Chinese robotics startup MagicLab closes $20.55 million angel round

2024-12-25 15:06:05

MagicLab, a Chinese embodied intelligent robotics company, announced Wednesday that it has closed a 150 million yuan ($20.55 million) angel round of financing.

The round was led by Zhuichuang Venture Capital, a fund of Dreame Technology, and followed by Kington Capital.

In the first quarter of 2025, MagicLab will officially launch its next-generation MagicBot humanoid robot product.

The company expects to deliver hundreds of mass-produced MagicBot units in 2025, with deliveries reaching the thousand-unit level in 2026.

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