Group 1 - The 2025 World Artificial Intelligence Conference (WAIC2025) will be held in Shanghai from July 26 to 28, showcasing advancements in embodied intelligence [1] - Qianxun Intelligent debuted its first commercial-grade humanoid robot, Moz1, which was officially released in June 2025 [1] - Moz1 features 26 degrees of freedom and the highest power density integrated force control joints globally, achieving a load-to-weight ratio of 1:1 [1] Group 2 - The robot can perform zero-latency remote operation and is equipped with self-developed multi-dimensional data acquisition devices for efficient data collection [1] - At the exhibition, Moz1 demonstrated its capabilities in various scenarios, such as serving drinks and folding clothes, showcasing its coordination, dynamic balance, and stability [1] - Qianxun Intelligent's self-developed VLA model, Spirit v1, continues to upgrade, enhancing its ability to perform office tasks like organizing desks and disposing of trash [2]

Core Insights - Qianxun Intelligent (Spirit AI) has completed nearly 600 million RMB in Pre-A+ financing, led by JD.com, with participation from several notable institutions, indicating strong investor confidence in the company's potential in the embodied intelligence sector [1][2] - The financing round highlights Qianxun's core competitiveness in the embodied intelligence field, emphasizing a "capital + industry" collaborative ecosystem that accelerates technological innovation and industrialization [2] - Qianxun's investors include top-tier industry players like Huawei, Xiaomi, and CATL, reflecting a consensus on the importance of "deployable technology" in the current investment landscape [2] Financing and Investment - The recent financing round saw existing shareholders, including Prosperity 7 Ventures and Shunwei Capital, increase their investments, showcasing their ongoing recognition of Qianxun's growth potential [2] - The valuation of Qianxun is considered significantly undervalued compared to its U.S. counterpart, Physical Intelligence, which is projected to reach a valuation of 2.4 billion USD (approximately 172 billion RMB) by the end of 2024 [2] Market Application and Challenges - The practical value of humanoid robots is validated in real industrial scenarios, with JD.com providing a significant testing ground for Qianxun's humanoid robots [3][5] - JD.com's automated warehouse operations present complex challenges that require advanced robotic capabilities, including load capacity, precision, and environmental adaptability [5] - The integration of multimodal large models has enhanced robots' capabilities in unstructured environments, which is crucial for reducing operational costs in JD's unmanned supermarkets and last-mile delivery [7] Product Development - Qianxun's first commercial humanoid robot, Moz1, was launched in July, featuring advanced motion control systems and a high-performance integrated force control joint [9][11] - Moz1's capabilities include a 26-degree of freedom configuration and a high-density power-to-weight ratio, positioning it as a leader in the industry [11] - The robot's perception and decision-making are powered by the OneTwoVLA model, enabling real-time adaptation to dynamic tasks, which aligns closely with human behavior [15] Future Outlook - 2025 is anticipated to be a pivotal year for the commercialization of humanoid robots, with Qianxun aiming to transition from laboratory settings to broader applications [8][17] - The company is focused on overcoming key barriers to market acceptance, including product performance and standardized operational capabilities, with expectations of reducing the cost of humanoid robots to below 200,000 RMB in the next 2-3 years [19][20] - The introduction of government standards for humanoid robots is expected to enhance market acceptance and support the industry's growth [19] Strategic Positioning - Qianxun's strategy emphasizes dual-driven development through technological breakthroughs and practical applications, aiming to solidify its market position in the embodied intelligence sector [19] - The collaboration with JD.com is seen as a significant step towards integrating product development with real-world applications, potentially establishing Qianxun as a key player in the industry [21]

Core Viewpoint - Qianxun Intelligent has completed a Pre-A round financing of 528 million RMB, indicating strong investor confidence in the company's potential in the embodied intelligence sector [2][3]. Company Overview - Qianxun Intelligent, founded in February 2024 by former CTO Han Fengtang of Lushishi Robotics, has raised over 800 million RMB since its inception [4]. - The company focuses on developing a general model for embodied intelligence, aiming to lead advancements in robotics technology and applications [5]. Recent Developments - The company has showcased its self-developed VLA Spirit v1 prototype, capable of performing complex tasks like folding clothes, which is a significant challenge due to the variability in fabric characteristics [4][5]. - Qianxun Intelligent is set to launch its first commercial humanoid robot, Moz1, which features 26 degrees of freedom and is designed for high performance in speed, precision, and safety [4]. Market Potential - The embodied intelligence industry is experiencing unprecedented investment and growth opportunities, with Goldman Sachs predicting the global humanoid robot market could reach 154 billion USD by 2035 [5]. - As technology matures and supply chains improve, the cost of robotics is expected to decrease, further accelerating commercialization [5]. Investor Insights - Prosperity7 Ventures (P7) expressed strong interest in Qianxun Intelligent's VLA model's generalization capabilities and iteration speed, recognizing its potential to adapt to complex environments and tasks [5][6]. - Angel round investor Dacheng Caizhi highlighted the importance of advancements in manipulation and cognitive capabilities for robots to replace humans in complex tasks, commending Qianxun Intelligent's rapid development [6].