Government News
Mirae Asset-LG Electronics fund invests in Chinese humanoid robot startup AgiBot, report says 2025-08-05
An investment fund jointly set up by South Korea’s LG Electronics and Mirae Asset Financial Group has invested in Chinese humanoid robotics startup AgiBot, China Securities Journal reported.
Mirae Asset-LG Electronics New Growth Fund, which invests in emerging industries, participated in AgiBot’s latest fundraiser, the report said on Aug. 1, citing the Shanghai-based company. It marks LG Electronics’ first global investment in the embodied artificial intelligence sector.
AgiBot has completed 10 financing rounds, with investment from big firms such as Tencent Holdings, JD.Com, BYD, SAIC Motor, BAIC Group, and TCL Technology Group, according to data on corporate information platform Tianyancha.
AgiBot announced on July 15 that it had received an investment from CP Robotics, with the Danish robotics software firm expected to help it develop business applications in vertical sectors such as life sciences, new retail, new consumption, and health and wellness.
LG Electronics, the core subsidiary of LG Group, is a global leader in consumer electronics, mobile communications, and home appliances. Mirae Asset is one of Asia’s largest independent financial groups, with assets under management in excess of USD620 billion.
On July 8, Swancor Advanced Materials announced that a consortium formed by AgiBot and its core team, along with persons acting in concert, would pay as much as CNY2.1 billion (USD290 million) for control of the listed Chinese maker of high-performance materials.
This news sparked market speculation that AgiBot was seeking a backdoor stock market listing. However, the company subsequently clarified that it has no definite plans to make big changes or adjustments to Swancor’s main business within the next 12 months.
AgiBot acquired Swancor to establish a presence in the upstream segment of the material industry’s supply chain, thus accelerating the mass production and global expansion of its products, it added.
Source: Yicai Global
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