Chinese robotics startup PaXini Tech is considering an initial public offering in Hong Kong, according to a Bloomberg report, as investor interest in robotics and embodied artificial intelligence continues to grow.
The Shenzhen-based company, which is backed by electric vehicle manufacturer BYD and e-commerce group JD.com, is reportedly working with banks on a potential listing and could file an application with the Hong Kong Stock Exchange in the coming months.
Valuation Exceeds RMB 10 Billion
The reported IPO plans come after PaXini raised more than RMB 1 billion ($148 million) in a funding round completed in March 2026.
The financing pushed the company’s valuation above RMB 10 billion, according to the report.
Founded in 2021, PaXini develops robotic technologies including tactile sensors, dexterous robotic hands, grippers and humanoid robots.
Its flagship products include high-precision tactile sensing systems and the Tora humanoid robot platform.
Growing Interest in Embodied AI
PaXini is among a growing number of Chinese robotics companies seeking to capitalize on increasing investor enthusiasm for embodied intelligence and advanced automation technologies.
Several robotics firms have recently pursued public listings, including Unitree Robotics, which has reportedly received approval for a Shanghai listing, while other companies have filed for listings in Hong Kong.
The sector has attracted attention as China seeks to strengthen its position in next-generation technologies including robotics, artificial intelligence and intelligent manufacturing.
Strategic Backing From BYD
In April 2025, BYD made a strategic investment in PaXini, expanding its involvement in the robotics sector.
The investment followed BYD’s earlier backing of robotics startup Agibot and reflects growing interest among automotive manufacturers in automation and embodied AI technologies.
PaXini’s technology focuses on combining visual and tactile perception for robotic applications.
The company says its proprietary OmniVTLA 2.0 multimodal model integrates tactile sensing into robotic decision-making processes, allowing machines to interact more effectively with physical environments.
Geely Deployment Highlights Commercial Progress
In May 2026, PaXini announced a strategic partnership with Geely Auto focused on industrial robotics applications.
The company’s Tora-One humanoid robot has been deployed at Geely’s Qiantang manufacturing facility, where it performs tasks including wiring harness assembly and component installation.
According to the company, the system achieved continuous eight-hour operation and a task success rate of 99.8% during production line deployment.
Focus on Tactile Sensor Technology
PaXini is also a supplier of robotic tactile sensors, a market segment that has become increasingly important as developers seek to improve robotic dexterity and physical interaction capabilities.
The company says it has developed proprietary tactile chips and sensor packaging technologies aimed at reducing production costs and enabling broader deployment of tactile sensing systems.
Investment banks including Goldman Sachs and Morgan Stanley have highlighted tactile sensing as a key component of future embodied AI systems, according to the report.
Potential Funding for Expansion
If the Hong Kong IPO proceeds, the company is expected to use the proceeds to support research and development, expand data collection capabilities and accelerate commercialization efforts.
The funding could also support development of larger-scale AI models and further deployment of robotic systems across manufacturing and industrial applications.