Humanoid Global invests in Agility Robotics fund

Executive Summary

• Humanoid Global Holdings Corp. has committed to an indirect strategic investment of $145,000 (U.S.) into Agility Robotics, Inc., a leading manufacturer of commercially deployed humanoid robots.
• The investment is being made via a fund that holds shares of Agility Robotics and is currently awaiting a capital statement; the transaction remains subject to customary closing conditions and has not yet been completed.
• Agility Robotics is recognized for its flagship robot, "Digit," which is currently deployed in Fortune 500 companies for distribution and fulfillment tasks, addressing labor shortages in warehousing and manufacturing.

Key Details

• Investment Amount: $145,000 (U.S.).
• Investment Structure: Indirect strategic investment via a fund holding shares of Agility Robotics.
• Counterparty: Agility Robotics, Inc. (privately held U.S. company, founded 2015 as a spinoff from Oregon State University).
• Status: Committed but not yet completed; awaits capital statement and subject to customary closing conditions.
• Agility Robotics Profile:
  • Among the first companies to successfully deploy humanoid robots commercially.
  • Robots are in use by Fortune 500 companies.
  • Recently opened the first dedicated humanoid robot factory in Oregon.
  • Completed a $150-million funding round in 2022.
• Product Specifications (Digit Robot):
  • Designed to operate autonomously and safely in spaces intended for human use.
  • Carrying capacity: Up to 35 pounds.
  • Maneuverability: Can navigate narrow aisles.
  • Operational range: 5.5 feet.
  • Battery life: Up to four hours between autonomous charges.
  • Capabilities: Maintains dynamic stability and safety; handles roles in warehousing, logistics, and manufacturing.
• Strategic Rationale:
  • Agility Robotics focuses on augmenting, not displacing, the workforce by addressing repetitive, high-turnover, and injury-prone jobs.
  • Data captured from real-world deployments will inform future development for applications in hospitality and home settings.

Notable Quotes

• "With Agility Robotics' opening of the first dedicated humanoid robot factory in Oregon, Agility has established an early position in the industry by concentrating on practical applications in distribution and fulfillment, bringing tested technology to market while continuing to develop new innovations." — Shahab Samimi, CEO of Humanoid Global.
• "What we find notable is Agility Robotics' measured and practical approach: They are augmenting, not displacing, the work force. By addressing repetitive, high-turnover and often injury-prone jobs, Digit helps free up people for more complex and rewarding roles. This approach is already being applied in active factory settings." — Shahab Samimi, CEO of Humanoid Global.
• "This investment provides exposure to a company that is advancing robotics while also enabling collaborative applications between humans and machines in the workplace." — Shahab Samimi, CEO of Humanoid Global.