Humanoid robotics pioneer Agility Robotics has agreed to go public through a merger with Churchill Capital Corp XI, valuing the Oregon-based company at a pre-money equity value of $2.5 billion. The transaction is expected to generate more than $620 million of gross proceeds, including a roughly $200 million private investment in public equity financing led by Foxconn, and the combined business will trade on a major North American exchange as Agility under the ticker AGLT.
Digit v5 order book hits $300M
The company says its Digit humanoid has logged more than 65,000 hours of operation across nine customer facilities including Schaeffler, GXO, Toyota Motor Manufacturing Canada and Mercado Libre. Agility has secured more than $300 million of multi-year orders for its next-generation Digit v5 — pitched as the first AI-enabled, cooperatively safe humanoid designed to work in shared industrial environments — with a customer pipeline of more than 30 companies.
NVIDIA Halos and Google DeepMind on the roadmap
Agility also flagged its partnerships with Google DeepMind and NVIDIA, which recently selected it as the launch partner for NVIDIA Halos, a safety platform for physical AI and humanoid robotics. Digit v5 is supported by Agility's proprietary physical AI stack for perception, reasoning and motion, and by the cloud-based Agility Arc fleet management platform.
RoboFab and a $1T US TAM
Agility's RoboFab manufacturing plant in Oregon is designed to build up to 10,000 humanoid robots a year, with roughly 75 percent of Digit's bill of materials sourced in the United States. CEO Peggy Johnson pitched the SPAC as a leverage point on a US manufacturing, distribution and logistics market management estimates at about $1 trillion. The deal joins a growing wave of humanoid IPOs and listings, from Rokae Robotics' HK$875M Hong Kong debut to the 1X NEO hand launch. Boards of both companies have unanimously approved the transaction, which is expected to close later this year subject to shareholder and regulatory approvals.
Reporting based on coverage from Robotics & Automation News and Agility Robotics.