Didi Robotics Spins Out of Horizon Robotics with $400M Series C

The presence of Meituan's strategic arm and a local government vehicle alongside a lead financial investor signals that this spin-out is being capitalized as much for ecosystem and regional industrial policy as for standalone returns. That more than half of existing shareholders followed on matters more than the headline figure: it suggests insiders see the incubation as a genuine asset transfer rather than a rebranding. The open question is whether Didi Robotics can convert this backing into independent commercial traction now that it no longer sits inside Horizon's structure.