweight model, priced at 328,800 yuan, which achieved online sales of 675,856 yuan during the 618 shopping festival [16][22]. Technological Innovation - The company has developed a five-finger bionic dexterous hand capable of precise operations, suitable for industrial manufacturing tasks [18][22]. - Lingbao CASBOT's hardware includes integrated joints with a peak torque density of 207 Nm/kg and over 80% efficiency, while its software employs a layered end-to-end model technology for enhanced intelligence and flexibility [22][23]. Market Positioning - Lingbao CASBOT aims to differentiate itself by targeting unique application scenarios such as emergency rescue and underground operations, rather than solely focusing on industrial manufacturing [25][28]. - The humanoid robot sector is experiencing significant growth, with upstream core supply chain companies expected to benefit from this trend, as noted by Morgan Stanley and Goldman Sachs [12][28].

Core Viewpoint - Beijing Zhongke Huiling Robot Technology Co., Ltd. (Lingbao CASBOT) has completed nearly 100 million yuan in angel financing, led by Lens Technology, to accelerate product mass production, technology development, and market expansion [3][5][11] Financing and Investment - Lingbao CASBOT has completed three rounds of financing, with the previous round being over 100 million yuan on February 18, 2025 [3][5] - The latest financing will enhance Lingbao CASBOT's competitive advantage in technology and commercialization [3][5] Strategic Partnerships - Lens Technology will provide key components and assembly support to accelerate the mass production of humanoid robots [5][6] - The company has established strategic partnerships with major players in the humanoid robot sector, including a joint venture with Zhiyuan Robotics to focus on intelligent robot development and AI algorithm [7][9][27] Product Development - Lingbao CASBOT launched its first bipedal humanoid robot, CASBOT 01, in November 2023, featuring 52 degrees of freedom and a computing power of 550T [16][22] - The company introduced CASBOT 02, a lightweight model, priced at 328,800 yuan, which achieved sales of 675,856 yuan during the 618 shopping festival [16][22] Technological Innovation - The company has developed a five-finger bionic dexterous hand capable of precise operations, suitable for industrial manufacturing tasks [18][22] - Lingbao CASBOT employs a layered end-to-end model technology for software, enhancing the robot's intelligence and flexibility [22][23] Market Positioning - Lingbao CASBOT aims to penetrate unique application scenarios such as emergency rescue and underground operations, differentiating itself from competitors focused on industrial manufacturing [25][28] - The humanoid robot sector is experiencing significant growth, with upstream core supply chain companies expected to benefit from this trend [12][28]

近日， 人形机器人企业灵宝 CASBOT宣布完成新一轮融资，融资金额近亿元人民币 。 本轮融资由蓝思科技 领投，天津 佳益 跟投，老股东国投创合、河南资产持续加注。在当前人形机器人赛道竞争日趋激烈的背景 下， 这笔融资的完成为观察行业技术路线演进和商业化进展提供了新的视角。 ▍ VLA模型的工程化挑战与解决方案 根据公开的实验数据，该方法在八项真实场景任务测试中实现了 96.3% 的平均成功率，相较传统监督微调方 法提升 144% ；平均任务完成步数 从 56.3步降至30.7步 ，效率提升约 1.9倍 。在 "穿针引线"等高精度任 务中表现尤为突出。这种性能提升对于工业应用具有直接价值——更少的动作步骤意味着更短的生产周期和更 高的效率。 数据采集策略方面，灵宝 CASBOT构建了 " 三域 " 体系 ： 真机域（传统的机器人遥操作数据，占比最 少）、仿真域（在虚拟环境中生成的训练数据，占比较高）、真人域（通过专用数据手套和眼镜设备采集的人 类演示数据）。真人域数据采集的创新之处在于直接捕获人类的自然操作动作，避免了传统遥操作中为确保稳 定性而牺牲效率的问题。采集的数据包含双目 RGB图像、末端位姿、触觉反 ...

Core Insights - The increasing demand for clear ROI from clients is pushing companies to focus on cost control and practical applications rather than just technological advancements [1][3] - The launch of the humanoid robot CASBOT 02 on JD.com resulted in actual orders within 48 hours, indicating strong market interest [1] - The second-generation robot emphasizes scenario-based design and cost optimization, with a price starting at 328,000 yuan [1][3] Company Developments - Lingbao CASBOT announced nearly 100 million yuan in angel financing, with significant backing from industrial partners like Lens Technology and Tianjin Jiayi [1][2] - The CASBOT 02 features a VLA model that enhances operational precision to sub-millimeter levels, focusing on specific industrial applications [2] - The company aims for small-batch production across three product lines, targeting around 100 units per line [6] Market Trends - The presence of humanoid robots on consumer platforms like JD.com signifies a shift towards more structured sales channels for large-scale commercialization [7] - JD.com has established a dedicated "Intelligent Robot Business" department, indicating a strategic focus on the smart robotics sector [8] - The sales of smart robots on JD.com saw a tenfold increase during the "6·18" shopping festival, reflecting growing consumer interest [7] Strategic Partnerships - Lingbao CASBOT is leveraging partnerships with industry giants to enhance data accumulation and improve its algorithm models [2] - JD.com is facilitating access to various sales channels, including B2B opportunities, to reach over 9 million government and enterprise users [8]

Core Viewpoint - The article discusses the recent funding of nearly 100 million yuan for the humanoid robot brand "Lingbao CASBOT," which aims to accelerate product mass production, technology research and development, and market expansion [3]. Company Overview - "Lingbao CASBOT" was established in August 2023 and focuses on the application of general humanoid robots and embodied intelligence. The core team has over 20 years of experience in precision assembly, flexible operation, and visual servoing [3][4]. - The company has launched two humanoid robots: CASBOT 01 and CASBOT 02, each targeting different application scenarios [3][7]. Product Details - CASBOT 01 is designed for outdoor complex environments, standing 179 cm tall, weighing approximately 60 kg, with 52 degrees of freedom and a computing power of 550T. It is optimized for specific user needs and special operations [4]. - CASBOT 02, released in June, is a lightweight model at 163 cm tall and 55 kg, featuring a 275 tops computing chip. It includes RGBD cameras and IMU sensors for enhanced interaction capabilities, suitable for various human-machine interaction scenarios [7]. Technical Innovations - The technology combines a "layered end-to-end + reinforcement learning" approach, allowing for real-time adaptive optimization in dynamic environments. This enables the robot to adjust its actions and trajectory planning autonomously [8][9]. - The focus is on industrial and energy sectors, where the demand is clear and stable, making it a suitable market for the commercialization of embodied intelligent robots [9][10]. Market Strategy - "Lingbao CASBOT" aims to enhance robot shipment volumes by focusing on high-demand scenarios in industrial and mining sectors, creating a positive feedback loop for data collection and technology optimization [10]. - The company has established partnerships with leading firms in the mining and industrial sectors, leveraging its accumulated industry knowledge and experience [14]. Future Directions - The company plans to conduct in-depth research on humanoid robots' applications across multiple scenarios to promote the deployment of embodied intelligence technology in more fields [15].

Core Insights - Lingbao CASBOT has completed nearly 100 million yuan in Series A+ financing, led by Lens Technology, with participation from Tianjin Jiayi, Guotou Chuanghe, and Henan Assets [1][2] - The funds will be primarily used to accelerate product mass production, technology research and development iteration, and market expansion, reinforcing the company's core competitive advantage of "technological leadership + commercial navigation" [1][2] - The company has completed three rounds of financing, with the previous round in February 2025 raising over 100 million yuan [1][2] Company Overview - Founded by Zhang Zhengtang, a researcher at the Chinese Academy of Sciences, Lingbao CASBOT focuses on developing general humanoid robots and embodied intelligent products [2][4] - The core team consists of experts from top global universities and technology companies, with over 20 years of research experience in key areas such as intelligent robotics and precision assembly [4] Product Development - Lingbao CASBOT launched its first bipedal humanoid robot, "CASBOT 01," in November 2024, featuring 52 degrees of freedom and a computing power of 550T [4] - The company subsequently released "CASBOT 02," equipped with a multimodal perception system and high-performance RCU, priced at 328,800 yuan during the 618 shopping festival [4] Technological Innovations - The company has developed a bionic dexterous hand for humanoid robots, capable of complex tasks such as assembly and inspection, addressing flexible manufacturing needs in industrial settings [6] - A collaboration with the Chinese Academy of Sciences has led to a new method for fine-tuning VLA models in real environments, enhancing safety, efficiency, and robustness in robotic tasks [8] Strategic Partnerships - Lingbao CASBOT has formed strategic partnerships with Shandong Zhaojin Group and Shandong Zhongmin Group to establish a joint venture focusing on embodied intelligent robots for mining safety and operations [8] - A partnership with CITIC Heavy Industries aims to develop domestically produced special humanoid robots and enhance international competitiveness in the humanoid robotics sector [10] - Following the recent financing, Lens Technology will leverage its expertise in consumer electronics and smart home appliances to support Lingbao CASBOT's mass production and quality control efforts [10]

Group 1 - CASBOT, a humanoid robot brand, has completed nearly 100 million yuan in angel financing, led by Lens Technology, with funds aimed at accelerating product mass production, technology development, and market expansion [2][5] - The company has three product lines: bipedal robots, wheeled robots, and dexterous hands, with plans to deliver over 300 units this year [2][5] - The second-generation bipedal humanoid robot, CASBOT 02, was launched at a price of 328,800 yuan, featuring advanced capabilities and reduced production costs compared to its predecessor [7][10] Group 2 - The humanoid robot market in China is projected to reach 2,400 units in sales by 2024 and 7,300 units by 2025, with a market size approaching 2.4 billion yuan [10][11] - By 2035, the humanoid robot market is expected to grow significantly, potentially reaching 200 million units and a market size of nearly 140 billion yuan [10][11] - The global humanoid robot market is forecasted to grow to 7 trillion USD by 2050, indicating a strong demand for robots in various sectors [13][14] Group 3 - The company emphasizes a strategic focus on industrial applications, leveraging its competitive advantages in technology, product, and customer resources [8][9] - The current humanoid robot industry is experiencing rapid iteration, with a focus on practical applications rather than engaging in competitive "involution" [3][9] - The company aims to enhance its robots' capabilities through data-driven iterations and cross-scenario adaptability, ultimately expanding into household service scenarios [9][14]

Core Viewpoint - The article discusses the recent trend of humanoid robot companies launching their products on JD.com during the 618 shopping festival, highlighting the strategic shift towards online sales and the growing market for humanoid robots in both B2B and B2C segments [2][12]. Group 1: Product Launches and Pricing - Multiple humanoid robot companies, including Cyan, Zhuoyide, and Lingbao CASBOT, have launched their products on JD.com, with prices ranging from 4,000 to 400,000 yuan [2][5]. - Cyan's Orca robot is priced at 298,000 yuan for the standard version and 348,000 yuan for the flagship version, targeting different application scenarios [2]. - Zhuoyide's "Xingzhe No. 2" is available in two versions, priced at 169,800 yuan and 249,800 yuan, with promotional offers during the 618 event [5]. Group 2: Market Strategy and Trends - The entry of humanoid robots into JD.com is driven by the platform's strategic initiative to establish a new category for robots, attracting various companies to increase sales and brand visibility [11][12]. - Companies like Cyan and Zhuoyide emphasize the importance of online sales for reaching a broader audience and facilitating market penetration, especially in the B2B sector [12][13]. - The majority of humanoid robot products listed on JD.com are in pre-sale status, with expected delivery times ranging from 20 to 70 days, indicating a cautious approach to inventory management [12].