On May 29, 2026, Hangzhou-based dexterous hand solutions provider Xynova officially closed its Series A round worth hundreds of millions of yuan, led by Li Auto Strategic Investment and CSC Financial Capital. Total fundraising has reached nearly 1 billion yuan since its founding in late 2024. The company launched the world's first hybrid "cable-driven plus direct-drive" dexterous hand, Flex 2.
Funding Dynamics
On May 29, 2026, Xynova, a Hangzhou-based full-stack dexterous manipulation solutions provider, officially announced the completion of its Series A round, raising hundreds of millions of yuan.
Funding round structure:
- Lead investors: Li Auto Strategic Investment, CSC Financial Capital, CSC Financial Investment
- Participants: Zhejiang Cultural Internet, Yuanjia Fund
- Existing shareholders doubling down: Caitong Capital, Xiaomi Strategic Investment, SEARI Capital
- Exclusive financial advisor: Guangyuan Capital
Since its establishment in late 2024, the company has raised nearly 1 billion yuan in total.
Flex 2: World's First Mass-Produced Hybrid-Drive Dexterous Hand
Building on the integrated arm-hand advantages of its Flex 1, Xynova introduced the Flex 2 dexterous hand featuring a hybrid "cable-driven plus direct-drive" system.
Key product characteristics:
- Delivers high performance without sacrificing reliability
- Moves beyond hardware parameter competitions of "stacking degrees of freedom"
- Shifts toward closed-loop system capabilities centered on "perception-control-decision"
After its official launch on May 13, 2026, the Flex 2 made its debut at ICRA 2026 in Austria in June, performing live demonstrations of delicate operations such as "holding a brush to paint" and "coordinated two-hand scooping of popcorn," drawing significant attention from international attendees.
Industrial Value and Market Scale
The dexterous hand is widely recognized as the core component with the highest technical barriers and greatest value concentration in the humanoid robot supply chain:
| Metric | Data |
|---|---|
| Share of total robot cost | 15%-20% |
| Planned annual capacity (end of 2026) | 10,000 dexterous hands + 200,000 micro-electric cylinders |
| Orders from leading manufacturers | 10,000+ units |
The humanoid robotics industry is undergoing a critical transition from "being able to walk" to "being able to work," and the dexterous hand is the key bottleneck.
Full-Stack R&D and Mass Production
Xynova possesses complete production lines and is one of the few domestic providers with full self-developed and self-produced capabilities covering:
- Motors
- Motor controllers
- Reducers
- Lead screws
- Algorithms
Li Auto's Embodied Intelligence Blueprint
Li Auto CEO Li Xiang has publicly stated: "Autonomous driving is the first half of embodied intelligence; general-purpose humanoid robots are the second half." This investment is not isolated — Li Auto revealed in its earnings call:
- Full-year R&D investment approximately 12 billion yuan
- AI-related investment accounting for about 50%
- Simultaneously laying out both autonomous driving and general-purpose humanoid robots
Overseas Supply Chain Opportunities
For international customers, the maturation of China's dexterous hand supply chain means more cost-effective procurement options for core humanoid robot components. For detailed supply chain resources, visit EX1000.COM.
