- Specialized quadruped robot maker targets industrial deployment
- Backed mainly by state capital and manufacturing groups
Micbot (具微科技), a Hangzhou-based developer of quadruped robots, has raised several hundred million yuan across four consecutive Series A funding rounds, as industrial investors bet on demand for robots in hazardous environments.
The latest A+++ round was led by Binzhou State-owned Capital Investment, Shandong Weiqiao Pioneering Group and Befar Group, with participation from Heda Group and DNV Capital.
The company’s previous three rounds of financing were also partially or wholly backed by state investment funds in Shandong.
Founded in early 2025 and headquartered in Hangzhou’s Qiantang district, Micbot focuses on wheeled quadruped robots designed for extreme operating conditions, including strong magnetic fields, explosive environments and ultra-low temperatures.
The company is developing what it describes as “all-terrain mobile intelligent agents” capable of autonomous operations in complex industrial settings.
“The real necessity for robots is not to replace office workers, but to take on those dangerous and grueling jobs that should never have been done by humans in the first place,” said Wang Zixuan, founder of Micbot, a post-90s entrepreneur from Wenzhou.
Micbot’s flagship product is the Movenew P1, a wheeled quadruped robot designed for extreme industrial environments.
It features resistance to magnetic interference, explosions, water and freezing conditions, carries a dynamic payload of up to 200 kilograms, and can operate for up to 12 hours.
The machine is aimed at high-risk scenarios such as aluminum smelting facilities, chemical plant pipelines and inspections in sub-zero environments—areas where human access is difficult or unsafe.
Proceeds from the latest funding will be used to advance core technologies and accelerate large-scale deployment across specialized industrial scenarios nationwide.
Facilitation by industrial capital
Strategic investors are expected to play a role beyond financing. Existing shareholder Binzhou State-owned Capital Investment has continued to increase its stake, while Weiqiao Group—whose aluminum and energy operations require high levels of electromagnetic resistance and reliability—offers potential deployment scenarios.
Befar Group, another shareholder and a petrochemical manufacturer, is also seen as a direct fit for explosion-proof robotics applications, since its chemical production environments often involve flammable and corrosive conditions.
Micbot said the involvement of industrial capital is expected to accelerate its transition from research and development, currently a main revenue stream for most quadrupedal robot producers, to large-scale commercialization by providing both funding and access to real-world deployment environments.
The company said recently it had shipped products worth 110 million yuan ($16 million) over the past year, with a backlog of more than 500 million yuan in orders yet to be fulfilled.
The startup was a fresh entrant into the “18 Embodied AI Arhats” chart released at the 10th All Blossom Conference on April 24 and also included in the “Zhejiang 108 Hidden Dragon List,” an industry map of the province’s embodied AI and robotics ecosystem.
