Chinese robotics startup Lumos Robotics is weighing a further fundraising round in the run-up to a possible stock-market listing next year, Reuters reported on Tuesday.
The Shenzhen-based company has raised about 1 billion yuan ($147 million) across seven funding rounds. Founder and CEO Yu Chao told Reuters that fresh capital would mainly go toward industrial deployments, hardware development, AI models, and computing infrastructure.
Lumos is targeting 300 deliveries of its MOS factory robots this year, with its robots already automating the assembly of key modules at its own factory. The company plans to introduce robots into final assembly as well.
"The stage of running and jumping has basically passed," Yu told Reuters, signaling a shift in the Chinese humanoid robot industry from spectacle to practical deployment.
Lumos joins a growing list of Chinese robotics companies heading toward public markets. Unitree Robotics just completed a blockbuster Shanghai IPO, and Chery Automobile's AiMOGA Robotics division is also preparing to go public. The wave of listings reflects surging investor enthusiasm for humanoid robots as a potential new engine of industrial growth.
The company's progress highlights the rapid maturation of China's robotics ecosystem, with firms moving from prototype demonstrations to reliable factory-scale deployments.
