CATL-backed Beijing robotics startup secretly files for Hong Kong IPO

What happened: Beijing robotics company Songyan Dynamics has confidentially filed for a Hong Kong IPO, according to Bloomberg, and could list as early as next year. Key numbers: Plans to raise several hundred million US dollars. March B round totaled nearly 1 billion yuan, its ninth funding round. N2 robot: 1.2m tall, 30kg, 18 degrees of freedom. E1: 1.36m. Why it matters: The B round was led by Chendao Capital, an industrial investment platform tied to CATL. Songyan has not responded to Bloomberg's request for comment, and IPO size and timing may still change.

Beijing robotics company Songyan Dynamics has confidentially filed for a Hong Kong IPO, according to Bloomberg, and could list as early as next year.

The B round was led by Chendao Capital, an industrial investment platform tied to CATL. Songyan has not responded to Bloomberg's request for comment, and IPO size and timing may still change.