Humanoid Robots Offer Europe Path to Stay in Tech Race [Yahoo! Finance Canada]
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Source: Yahoo! Finance Canada
Sweden's Hexagon AB has built a humanoid that's being tested at industrial clients including BMW AG. Germany's Neura Robotics GmbH just raised some €1 billion ($1.2 billion) from investors including Amazon.com Inc. and Qualcomm Inc., valuing the startup at about €4 billion. Local automotive suppliers Schaeffler AG and Robert Bosch GmbH are also betting on grabbing a share of the nascent market headlined by Tesla Inc. and Hyundai Motor Co. Hexagon's Aeon robot will surge in numbers from dozens now to “a few thousand” until 2030, said Arnaud Robert, head of robotics at the Stockholm-listed precision measurement group. “When that inflection point hits, the scale-up will be quite rapid.” Valued at 248 billion Swedish kronor ($26.4 billion), Hexagon is on track to fully commercialize the Aeon in 2026, taking only about three years to reach that milestone. It highlights the versatility of Europe's machine parts manufacturers as they try to counter waning orders from carmakers. Hexago
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