The humanoid robot maker Agility Robotics today announced plans to take the company public, saying the move could raise as much as $620 million to accelerate its mission “to build robot partners that augment the human workforce and lead the adoption of humanoids everywhere.”
Agility’s main product is the “Digit” model of humanoid robot, which it defines as a general-purpose, human-centric robot that is currently operating in manufacturing, distribution, and logistics environments to fill chronic physical labor shortages. Existing customers now using Digit to automate repetitive physical tasks include Schaeffler, GXO, Toyota Motor Manufacturing Canada, and Mercado Libre.
According to the firm, humanoid robot deployments today require robots and people to operate in segregated environments. But Agility believes that cooperative safety – the ability for robots to safely work alongside people in dynamic environments – is the critical requirement for broad humanoid adoption.
xxx-based Agility plans to make the transition through a merger with Churchill Capital Corp XI, a publicly traded special purpose acquisition company (SPAC). After the deal settles, the combined company is expected to operate under the name Agility and trade its stock under the ticker symbol “AGLT.”
Proceeds will support fulfillment of existing customer orders, expansion of commercial deployments, scaling of Digit v5 production, and continued investment in Agility’s integrated platform.
“Agility is at the forefront of a new era where safety-first, AI-powered technology can reliably work alongside people to bridge labor shortages, increase productivity, and strengthen the resilience of our supply chains,” Peggy Johnson, CEO of Agility Robotics, said in a release.
“We believe humanoids are at a meaningful inflection point in commercial adoption, and we are focused on meeting growing customer demand, expanding deployments, and advancing our roadmap across robotics, physical AI, safety systems, and enterprise software. As adoption accelerates, we believe Agility is positioned to address a market opportunity across manufacturing, distribution, and logistics environments in the United States that is estimated by management to be approximately $1 trillion,” Johnson said.
