Agility Robotics, the innovative humanoid robotics startup originally established in 2015 as a spin-off from Oregon State University, has announced its intention to go public. This will occur through a merger with Churchill Capital Corp XI, a special purpose acquisition company (SPAC), in a transaction that values Agility Robotics at approximately $2.5 billion.
This strategic transaction is projected to generate over $620 million in total proceeds. A significant portion of this, around $200 million, will come from a consortium of new and existing institutional investors, according to the company's statement.
Agility Robotics is widely recognized for its flagship product, Digit, a sophisticated bipedal robot. Digit is currently deployed across nine customer sites, demonstrating its capabilities with notable partners such as Schaeffler, GXO, Toyota Motor Manufacturing Canada, and Mercado Libre.
The company has previously garnered substantial support from prominent technology firms and investment funds, including Amazon, Nvidia, SoftBank Vision Fund 2, and DCVC. The capital secured from the SPAC merger is earmarked for crucial initiatives: scaling up production capacity for its next-generation Digit v5, fulfilling existing customer orders, and expanding its reach to both new and current clientele.
Highlighting robust market demand, Agility Robotics has already secured multi-year orders exceeding $300 million for the new Digit model. Furthermore, the company reports a strong pipeline of over 30 potential customers actively evaluating large-scale deployments of its robotic solutions.
“Humanoid robots are poised to become a critical driver of productivity, supply chain resilience, and American technology leadership,” stated Agility CEO Peggy Johnson. She added, “With commercially deployed humanoids already operating in customer environments today, Agility is helping enterprises address labor shortages, improve efficiency, and safely integrate AI-powered automation into their operations.”
Upon completion of the merger, the newly combined entity is anticipated to commence trading under the ticker symbol AGLT. The listing will take place on a North American stock exchange, though the specific exchange has yet to be announced.
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