#agility robotics Tech News.
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Agility Robotics, a maker of humanoid warehouse robots, is going public on Wall Street. The move tests market demand for AI-powered humanoid machines that carry totes in warehouses. The bet is valued at $2.5 billion.
Agility Robotics is going public via a $2.5 billion SPAC, becoming the first US-listed pure-play humanoid robot company. The deal is expected to generate over $620 million for product development. Agility's Digit robot has logged 65,000 hours in operations with Toyota and GXO, and the company has over $300 million in pre-orders for the upcoming Digit v5.
Agility Robotics plans to go public through a merger with Churchill Capital Corp XI, valuing the company at roughly $2.5 billion. The deal is expected to generate over $620 million in proceeds. The company, known for its Digit robot, has secured more than $300 million in multi-year orders for its next-generation Digit v5.
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