Two Right Out of the Gate! EmbodiedIntelligence Stars ENGINEAI Robotics and GALAXEA Complete CorporateRestructuring

Recent reports indicate that GALAXEA and ENGINEAIRobotics, two embodied intelligence companies, have completed their corporaterestructuring into joint-stock companies.

GALAXEA wasfounded in September 2023 and has completed nearly 10 funding roundsto date, with cumulative financing approaching RMB 2 billion(approximately $275 million). Investors include prominentinstitutions such as Meituan, Capital Today, IDG Capital, GL Ventures,and Ant Group. According to public market information, GALAXEA'scurrent valuation has approached RMB 10 billion (approximately$1.4 billion).

ENGINEAI Roboticswas founded in October 2023. Founder Zhao Tongyang previouslyled XPeng's "Pengxing Intelligence" robotics team.According to Tianyancha (a Chinese business informationplatform), ENGINEAI Robotics has completed 8 funding rounds,attracting institutions including JD.com, Dosun Capital, and SenseTimeGuoxiang Capital, among others. The most recent rounds were the A1+and A2 rounds announced in December 2025, totaling RMB 1billion (approximately $138 million) in funding.

Regarding this corporate restructuring, GALAXEAtold Nandu reporters that the restructuring aims to optimizethe company's governance structure, establish a more standardized andcomprehensive modern corporate governance framework, and provide institutionalguarantees for sustained technological innovation, talent incentivemechanism development, and deepened strategic cooperation.

ENGINEAI Roboticstold Shanghai Securities News reporters that the main purposes of thiscorporate restructuring are threefold: First, to optimize shareholderstructure and capital architecture, providing more flexible space forfuture financing, equity incentives, and strategic investments; second, to supportcontinuous business expansion and global layout, providing capitalguarantees for R&D investment, overseas market expansion, and industrialchain resource integration; third, to protect the rights of allshareholders, build a superior capital operation platform, attractcore talent and quality resources, and lay the foundation for the company'slong-term high-quality development.

ENGINEAI Robotics made clear that this corporaterestructuring will not change the company's core strategy, mainbusiness, or core management team. The company will continue to focuson its positioning of "technology empowering humanity, expandingcapability boundaries," deeply cultivating embodied intelligencetechnology R&D, advancing product iteration and scenario deployment, whilesteadily expanding global markets. The company stated that the restructuring isan important step in optimizing capital structure, reserving space forpotential future capital operations. The company will continue to focus on corebusiness development, solidly advancing work around technologicalinnovation, product deployment, and market expansion.

It's worth noting that corporate restructuring isan important step for enterprises to optimize capital structure,reserving space for potential future capital operations and facilitatingfinancing, equity incentives, and strategic investments. Corporaterestructuring is typically viewed as an important preliminary movetoward going public, laying the foundation for subsequent IPOs byestablishing modern enterprise systems and standardizing financial andoperational management.

In addition to GALAXEA and ENGINEAIRobotics, which completed restructuring in 2026, humanoid robotcompanies including Unitree, AgiBot, Galbot, Leju, Deep Robotics, andFOURIER have all previously completed corporate restructuring, andtheir subsequent developments are worth watching.

Key Technological Breakthroughs