Noetix Robotics files confidentially for Hong Kong IPO to raise hundreds of millions

Noetix Robotics, a Beijing startup that builds humanoid robots, has filed confidentially for an initial public offering in Hong Kong. The company is looking to raise several hundred million dollars, according to Bloomberg. The filing was reported on October 21, 2026. A public listing is anticipated as early as 2027. From dorm-room idea to IPO paperwork On paper, the company goes by Songyan Power Beijing Technology Co., Ltd. The market knows it as Noetix Robotics. Jiang Zheyuan founded the company after dropping out of Tsinghua University. Noetix has raised over $200 million across nine funding rounds. The biggest of those was a Series B completed in March 2026. That round brought in approximately $138 to $145 million and valued the company at around $550 million. Chendao Capital led the round. Chendao is a firm associated with CATL, the battery manufacturer that supplies much of the electric vehicle industry. The filing was made confidentially. The company’s draft prospectus and financial details are not public. A robot priced like a laptop In late 2025, Noetix launched the Bumi, a consumer humanoid priced at around 9,988 yuan, or about $1,400. The company says it can produce the B...