Startup funding

It will be used to expand BeeX’s fleet of autonomous underwater drones and its operational reach

It previously raised a US$330 million Series G funding round in December 2025 at a US$8 billion valuation

But this is less so in Asia, where entrepreneurs seek profitability over valuations: Granite Asia’s Jenny Lee 

The startup needs more cash to expand its staff in part because of a roughly six-month backlog of customer demand

Each co-lead investor plans to inject roughly US$2 billion

Foreign investment must comply with Chinese laws and regulations, says a spokesperson

The state vehicle’s involvement underscores the importance that Beijing is attaching to the startup

Investment arrives at a pivotal moment as space-tech firm prepares for maiden flight of Vikram-1

Beijing-based startup currently holds over 80% of the global market share in high-degree-of-freedom robotic hands