Chinese robotics startup Lumos Robotics is considering a further fundraising round and aims to begin preparing for a possible stock-market listing next year, its founder said, betting that factory cost savings rather than flashy humanoid demonstrations will determine which companies survive China's robot boom.
Lumos has raised about 1 billion yuan ($147 million) across seven funding rounds, the company said. Founder and CEO Yu Chao told Reuters fresh capital would be used mainly for industrial deployments, hardware development, and AI models, including computing infrastructure.
