Orchestrator of the Physical AI Era.

Robotics stands where autonomous driving was a decade ago—on the eve of a breakout. The future will be fragmented, multi-scenario, and non-standardized. The real moats? Compute, mass production, and ecosystem openness. D-Robotics has stayed laser-focused on the tech stack, positioning as the "Wintel" of the robotics era—mature dev platforms, production-grade DNA, lowering the barrier to entry, and driving embodied intelligence to scale. This round closed clean. The market validated the embodied AI infrastructure thesis, and backed our long-term strategy, execution, and commercialization track record. Glacier Capital's relentless hustle and professionalism made it happen. Next: we double down on R&D and ecosystem. We stay long-term. We build alongside Glacier Capital and every ecosystem partner to push China's robotics industry into an era that's accessible, efficient, and prosperous.

The endgame of embodied intelligence is a universal brain for the physical world. Two years in, the space is loud—demos of robots doing backflips, flexing for cameras. We hold a simple conviction: real robots do real work. They're not exhibits. They're not toys. Without breakthroughs in foundation models, without being forged by dirty data and brutal real-world conditions, robots are just metal shells. So from day one, Spirit AI took the hard road: end-to-end VLA foundation models, software-hardware co-design, and getting our hands dirty on real production lines like CATL—running the data flywheel where scenarios feed the model. On that long climb, you need more than capital. You need people who see through the noise. Glacier Capital stepped into our trenches at exactly the right moment. Eight years deep in China's robotics sector—they cut through the hype and locked onto the real moat: physical world large models. While we were quietly building data pipelines and core algorithms, they already bought into our "data pyramid" thesis and the strategic value of pushing the Scaling Law ceiling in the physical world. That insight showed up in the capital strategy they built for us—and in how they operate. Glacier isn't a matchmaker. They have skin in the game. The team moved into our office. Late nights, business logic, market dynamics—they were in the room. They drove financing efficiency with white-glove execution and put their own money on the line. No posturing. Hands dirty. That resonated hard with our engineering culture. 2026 is the year embodied large models hit their GPT moment. We believe this: if you can't build it fast even with money and talent, that's the real core tech. Spirit AI stays rooted in the real world, pushing the performance ceiling for China's embodied models. And we march forward with Glacier Capital—true believers, side by side—bringing general-purpose robots into every industry and unlocking human productivity at scale.

Tactile sensing is the core of humanoid "sensory awakening"—and it was on China's list of 35 chokehold technologies. Glacier Capital saw the revolutionary implications of tactile modality for embodied intelligence before most of the market did, and committed to the space with conviction. They systematically evaluated every global technical route and locked in on our 6D Hall array solution as the breakthrough path. That conviction in deep-tech value made the partnership seamless from day one. Their understanding of the supply chain is penetrating. They worked alongside us across chip packaging, algorithm integration, and VTLA model construction—helping us close the critical loop: high-precision multi-dimensional physical perception, massive multi-modal data accumulation, and generalized intelligent decision-making. Both sides agree: Paxini's TacFlow Engine and the VTLA model it drives will define the first full-modality technology paradigm. Glacier's edge comes from years in robotics. They bring a unique strategic philosophy, sharp foresight on tech trends, and they've earned high marks across every institution we've engaged with. Their dedication, relentless work ethic, and full-service in-house model drove financing efficiency hard. We look forward to a long partnership.

Rockets are humanity's only way out of the gravity well—and escaping that well means breaking free from constraints you can't see. Four years in, here's what we've learned: building a stainless steel rocket and finding a partner who actually gets you run on the same logic. Both demand first-principles thinking. No shortcuts. Late 2024. Three people. We believed stainless steel + liquid oxygen methane + chopstick recovery was the endgame for China's commercial rockets. The market called it non-consensus. Glacier Capital was one of the very few FAs who actually understood the engineering. They spent two months tearing down our material systems, structural design, propulsion, and recovery path—piece by piece. The questions they asked told me everything: they weren't evaluating a deal. They were understanding a system. That depth is almost unheard of in this business. Then there's the strategic judgment. When the industry map was still blank, they called Commercial Aerospace 2.0 a systemic opportunity and built us a financing strategy with real standards—targeting three categories of shareholders: GPs who made real money in Aerospace 1.0, top-tier funds with patience and research depth yet to deploy, and industrial players across communication, navigation, remote sensing, and computing. That playbook matched our rocket philosophy exactly: prove it on the ground, then earn the right to fly. Glacier translated "let the product speak" into the sharpest language the capital market understands. But here's what got us: they didn't just arrange financing. They invested their own capital. In rockets, "skin in the game" carries weight. Glacier chose to ride the same rocket. That trust matters more than any term sheet. Our vision: Link the Universe, Light the Universe. Make rockets the infrastructure of the space economy. Drive launch costs down an order of magnitude. Unlock the next frontier. The road is long—but with partners who bring industry depth, strategic patience, and the willingness to get their hands dirty, we get closer. Old rocket industry saying: systems lead, propulsion follows. In financing, Glacier Capital is our propulsion. We're sending China's stainless steel rockets skyward—and igniting the space economy—together.

Quantum computing is a long game. Breakthroughs take time. Industry maturity takes time. And the market understanding this space—that takes time too. Over the past few months, Glacier Capital essentially became part of the quantum industry. They dug into technical roadmaps, interviewed experts, mapped the value chain, and stood shoulder to shoulder with us answering the hard questions from investors. They helped long-term capital build real conviction in quantum computing. In a real sense, they didn't just close a round—they helped shape the market's understanding of an entire sector. We've always believed the best FA isn't a connector—it's a translator of industrial value and a partner on long-term strategy. Glacier delivered exactly that. Professional, all-in, persistent. We look forward to keeping them at the table as we take Chinese quantum computing to the global stage.

We started as a small team. Today we're a global leader in world models and embodied foundation models. Two core moats—GigaWorld and GigaBrain—anchored in a full-stack closed loop: world model drives, embodied model evolves, native hardware scales, scenarios land. We're rebuilding how robots interact with the real world using physical AGI—turning general-purpose robots into real productivity across industries, not demo pieces. On the capital side, Glacier Capital has been our most committed partner—present for the critical leap from technical validation to ten-billion-dollar valuation. They understand what we are: China's first company to systematically build world models, and the first globally to industrialize them. Full-stack core tech, multi-scenario deployment, globally leading. They share our conviction that embodied intelligence is the first explosive application of world models on the path to physical AGI. Capital strategy, deal architecture, industry resources—Glacier moves fast and flexibly, driving every round to close efficiently and elevating capital quality. They're not a matchmaker. They're a strategic partner who shares our technical conviction, operates on long-term horizons, and resonates with our engineering culture. We're sprinting toward the GPT moment of the physical world—together.

Two years. Six rounds. Volant Aerotech and Glacier Capital started as client and advisor and evolved into a deep strategic partnership. Every round confirmed a shared core: resilience, prudence, pragmatism—the aviator's DNA. Glacier's industry insight and hands-on service met Volant's sustained investment in vision and technology. The synergy was real. We broke through obstacles and kept expanding the low-altitude economy. At every critical moment, we felt Glacier's defining trait: they don't quit. That's what kept them ahead in electrification, intelligence, and robotics—and what let them seize the eVTOL opportunity early. As someone who's spent a career in avionics and aircraft systems, I know how hard it is to bridge technology and industry. Glacier built an entirely new framework for understanding eVTOL value—tens of thousands of hours of research and interviews. That zero-to-one knowledge output didn't just help Volant attract dozens of shareholders. It laid groundwork for the healthy, accelerated development of China's low-altitude economy. They didn't stop at research. They connected investors and industry partners, pushing low-altitude from niche concept to mainstream consensus at the capital level. That model gave Volant strong support across rounds and helped build a sustainable ecosystem for the entire eVTOL sector. Here's what stands out: in deal after deal, Glacier thinks from every angle and forms a tight "iron triangle" with existing shareholders and the team. They balance caution with decisiveness—striking hard at key moments, injecting resources and confidence. They don't just supply capital. They elevate cohesion and ownership. The reason we respect and elevate each other is simple: shared focus, shared conviction, resilience, honesty—with ourselves and the world—and a commitment to open, professional, pragmatic partnership. The AI and energy revolution is here. Volant and Glacier stay on the front line—exploring the future of avionics, new energy, and low-altitude mobility. We believe: stand on solid ground, stay true to the vision, face reality, and move forward. That's how you break through at the intersection of technology and industry. We march forward—together—bringing real change to this era and fueling the eVTOL industry's rise.

Our founding team built phones and systems at Xiaomi. We're wired for hundred-million-user concurrency and obsessive about software-hardware integration. When we brought that DNA into embodied intelligence—targeting complex welding, the hardest problem in the space—most investors didn't get it at first. The embodied AI space is loud today. We focus on one thing: making robots work in industrial settings, freeing people from dull, repetitive, dangerous jobs, and getting customers to ROI within ten months. Glacier Capital was the most surprising discovery in our search for the right partner. They're one of the very few FAs who cut through the noise and understood our 3D native world model at the architecture level. Working with them, two words: grounded and relentless. They're not card-passing, group-chat intermediaries. They embedded with us—late nights, business model reviews, translating our internet engineering DNA into language the capital market actually understands. Here's what earned our respect: they didn't just secure top-tier industrial capital with full-service execution. They put their own money in. Skin in the game. Having a partner with industry foresight who's also willing to get into the trenches—that's a rare fortune on our path to building a "one brain, many forms" general-purpose platform.

2022 snow season. Our team spent six months in the U.S.—measuring real snow conditions, refining the product, and visiting a hundred-plus seed users for feedback. Back in China, we leveled up across the board: R&D, manufacturing, marketing, sales. Relentless iteration. We hold our products to an extreme standard. We hold our advisors to the same. Before launching the round, we talked to over 20 financial advisors. Then Glacier Capital showed up. Their sector knowledge, precision, and sharp insight stunned us—this is a financial institution? What's rarer: they're not just impressive on day one. They keep delivering. Valuable suggestions. Real surprises. We learned from them—focus, intensity, depth. Not your average FA. In the early days, the yard-care space—especially snow removal—wasn't market consensus. But Glacier's professional service, deal structuring, and execution closed the round in two months. Glacier isn't an advisor. They're an industry partner. They think from the company's perspective—industry, product, strategy, tactics, capital, resources. The best partnerships are mutual: grow together, strengthen each other, win together. With Glacier, it started with first impressions, deepened with talent, and endures on character. The trust is real. We see them as a long-term partner in Yarbo's journey.

Since 2021, Glacier Capital has brought sharp perspective on the robotics industry. They understood OBSBOT's products, the underlying tech stack, and the long-term vision—and translated that into a differentiated value proposition for the market and investors. Even in 2022—when sentiment was soft and uncertainty was high—Glacier stayed disciplined, rigorous, and efficient. They handled heavy communication and coordination between us and investors, controlled every key node, and delivered professional judgment at every turn. As technical founders, that left a mark. What's rarer: Glacier thinks from both the industry lens and the founder's seat. They gave us real strategic and operational guidance—the mark of a top-tier strategic and financial advisor. To us, Glacier isn't just an advisor. They're a long-term partner with industry insight and the staying power to build alongside us. We look forward to entering the era of imaging automation—together.

Empowering industries through embodied intelligence has always been ROBOTERA’s mission. From the beginning, ROBOTERA has remained committed to full-stack in-house development. Across the brain, motion control, data, five-finger dexterous hands, and the humanoid body, the company has built an integrated AI-native system designed for robots that do real work, creating a technical moat and supporting real industrial deployment and commercial scaling. The Glacier team has not only provided us with professional and efficient financing services, but has also been a like-minded fellow traveler on our embodied-intelligence journey. Drawing on years of deep work in robotics, Glacier Capital truly understands ROBOTERA’s distinctive enterprise value and connects and serves the company and investment institutions with deep insight and precision. We are grateful for the team’s dedication and steadfast support, and look forward to continuing together toward the stars and seas of embodied intelligence.

Unmanned logistics is at the golden inflection point—scale commercialization. Rino.ai has been focused on autonomous delivery on public roads since day one. We've weathered the tests—technical, operational, regulatory—and we're here to witness and drive this inflection. Our C1 round brought in top global logistics capital, Shenzhen Nanshan Strategic Emerging Investment, and existing shareholders. That's the market validating our trinity: technology leadership, open ecosystem, scenario deployment. Glacier Capital brought real firepower and industry insight to this process. Their relentless work ethic and tight execution made a difference. We're grateful. Next: we stay long-term. We accelerate global mass production of vehicle-grade autonomous vehicles and multi-scenario commercial deployment. We do the hard things that are worth doing.