A prominent venture in the field of embodied intelligence has gone from high-profile establishment to quiet dissolution in less than six months.

On October 16, rumors about the dissolution of Suzhou OneStar Robot, an embodied intelligence startup, began to circulate. According to confirmation, the company is indeed in the dissolution phase, with insiders revealing that individuals with connections to Geely have largely withdrawn.

Following this, journalists discovered that the OneStar Robot public account on WeChat has been completely cleared. Additionally, the profile on Ding Yan, the company's co-founder and CTO, on Xiaohongshu indicates that his experience at OneStar Robot concludes as of October this year.

On October 17, reporters visited the office location of OneStar Robot and noted unwrapped large items stacked at the entrance, while the company’s name and logo had been removed. Only a portion of the technical team remained at the site. Furthermore, a visit to the address listed on Gaode Maps showed it was currently under renovation with no progress.

External speculation regarding the reasons for the company’s dissolution includes internal disputes within the founding team and overlapping business directions with Geely's subsidiary, Qianli Technology. As of the time of writing, OneStar Robot has yet to officially comment on the reasons for its dissolution.

Founded by Li Shufu's son Luxurious R&D Team OneStar Robot garnered significant attention from its inception.

In May of this year, the company was launched by Li Xingxing, son of Geely founder Li Shufu and a shareholder in Zhejiang Geely Holding Group. According to Tianyancha, Li Xingxing controls 65.66% of OneStar Robot. The legal representative, Pan Yunbin, also hails from Geely, previously serving as president of Geely’s satellite division and currently holding positions at Zhejiang Jingneng Microelectronics Co., Ltd., under Geely Technology Group.

Positioned in the "embodied intelligence" sector, OneStar Robot is seen as a crucial maneuver for Geely in the robotics industry. In June, renowned researcher Ding Yan, a PhD in Computer Science from the State University of New York and a former star researcher at Shanghai AI Lab, joined the R&D team.

Reportedly, OneStar Robot has assembled an impressive research lineup, collaborating with teams from Fudan University, Tsinghua University, and the internationally renowned FastUMI data collection group to build a "model + data + ontology" R&D framework. In September, OneStar Robot announced a formal partnership with Fudan University to co-establish a "Smart Robot Industry-University Joint Laboratory," unveiling the “Star Wheel No. 1” wheeled dual-arm robot at the signing ceremony.

When asked about subsequent arrangements for employees, staff on-site indicated they are currently "waiting for notifications" and that further information is not convenient to disclose. They also noted that it is not appropriate to share contact details of the relevant responsible parties.

Rapid Financing Raised Hundreds of Millions in Just Four Months Capitalizing on a robust financial background and a wealth of team resources, OneStar Robot successfully completed two rounds of financing within four months post-establishment.

From publicly available information, in August, OneStar Robot announced a financing round involving investments from past investors linked to Geely, including Cao Cao Mobility and Jingneng Microelectronics.

In September, OneStar Robot secured a “seed round” financing amounting to hundreds of millions of yuan. According to reports, investors in this round include BV Baidu Ventures, Tongchuang Weiye and other market investors, as well as industrial investors like Galaxy Universal and Landai Technology, along with "Urban Co-prosperity" investors such as Zhongxin Group. On October 17, the reporter, posing as an investor, contacted Landai Technology, and personnel in the company’s securities department stated they were unaware of this matter.

Official announcements surrounding financing, product releases, and even new office renovations suggested an upward trend for the company, only for it to be abruptly reported as dissolving.

Currently, the field of embodied intelligence is in its "landing year," showcasing immense market potential. An article released by the Guangdong Artificial Intelligence Industry Association indicates that by 2027, China's embodied intelligence market is expected to exceed 12.5 trillion yuan.

However, the industry generally faces challenges of high investment, heavy R&D costs, and low returns. Effectively strategizing and promoting the mass production and large-scale implementation of robotics has become a critical issue for all participants.

(Note: The content and data in this article are for reference only and do not constitute investment advice. Investors are responsible for their own investment decisions based on this information.)