Embodied AI’s “20 Billion Club”: 8 Companies, Hundreds of Billions Raised, Betting on One Future - 36Kr

By June 2026, eight Chinese embodied AI companies had reached or exceeded a valuation of RMB 20 billion, forming a so-called “20 billion club.”

Universe Robotics and Zhiyuan Robotics are being valued on shipments and profitability, while Galbot and Xinghai Tu are betting on model strength and data moats.

Lingxin Qiaoshou stands out by controlling the dexterous-hand component, showing that key hardware bottlenecks can also command premium pricing.

The split highlights a new valuation phase in embodied AI, where capital is increasingly pricing companies by commercialization progress rather than concept alone.