en.Wedoany.com Report, On March 20th, the Shanghai Stock Exchange officially accepted the IPO application of Unitree Robotics Co., Ltd. for the STAR Market, with a proposed fundraising amount of 4.202 billion yuan. According to the company's publicly disclosed response to the second round of inquiries in the pre-review application documents, Unitree Robotics has outlined a clear technology roadmap regarding model iteration.
Unitree Robotics plans to release a "General-Purpose Humanoid Robot Embodied Foundation Model" within three years. This model will systematically possess four core capabilities: scene generalization, instruction generalization, action generalization, and task generalization, enabling it to efficiently empower standardized vertical scenarios in fields such as production and manufacturing. From a technical architecture perspective, this foundation model will form a complete closed loop of "cloud-based model training - edge-side inference and execution - online data collection," providing the underlying capability support for humanoid robots' autonomous decision-making and execution in complex environments.
Scene generalization means the robot can complete similar tasks in environments it hasn't been pre-trained on; instruction generalization is reflected in the ability to understand diverse natural language instructions; action generalization refers to the ability to grasp and manipulate objects of different shapes; task generalization represents the robot's ability to autonomously decompose and execute multi-step complex tasks. The systematic integration of these four generalization capabilities is considered a key technological breakthrough for humanoid robots transitioning from specialized applications in specific scenarios to general-purpose applications.
The disclosed technology roadmap echoes the fundraising purposes outlined by Unitree Robotics in its prospectus. The company's IPO fundraising projects include four main directions: intelligent robot model R&D, robot body R&D, new intelligent robot product development, and intelligent robot manufacturing base construction. Among these, model R&D is prioritized, highlighting Unitree's emphasis on underlying algorithm capabilities.
As a leading global enterprise in the fields of quadrupedal robots and humanoid robots, Unitree Robotics has experienced rapid growth in its humanoid robot business in recent years. The prospectus shows that revenue from its humanoid robot business accounted for 51.53% of its total revenue from January to September 2025, surpassing revenue from quadrupedal robots for the first time to become the core revenue pillar. The goal of releasing a General-Purpose Humanoid Robot Embodied Foundation Model within three years will further strengthen its competitiveness in AI algorithms, providing a technical foundation for the large-scale deployment of humanoid robots in industrial, commercial, and service scenarios.
