Humanoid robot developer Agility Robotics announced on June 24 that it will go public through a merger with SPAC company Churchill Capital Corp XI, with a valuation of approximately $2.5 billion. The deal is expected to secure over $620 million in funding, including approximately $200 million raised from new and existing institutional investors. Its flagship product, Digit, has already been deployed in commercial settings.
Digit Deployed in 9 Commercial Sites, Digit v5 Secures Over $300 Million in Multi-Year Orders
Digit is a humanoid robot with two arms and two legs, having accumulated thousands of hours of real-world task execution in warehousing and logistics environments. The nine commercial deployment sites include Schaeffler, GXO, Toyota Motor Manufacturing Canada, and Mercado Libre, covering logistics and manufacturing applications. Agility Robotics stated that Digit v5 has secured over $300 million in multi-year orders, with more than 30 potential customers evaluating large-scale deployment plans.
Funds from the SPAC deal will primarily be used to scale Digit v5 production capacity, fulfill existing orders, and expand into new customer segments. Founded in 2015 and spun out of Oregon State University, Agility Robotics is one of the few U.S. companies to have successfully introduced humanoid robots into commercial settings.
Amazon Industrial Innovation Fund, Nvidia, and SoftBank Vision Fund 2 Among Shareholders
Agility Robotics’ shareholder roster includes the Amazon Industrial Innovation Fund, Nvidia, SoftBank Vision Fund 2, and DCVC. These strategic investors bring logistics automation use cases (Amazon), robotics simulation and AI computing ecosystems (Nvidia), and long-term capital support (SoftBank Vision Fund 2).
CEO Peggy Johnson stated in the announcement: "Humanoid robots are poised to become a key driver of productivity, supply chain resilience, and U.S. technology leadership. Through real-world deployments in customer environments, Agility is helping businesses address labor shortages, improve efficiency, and bring AI automation into operational workflows."
Post-Merger Company Expected to List on North American Exchange Under Ticker AGLT
The combined company is expected to list on a North American stock exchange under the ticker AGLT, though the specific exchange has not yet been disclosed. The SPAC merger target is Churchill Capital Corp XI, and the overall transaction is expected to provide over $620 million in funding, including approximately $200 million raised from institutional investors.
Frequently Asked Questions
What stage is Agility Robotics at in terms of commercialization?
Digit robots are currently deployed in nine commercial sites, including Schaeffler, GXO, Toyota Motor Manufacturing Canada, and Mercado Libre, performing warehousing and logistics tasks, and have secured over $300 million in multi-year orders for Digit v5. More than 30 potential customers are evaluating large-scale deployment.
What is the structure of Agility Robotics' SPAC listing?
Agility Robotics announced a merger with SPAC company Churchill Capital Corp XI. The transaction values the company at approximately $2.5 billion and is expected to generate over $620 million in funding (including about $200 million raised from institutional investors). The post-merger company is expected to list on a North American exchange under the ticker AGLT, with the specific exchange yet to be announced.
Who are Agility Robotics' major institutional shareholders?
Major shareholders include the Amazon Industrial Innovation Fund, Nvidia, SoftBank Vision Fund 2, and DCVC, which respectively bring logistics application scenarios, robotics AI computing ecosystems, and capital market resources.
