CASBOT
Category: Robotics / Embodied AI
Beijing humanoid robot and embodied AI company building full-stack robots (body, embodied brain, dexterous hands) for industrial manufacturing, mining and commercial entertainment. CASBOT was founded in 2023. The company is led by Zhang Zhengtao (张正涛). Based in Beijing, China. Team size: 101-500. Total funding raised: $27.0M. Latest round: Series A. Key investors include Lenovo Capital (联想创投), SDIC Venture Capital / 国投创合, Henan Asset Fund (河南资产基金), Lens Technology (蓝思科技), Tianjin Jiayi (天津佳益), 正悦投资, 知来投资, 涌铧投资, 茂天投资, 元禾辰坤, 国科科智, 鲁宁投资.
- Founded
- 2023
- Headquarters
- Beijing, China
- Team size
- 101-500
- Total funding
- $27.0M
Value proposition
Full-stack, self-developed humanoid and wheeled robots with an in-house embodied model (CAS-brain) that it deploys in real industrial jobs. Its lead use cases are shoemaking work cells and high-risk underground mining tasks. The company claims an annual ROI of about 50-70% and payback in under two years.
Products and solutions
CASBOT 01 and CASBOT 02 full-size bipedal humanoids, CASBOT 02 Lite dev platform, CASBOT W1 and W2 wheeled-arm robots, CASBOT Mini (灵小宝) half-size humanoid, CASBOT D1 desktop dexterous manipulation platform, CASBOT Handle-L1 dexterous hand, CAS-brain embodied model, CASBOT PA perception-to-action model, XR teleoperation and data-collection platform, CASBOT BAND robot band.
Unique value
An embodied AI stack built to win in real factories, with more than RMB 400M of shoemaking-robot orders in hand. It also runs a mining-robot JV with Shandong Zhaojin Group.
Target customer
Footwear and apparel manufacturers, mining and energy companies, commercial and entertainment venue operators, and education/research institutions.
Industries served
Manufacturing (footwear/apparel, 3C), Mining & energy, Commercial services & entertainment, Education & research
Technology advantage
Full-stack in-house R&D, from end effectors to complete robots. Its embodied models combine VLM, agents, RSI, world models and RL. A lightweight PA model trains on a single consumer GPU. The company has its own XR teleop and real-robot data collection. It has 500+ patent applications and runs a Beijing Key Laboratory for industrial embodied intelligence. The team has CASIA research depth.
How they differentiate
It focuses on vertical industrial jobs with quantifiable ROI, such as shoemaking work cells and underground mining. General-purpose demos are not its priority. It is also pursuing an academic-to-industrial transfer from CASIA, plus an entertainment revenue line through its robot band.
Main competitors
AgiBot (智元机器人), Galbot (银河通用), UBTECH, Unitree
Key partnerships
Shandong Zhaojin Group and Shandong Zhongkuang Group (JV 中科深矿具身智能机器人(烟台)有限公司 for mining robots), Lens Technology (蓝思科技, strategic investor), Everbright Tongchuang (光大同创) and Diluosi (迪洛斯) on scaled humanoid production, NVIDIA Inception program member, Qingdao robot 6S experience store (band residency).
Notable customers
Leading footwear manufacturer in Putian (unnamed), several top shoemaking companies (orders worth tens of millions of RMB), Shandong Zhaojin Group (mining JV)
Major milestones
2023-08 company founded. 2024-10 CASBOT brand launched. 2024-11 CASBOT 01 humanoid released. 2025-02 angel round (>¥100M). 2025-06 CASBOT 02 released, mining JV formed with Zhaojin and Zhongkuang, and ~¥100M round led by Lens Technology. 2025-08 W1 and Handle-L1 launched at WRC 2025. 2025-12 Beijing Key Lab for Industrial Embodied Intelligence approved. 2026-02 CASBOT BAND appeared on the Beijing TV Spring Festival Gala. 2026-04 W2, Mini and D1 launched. 2026-10 A++ round of several hundred million RMB.
Growth metrics
100+ employees, over 75% in R&D. Embodied shoemaking-robot orders in hand exceed RMB 400M, with production scheduling in the thousands of units (2026). Disclosed funding before the A++ round was about RMB 197M.
Market positioning
Second-tier but fast-commercializing Chinese humanoid maker, described as the leading academic-origin humanoid OEM in commercialization. It claims first-tier status in footwear-manufacturing embodied AI.
Geographic focus
China-focused; expanding education and entertainment sales to the Middle East, Europe, Southeast Asia and North America.
Patents and IP
500+ patent applications, including 506 invention patent applications filed by team members (company-reported).
About Zhang Zhengtao (张正涛)
Researcher and PhD supervisor, Institute of Automation, Chinese Academy of Sciences; Founder & Chairman, 中科慧远 (CASI Vision, industrial visual inspection); PhD in control theory & control engineering, CASIA. Worked on China's early humanoid ping-pong robot dynamic control research (2007).
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Official website: https://casbot.tech