Humanoid developer Agility now plans to raise $465 million in SPAC deal

Humanoid robotics developers continue to raise millions of dollars. Agility Robotics Inc. and Churchill Capital Corp XI said today they expect Agility to raise approximately $465 million in the proposed merger with the special purpose acquisition company, or SPAC.

According to Agility, the gross capital increase includes:

• Approximately $164 million from Churchill XI’s trust account
• Approximately $201 million from a committed common equity PIPE (private investment in public equity) at $10 per share, led by Foxconn with participation from existing and new institutional investors
• $100 million in equity financing already received following business combination announcement

That total is less than the $620 million Agility had forecast at a $2.5 billion valuation when it first announced the planned business combination in June. The robot report has reached out to the company for comment and will add it if we receive a response.

“Agility is expected to enter the public markets well-capitalized to execute planned investments in commercial expansion and support growing customer demand,” the Salem, Oregon-based company said.

Agility expects to close the SPAC transaction, subject to shareholder approval and customary closing conditions, on November 4. The company said it will be the first publicly traded pure-play humanoid provider in the United States with commercial deployments.

Agility prepares Digit for customers

Last month, Agility unveiled its Digit 5 ​​humanoid, which features new legs (and perhaps wheels) and is designed to work safely alongside people and support a variety of workflows. Last week, Jonathan Hurst, co-founder and chief robot officer, and Pras Velagapudi, the company’s chief technology officer, spoke about the advancements of humanoids at RoboBusiness 2026.

Agility this month also chose Nyobolt for fast charging, which will allow its robots to run for more than 20 hours a day.

The company said it is “on track to begin deliveries to early access customers in the first half of 2027, with general availability expected in late 2027.” Agility also said it has more than $300 million in multi-year orders committed for Digit 5.

Use cases for humanoids are growing

Digit continues to make progress in live operations. In a September S-4 filing with the U.S. Securities and Exchange Commission, Agility reported net sales of $1.8 million in 2025. Its customers at nine sites include Toyota, Mercado Libre and Schaeffler.

AGCO this month announced plans to implement Digit at its agricultural equipment factory in Kansas.

And this week, Agility said it is expanding its partnership with GXO Logistics, deploying humanoids in North Carolina and Tennessee.

Humanoid companies continue to raise funds and acquisitions

Agility’s investors include NVIDIA (with whom it has also expanded its relationship), Amazon, SoftBank Vision Fund 2, Schaeffler, Foxconn, Abico, DCVC and Playground Global. The company said all existing shareholders will roll over their equity into the combined company and will be subject to a 180-day lock-up at closing.

Some of the major fundings for humanoid companies so far this year include Neura Robotics’ $1.4 billion Series C, XPeng Robotics’ $900 million Series A, A.I.² Robotics’ $735 million Series C and Apptronik’s $520 million Series AX.

Major acquisitions include UBTECH’s purchase of Fenglong Electric for $249 million and Faraday Future’s purchase of FF Robotics this week.