ENCOS Raises Over RMB 300 Million in Series B, Evolving From Joint Modules to a Full Hardware Platform | Luzhou Shengmingli

ENCOS recently announced the completion of an over-300-million-RMB Series B funding round. Four years after its founding, the company has grown from a joint module supplier into a complete-hardware solutions platform covering power systems and end-effector systems. Oasis Capital led ENCOS's angel round and has doubled down beyond its pro-rata in multiple subsequent rounds. We remain confident in the team's judgment of long-term robotics demand, and in its ability to keep translating that judgment into products, manufacturing processes, and mass production. As embodied intelligence moves from prototype validation to volume deployment, hardware competition is extending from single-point performance to delivery reliability and serviceability. All of ENCOS's core components are developed in-house, with a first-pass yield of over 97%; its second-generation quick-release joints cut single-joint maintenance from hours to minutes, providing a reliable foundation for robots to be deployed at scale. Investors in this round include CITIC Goldstone, Nice Group, Suzhou Venture Capital, Huarei Investment, Nanjing Transportation Holdings, and Huarui Venture Capital, while existing shareholders Fosun Capital, Shenzhen Capital Group, Huakong Fund, Jinqiu Fund, and Puhua Capital continued to increase their stakes. Dialogue Capital served as the long-term exclusive financial advisor.

Founded in 2022, ENCOS spent four years becoming a leading player in embodied-intelligence joint modules, completing a strategic transformation from a component supplier into a complete-hardware solutions platform. This funding round is the market's renewed validation of that strategic path.

Products always at least one generation ahead, continuously leading innovation

In June 2026, ENCOS released the industry's first second-generation humanoid robot joint module with quick-release support — lowering the barrier for customers and making robots easy to service on the go.

ENCOS's products have an excellent reputation in the industry, with performance, quality, and stability all in the first tier. While its first-generation products still held a clear lead, ENCOS had already launched its second-generation joint modules. Beyond further performance upgrades, the second generation brings one key innovation — a modular quick-release design.

Traditional joint disassembly is a complex process requiring trained technicians, with a single service session potentially taking hours. That's tolerable during prototype development, but at volume deployment it creates enormous maintenance costs. ENCOS completely re-engineered the joint structure and interfaces; with the quick-release design, single-joint replacement is compressed to minutes — dramatically improving whole-robot assembly efficiency and helping OEMs cut after-sales maintenance costs by an order of magnitude.

Just as the auto industry depends on a mature aftermarket service system, humanoid robots at scale will need a maintenance infrastructure that can actually be deployed. ENCOS's second-generation joint module is a forward-looking product bet on precisely this long-term industry need.

ENCOS will also soon launch a new line of flat-wire motors. Compared with conventional round-wire motors, flat-wire motors offer higher slot fill, greater power density, and stronger heat dissipation — delivering more torque in a smaller package. Switching a given joint to flat-wire construction can boost some core performance metrics by more than 20%, giving humanoid joints a stronger "heart" as they evolve toward higher integration and higher burst power.

A formidable customer roster: domestic leaders + top overseas players + cross-industry giants

On the strength of product performance and stable volume delivery, ENCOS has become the hardware partner of choice for many benchmark companies.

• Leading domestic humanoid OEMs: Booster Robotics, Noetix Robotics, Xinghai Tu, Zhongke Huiling, and others
• Top overseas embodied-model companies: a $10B+ embodied-model company, Amazon and its subsidiaries, Physical Intelligence, and others
• Cross-industry giants entering embodied AI: BYD, Zoomlion, GAC, and others

Many customers say that against demanding whole-robot performance targets, ENCOS is the supply-chain choice with the highest certainty. That's why ENCOS joints have achieved high penetration in extreme, high-load scenarios like robot games and robot marathons.

Also worth noting: the dual-arm robot ENCOS built with ARX Robotics has been fully validated in deployment at Physical Intelligence (PI), one of the world's leading embodied-model companies. In PI's publicly released demos, every robotic arm runs ENCOS joint modules. This case directly demonstrates ENCOS's three core product strengths: outstanding performance, excellent stability, and a small sim-to-real gap that makes them highly friendly for model training.

The key capability for industry scale-up — volume delivery reliability

As embodied intelligence scales "from 1 to 10 to 100," ENCOS is a solid supply-chain backbone for all its customers. Specifically, ENCOS's mass-production capability rests on four pillars:

• Fully in-house core components: drivers, reducers, motors, encoders — every core component of the joint module is self-developed
• Full precision-machining coverage: the capability to precision-machine every part, from gears to housings
• In-house manufacturing processes: proprietary process development, with iteration and yield optimization fully under its own control
• Refined end-to-end management: first-pass yield in production above 97%

Unlike models that rely on purchased off-the-shelf components, ENCOS develops all of its core parts — drivers, reducers, motors, and encoders — in-house. From day one, it built a complete machining system for joint modules, with a full set of equipment including CNC machine tools, grinders, wire-cut machines, gear hobbers, and gear shapers, enabling gear-level precision machining, along with its own process R&D team.

The integrated advantages of design, process, and manufacturing under one roof are substantial. On one hand, it significantly shortens the cycle from design updates to mass production, accelerating new-product iteration; on the other, it guarantees yield and product consistency at volume. In addition, end-to-end control of manufacturing gives the company more room to keep driving costs down.

On production management, ENCOS enforces refined control across the entire process, embedding quality management into every stage — raw material intake, machining, final assembly, performance testing, and shipment. Every unit undergoes piece-by-piece quality verification, strictly guarding the quality gate to ensure every joint module delivers consistent, reliable performance.

From joints to complete hardware solutions — building industry infrastructure

ENCOS's goal is not just to build a single component, but to systematically lower the hardware development barrier for the entire industry — driving development cycles and organizational costs down by an order of magnitude.

Toward this goal, ENCOS's product portfolio focuses on two core robot capabilities: motion control, delivered through a power-system solution combining "joint modules + intelligent batteries + communication modules"; and intelligent manipulation, delivered through an end-effector solution combining "dexterous hands + data-collection gloves." Together, these form the robot's "skeleton."

ENCOS plans to launch an online selection platform within the year, where customers can configure all core components of a complete robot in one stop. This marks ENCOS's upgrade from a core-component supplier to a complete-machine solutions provider.

Looking ahead, as large models and AI design tools keep iterating, robot design and manufacturing will eventually become AI-driven end to end. Building on its one-stop platform foundation, ENCOS will then evolve further — from an embodied-AI hardware solutions provider into a hardware innovation platform for the era of physical intelligence, empowering robotics startups of every kind to rapidly complete product development and scale delivery.

We have full confidence in the long-term outlook for the embodied-intelligence sector. AI is undergoing a revolutionary breakthrough — GPT-6-Astra's recent performance far exceeded my expectations. As international AI giants enter physical AI and intelligent capabilities become broadly accessible, more participants will join in exploring a rich variety of new product forms, and the pace of hardware iteration will accelerate across the board.

The market is not short of purchasing power — it is short of products that can create new consumer demand.

New productive forces will generate vast new demand, and ordinary developers will be able to complete product design independently, unleashing a continuous stream of innovation. ENCOS will keep honing its core components and solutions, working with customers to meet the maintenance challenges of large-scale deployment ahead, and helping industry partners innovate boldly amid the AI wave."

— Zonghuang Zhu, founder of ENCOS