Event
Bear Robotics receives USD 60M strategic investment from LG Electronics
Key points
- LG Electronics invested USD 60 million in Bear Robotics through a stock purchase agreement.
- The deal gave LG a 21 percent stake and a call option to acquire up to an additional 30 percent.
- LG framed the investment as part of its strategy to expand its service-robotics business.
Company context
Bear Robotics builds autonomous mobile robots for hospitality, service and indoor logistics environments. Its product lineup includes Servi and Servi Plus for food running and table bussing, Servi Clean for cleaning workflows, and Carti AMRs for warehouse, factory and material transport use cases.
Context
- Company
- Bear Robotics
- Segment
- Service
- Event type
- Funding
- Geography
- Redwood City, California · United States