The venture capital group's cooperative sub-fund investment company, Star Motion Era, has completed over 100 million yuan in angel round financing.

Recently, the Nanjing Turing Phase I Venture Capital Partnership (Limited Partnership) (hereinafter referred to as "Turing Phase I Fund"), a cooperative sub-fund of Nanjing Innovation Investment Group, announced that it has completed over 100 million yuan in angel round financing for the company Beijing Star Motion Era Technology Co., Ltd. (hereinafter referred to as "Star Motion Era"). This round was led by Lenovo Capital, with participation from Jinding Capital and Qingkong Tiancheng, and existing shareholder Century Jinyuan made an oversubscription investment. Previously, Star Motion Era completed a seed round financing of tens of millions of yuan led by Century Jinyuan, with Turing Venture Capital participating. This round of financing will mainly be used for the research and development of embodied intelligence and general humanoid robots, and to continue building the company's talent and technology barriers.

The Turing Phase I Fund was established in March 2019, with a fund size of 268 million yuan. The Nanjing Innovation Investment Group, which is entrusted to manage the Nanjing municipal-level science and technology innovation fund, invested 60 million yuan in this sub-fund. The Turing Phase I Fund was initiated by Turing Venture Capital, which focuses on early-stage equity investment in artificial intelligence and information technology-related fields. Turing Venture Capital relies on the first-class technical capabilities, talent reserves, and government and industry resources of the Tsinghua University Institute of Interdisciplinary Information Research and the Nanjing Turing Artificial Intelligence Research Institute, and is committed to helping scientific research results land and transform through rich fund management experience and a professional investment management team, promoting the rapid application of artificial intelligence and information technology in traditional fields by investing in and incubating a new generation of information technology startups.

Star Motion Era was established in August 2023 and is an emerging technology company incubated by the Tsinghua University Institute of Interdisciplinary Information Research, focusing on the research and development of embodied intelligence and general humanoid robot technologies and products. Its team members come from well-known domestic and international institutions such as Tsinghua University, Peking University, Harbin Institute of Technology, University of California, Berkeley, and National University of Singapore, as well as Fortune 500 companies, with over 80% of the team being R&D personnel. With a strong technical team and support from investors, Star Motion Era has achieved significant accomplishments in the field of humanoid robots that combine hardware and software and evolve through autonomous learning. Its humanoid robots adopt a technology route using proprioceptive actuators (aligned drives) to enhance the motion performance and impact resistance of robotic arms, and utilize self-developed high-torque density modular joints and integrated structural designs, employing materials such as high-strength alloys, carbon fiber, and engineering plastics to complete the construction of the robot's body.

Currently, Star Motion Era has two models of humanoid robot products: Xiao Xing and Xiao Xing Max, to meet the needs of different application scenarios. The flagship product "Xiao Xing" has undergone five iterations, featuring a more compact design and focusing on developing general mobility capabilities, including high-speed walking indoors and outdoors, and standing on one leg. In the future, it can be applied in scenarios such as outdoor inspections and logistics. Xiao Xing Max is a full-size humanoid robot, with a height comparable to that of an adult. Its arms, waist, and other body parts have higher degrees of freedom, and it is equipped with highly dexterous hands. The future target scenarios include households or factories, where it will replace humans to perform various delicate operations, achieving breakthroughs in multiple core technologies such as humanoid robot embodied intelligence algorithms, reinforcement learning, precise control algorithms, robot bodies, joints, motors, and actuators.

Source: Fund Department Wang Yanan

Reviewed by: Xue Yao

Published by: You Yi