Manufacturer of humanoid robots plans to be quoted on Wall Street

A Agility Robotics, based in Salem, Oregon, today announced plans for a merger with an investment firm, which values it at $2.5 billion, which can make it the first listed company completely devoted to the construction and sale of humanoids.

Its competitors include Tesla, where its president, Elon Musk, presented its humanoid prototype Optimus as the future of automobile production.

Designed to grab and carry heavy loads, the main product of Agility, called Digit, is “the first humanoid robot used and commercially available in warehouses and industrial facilities,” said Michael Klein, co-founder and president of Churchill Capital Group, who manages the company dedicated to special purpose acquisitions (SPAC) that intends to merge with Agility at the end of the year.

During a video conference with investors, on Wednesday, Klein said that the company had the support of Amazon, Nvidia, SoftBank and Foxconn, Taiwanese electronics producer.

Among its first customers are Toyota, the supplier of industrial parts Schaeffler and the Libre Market, the Latin American conglomerate of e-commerce.

Executive president Peggy Johnson said Digit specializes in manual labor that for humans it would be repetitive, dirty and prone to injury.

Co-founder and chief robot producer Jonathan Hurst told investors that the next versions of Digit will be able to work with humans in warehouses and industrial facilities.

He even admitted his future use in hospitality, domestic service and care for the elderly.

Agility is a company that came from a robotics lab at Oregon State University.