PsiBot Raises $100M from Chery Automobile at $1.48B Valuation

According to The Straits Times, Shanghai-based AI startup PsiBot (also known as Lingchu Intelligence) is close to securing $100 million in funding at a $1.48 billion valuation. The financing round is being led by Chinese carmaker Chery Automobile, with participation from Lens Technology, a sensor maker for Apple and Tesla. Founded in 2024, PsiBot develops embodied AI and world models for robots, with applications in warehouse logistics. The company has previously raised approximately $300 million since its inception.
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