--- title: "Tianchuang Robot has raised over 100 million yuan in its Series D financing. Is it preparing for an IPO in the future?" type: "Topics" locale: "zh-HK" url: "https://longbridge.com/zh-HK/topics/39237314.md" description: "Summary: The distance from tool to colleague. Author: Wu Ziqi Source: Chaoyang Capital Forum In 2026, the ones least in need of money are robots. Just as the internet saying goes, "Love flows to those who are not lacking in love," money also flows to robots that are not short of cash. At the very beginning of March, "Tianchuang Robot" announced the completion of a D-round financing exceeding 100 million yuan. It's not surprising that robots can secure funding; what's noteworthy is what kind of robots are getting funded, and even reaching the D round. From the angel round in 2017 to the D round in 2026..." datetime: "2026-03-13T01:30:31.000Z" locales: - [en](https://longbridge.com/en/topics/39237314.md) - [zh-CN](https://longbridge.com/zh-CN/topics/39237314.md) - [zh-HK](https://longbridge.com/zh-HK/topics/39237314.md) author: "[朝阳资本论](https://longbridge.com/zh-HK/profiles/26763750.md)" --- > 支持的語言: [English](https://longbridge.com/en/topics/39237314.md) | [简体中文](https://longbridge.com/zh-CN/topics/39237314.md) # Tianchuang Robot has raised over 100 million yuan in its Series D financing. Is it preparing for an IPO in the future? **Summary: The Distance from a Tool to a Colleague.** **Author: Wu Ziqian** **Source: Chaoyang Capital Review** In 2026, robots are the ones with the most "spare cash." Just as the internet saying goes, "love flows to those who are not lacking in love," money also flows to robots that are not lacking in money. Just as March began, "Tianchuang Robot" announced the completion of a D-round financing exceeding 100 million yuan. It's not surprising that robots can secure funding. **The key point of interest is what kind of robots are securing funding, and reaching D-round at that.** From the angel round in 2017 to the D-round in 2026, Tianchuang Robot's cumulative financing scale since its establishment is estimated to be between 400 million and 600 million yuan. Compared to Galaxy General Robot's 2.5 billion yuan A+ round financing, Tianchuang Robot's financing scale might seem "insignificant." However, it's worth noting that this pragmatic robot company, founded in 2011, has provided tangible returns to its shareholders through actual orders and profits. **The "Real-Working" Robot** Unlike the embodied robots that performed yangko dances and fake falls on the Spring Festival Gala stage, Tianchuang Robot primarily engages in "underground" work. The company's main products include the batch application of 10 series of robots, such as indoor/outdoor wheeled inspection robots, rail inspection robots, explosion-proof inspection robots, and photovoltaic cleaning robots. They serve multiple industries including power, oil & gas, rail transit, water utilities, mining, aquaculture, ports, and metallurgy. Source: Company website In the D-round financing, two listed companies, Jinzhou Pipe (002443) and Chaoda Equipment (301186), made strategic investments. One is a leading enterprise in China's oil and gas pipeline transportation sector, and the other is a veteran company in automotive parts and automation equipment. **This kind of strategic investment, genuinely coming from the upstream and downstream of the industrial chain and possessing real operational scenarios, is perhaps what embodied robot companies currently lack even more.** What makes Tianchuang Robot attractive for strategic investment from these two listed companies? The answer lies in the fact that Tianchuang Robot is a robot that does real work. It focuses on being a "special forces" unit for 4D scenarios (distant, dangerous, dirty, dull), primarily handling tasks in power & new energy, oil & gas chemicals, metallurgy & mining, and municipal security. The common characteristic of these industries is harsh environments, high risks for manual inspection, and significant costs for equipment failures. This is precisely the value lowland for Tianchuang Robot. Why did Jinzhou Pipe invest? As a core enterprise in the oil and gas pipeline transportation field, it understands the pain points of pipeline inspection best. Hundreds of kilometers of pipelines traverse uninhabited areas, where manual inspection is inefficient and has many blind spots. Tianchuang's pipeline inspection robots can reduce the manual inspection time for a 200-meter pipeline in a nuclear power plant from 4 days to 1 day, with a 60% reduction in personnel. The implications of such efficiency improvement for Jinzhou Pipe are self-evident. The investment logic for Chaoda Equipment points towards the supply chain. As a veteran in automotive parts and automation equipment, it can provide "technology feedback" to Tianchuang in precision manufacturing and automation technology. This is a precise industrial marriage: downstream companies provide scenarios and data, upstream companies provide manufacturing capabilities, and Tianchuang delivers the robot body and algorithms. In January 2026, Tianchuang also reached a strategic cooperation with Ruan Tong Tianshu to deeply collaborate on products like embodied intelligent robots and digital twin perception-execution systems for scenarios such as energy, power, steel, factories, and industrial parks. The ecosystem layout is already taking shape. **Is an IPO planned for the future?** Tianchuang Robot's financing story, on the other hand, illustrates that hot money from capital is shifting from "concepts" to "orders." According to the company's website, Tianchuang Robot has a 4,500-square-meter production base with 10 production lines and 60 testing lines. By the end of 2025, it had cumulatively implemented over 1,000 projects, served over 1,000 clients covering nearly a hundred central and state-owned enterprises like PipeChina, PetroChina, Sinopec, and China Southern Power Grid, and delivered over 5,000 units/sets of special operations and maintenance robots, with deployment volume consistently ranking first globally in its niche segment. Media reports further indicate that in the past three years, the company's annual revenue growth has remained above 30%, making it a rare profitable enterprise for three consecutive years among its unlisted peers. In January 2025, Tianchuang Robot entered the humanoid robot track, launching the Tiankui 1, still positioned in the high-risk operations field, focusing on "explosion-proof." In 2026, Tianchuang Robot will also promote the fire control room duty humanoid robot "Tianyou," the all-terrain quadrupedal robot "Robot Leopard" (special robot dog), and the industrial operation and maintenance agent "Tian A." From the product matrix, it's not hard to see that Tianchuang Robot's thinking remains clear: based on industrial scenarios, using technological innovation to solve real problems. In the view of founder Liu Shuang, if a robot can really help with household chores, people will buy it even for 100,000 or 200,000 yuan; if it's just a toy, many people would find it expensive even at 1,000 yuan. Therefore, Tianchuang Robot's product philosophy has always been practicality. But the second half of this story takes place in the stock market. In 2026, the IPO window for robot companies is opening. Unitree Robotics has completed its listing guidance, Magic Atom has loudly announced plans for a listing within the year, Kalesi Technology has passed the Hong Kong Stock Exchange hearing, and over 30 robot companies are queuing for listing in Hong Kong. The "robot sector" in the capital market is heating up. But looking beneath the surface, what's the real situation? Take this question to Ubtech — the "first humanoid robot stock" that launched small humanoid robots back in 2014. Its stock price doubled in 2025, with its market value peaking above 60 billion yuan. Glamorous? Very. But the financial report tells the truth: the company's revenue scale is less than 1.5 billion yuan, it delivered only 10 industrial robots in all of 2024, its gross margin is below 40%, it hasn't turned a profit for five consecutive years, and it continues to rely on external funding. Can this report card support a 60 billion yuan market value? Perhaps it can, because it's betting on the future. Back to Tianchuang Robot, regarding IPO plans, the company has not yet made any clear statements. But according to its consistent style, before having confidence in "delivery," it will likely choose to keep its feet on the ground and let the orders do the talking first. ### 相關股票 - [UBTECH ROBOTICS (09880.HK)](https://longbridge.com/zh-HK/quote/09880.HK.md) - [Chaoda Equipment (301186.CN)](https://longbridge.com/zh-HK/quote/301186.CN.md) - [PETROCHINA (00857.HK)](https://longbridge.com/zh-HK/quote/00857.HK.md) - [PETROCHINA (601857.CN)](https://longbridge.com/zh-HK/quote/601857.CN.md) - [KINGLAND (002443.CN)](https://longbridge.com/zh-HK/quote/002443.CN.md) - [SINOPEC CORP (00386.HK)](https://longbridge.com/zh-HK/quote/00386.HK.md) - [Sinopec Corp. (600028.CN)](https://longbridge.com/zh-HK/quote/600028.CN.md) - [PetroCN HK SDR 1to2 (HPCD.SG)](https://longbridge.com/zh-HK/quote/HPCD.SG.md)