Recently, Beijing Xingdong Era Technology Co., Ltd. ("Xingdong Era"), an investee of Nanjing Turing Phase I Venture Capital Partnership (Limited Partnership) ("Turing Phase I Fund")—a cooperative sub-fund of Nanjing Innovation Investment Group—announced the completion of its Series A+ financing, raising nearly RMB 1 billion. This round was led by Geely Capital, with strategic investment from BAIC Capital, co-investment from Beijing Artificial Intelligence Industry Investment Fund and Beijing Robot Industry Development Investment Fund, and participation from strategic capitals of several internationally renowned enterprises. The funds will further support the technological iteration and application implementation of the end-to-end VLA embodied large model ERA-42. The participation of Geely Capital and BAIC Capital will further open up strategic synergy development space for Xingdong Era's industrial applications.

Xingdong Era adheres to the full-stack independent R&D of "embodied brain" and "humanoid ontology" with integrated software and hardware. By building a universal brain and universal robots, the company aims to make robots reliable partners for humans. Xingdong Era's embodied brain ERA-42 has achieved precise control of the whole body and five-fingered dexterous hands of high-degree-of-freedom full-size bipedal humanoid robots, and has been applied in the logistics and commercial service industries. Xingdong Era provides development tools and industry-specific solutions for developers and enterprises, forming a business pattern of "deep cultivation domestically + expansion overseas". Domestically, it focuses on the application of embodied intelligence industry solutions and has established in-depth cooperation with Geely, Renault, SF Express, TCL, Haier, Lenovo, Shiji Jinyuan, etc. Internationally, it focuses on the developer market, covering North America, Europe, the Middle East, Japan and South Korea, with 9 of the world's top 10 market capitalization technology giants as its customers. Benefiting from its diversified business layout, Xingdong Era achieved rapid commercial growth in 2025, with total orders exceeding RMB 500 million, including a single largest order of nearly RMB 50 million in the logistics industry, and has formed standardized solutions.

Turing Phase I Fund was established by Turing Ventures in March 2019, with a total size of RMB 268 million. The Nanjing Municipal Science and Technology Innovation Fund, entrusted to Nanjing Innovation Investment Group for management, invested RMB 60 million in this sub-fund. Turing Ventures focuses on early-stage equity investment in artificial intelligence and information technology-related fields. Relying on the first-class technical capabilities, talent reserves, government and industry resources of the Institute for Interdisciplinary Information Technology of Tsinghua University and Nanjing Turing Artificial Intelligence Research Institute, Turing Ventures is committed to helping the transformation of scientific research results through rich fund management experience and a professional investment management team. By investing in and incubating a new generation of information technology startups, it promotes the rapid application of artificial intelligence and information technology in traditional fields. Turing Phase I Fund participated in Xingdong Era's seed round investment and has actively assisted the company in attracting subsequent investors post-investment, supporting its R&D progress and business development.