Gate News message, April 15 — Chinese robotics company AgiBot has spun out its quadruped robot division into a separate subsidiary called AgiQuad, which aims to generate 500 million yuan (approximately $73 million) in revenue in 2026. The company stated that the move will allow AgiQuad to expand independently, and its mid-sized quadruped robots are currently sold out.
According to Securities Times, AgiQuad has set ambitious targets of reaching 10 billion yuan ($1.47 billion) in revenue and 300,000 annual shipments by 2030.
The spin-out is linked to AgiBot’s planned initial public offering (IPO) in Hong Kong as early as 2026, with a target valuation of HK$40 billion to HK$50 billion ($5.14 billion to $6.4 billion), according to Reuters sources. The company has attracted investments from LG Electronics, South Korean financial services group Mirae Asset, and Tencent. AgiBot also launched Qingtian Rent, a robot rental platform offering the D1 Ultra quadruped robot at approximately 500 yuan ($71) per day.
AgiQuad will face competition from Unitree Robotics, another Chinese robotics firm specializing in four-legged robots. Reuters reported that Unitree is seeking up to 50 billion yuan ($7 billion) for a planned IPO on Shanghai’s STAR Market, a Nasdaq-style tech board for Chinese technology companies.
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