Business
Mobileye To Acquire Mentee Robotics to Accelerate Physical AI Leadership
Combination brings world-class AI talent together to scale autonomous vehicles and humanoid robots globally LAS VEGAS--(BUSINESS WIRE)-- Mobileye today
About this update from Mobileye Global Inc.
[{"type":"text","content":"\nCombination brings world-class AI talent together to scale autonomous vehicles and humanoid robots globally\n\n\n LAS VEGAS--(BUSINESS WIRE)--\nMobileye today announced entry into a definitive agreement to acquire Mentee Robotics Ltd., an AI-first humanoid robotics company with a third-generation, vertically integrated humanoid robot. This transaction would combine Mobileye’s advanced AI technology and global production expertise with Mentee’s breakthrough humanoid platform and deep AI talent, creating a global leader in physical AI across two transformative markets: autonomous driving and humanoid robotics.\n\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260106774314/en/Mobileye and Mentee Robotics\nStrong traction in advanced vehicle autonomy and core ADAS technology has resulted in a current automotive revenue pipeline of $24.5 billion over the next eight years, up more than 40 percent compared to January 2023.1 This acquisition broadens the scope of the business with a decisive step toward Physical Artificial Intelligence in general: systems designed to understand context, infer intent, interact naturally with humans and act safely and effectively in the physical world in an economically scalable manner. The evolution of Mobileye’s autonomy stack over the last few years beyond goal-driven navigation toward holistic, context-aware and intent-aware reasoning, provides a natural foundation for general-purpose robots designed to operate productively alongside humans while meeting uncompromising safety requirements.\n\n\nThis acquisition will accelerate Mentee’s go-to-market strategy, with first on-site proof-of-concept deployments with customers expected in 2026. These deployments are intended to operate autonomously without teleoperation, and series production and commercialization are targeted for 2028.\n\n\nThe total consideration for the acquisition will be $900 million (subject to certain adjustments), comprising approximately $612 million in cash and up to about 26.2 million shares of Mobileye Class A common stock subject to adjustment based on the vesting of any Mentee options prior to the closing. The foregoing amounts are not final and are subject to adjustment pursuant to the terms of the Share Purchase Agreement. The transaction is subject to customary ...