TMTPOST — Smart-residential company Habitat has completed a Series A round of RMB 700 million, according to a report published Wednesday. The financing was led by the Changzhou Xinbei District Science and Technology Innovation Fund. Proceeds will support construction of the company’s AI smart-residential global headquarters and research center in Changzhou, an embodied-intelligence laboratory, and a production-grade AI design and delivery system. Founded by former Li Auto co-founder and president Shen Yanan, Habitat positions itself as a lifestyle-intelligence technology firm that applies automotive-style product development to integrated smart homes. The company previously raised a combined RMB 653 million in earlier rounds in 2024 and has established direct-sales networks in seven Chinese cities, with annual contracted scale exceeding RMB 1 billion.