News Snapshot:
12 A robot pony maker backed by Chinese EV giant Xpeng raises $100M – TechCrunch China’s Tesla challenger Xpeng isn’t content with just making electric vehicles. It’s also betting on ridable robot unicorns for kids. Xpeng Robotics, a bionic robot maker affiliated with Xpeng, just raised an impressive $100 million in a Series A round led by IDG Capital, at a time when venture investments are slowing in China . Other investors include Xpeng itself and some undisclosed backers. It’s unclear how much control Xpeng has over Xpeng Robotics following the latest round. But given their shared brand association, it...
