Chinese EV maker XPeng’s robotics arm raises $100 million to bring robots to households in 2 years

XPeng is still focused in boosting the sales of its electric cars. But it has been focusing on building out future businesses in flying cars and robotics.

The affiliate company of a Chinese electric car manufacturer said on Tuesday that it had raised $100 million as part of its plan to develop household robotic devices.

The financing was led by IDG Capital.

The money will be used to strengthen its research and development investment in robotic hardware and software, recruit talent, accelerate product development and boost technology and product competitiveness.

In the next two years, the company expects its first robot to enter homes.

He Xiaopeng is the CEO of XPeng, a company that focuses on transportation.

In an interview with CNBC last year, he said that the form of mobility would evolve from wheels to wings, propellers, 4 legs or 2 feet.

There are other electric carmakers moving into robotic. The company is working on a robot that could go into production.