Strategic Investment Aims to Accelerate Innovation Across LG's Commercial, Home and Industrial Robot Solutions

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LG ACQUIRES MAJORITY STAKE IN BEAR ROBOTICS TO BOLSTER ROBOTICS CAPABILITIES

LG Electronics said Friday it has decided to secure management rights to a California-based artificial intelligence (AI) robotics startup as part of its push to expand its robotics business.

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The Korea Times

Dongwha Enterprise

South Korea

LG Electronics to become largest shareholder in US-based robotics startup

LG Electronics is betting on robotics as its next big growth driver. The South Korean electronics company said on Friday that it has agreed to acquire an

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TechCrunch

Verizon Communications

LG Electronics takes majority stake in Bear Robotics, reportedly valuing startup at $600M

LG Electronics has taken a significant step in advancing its robotics capabilities by securing a majority stake in Bear Robotics, a prominent Silicon Valley-based startup specializing in AI-driven autonomous service robots. This acquisition aligns with LG’s strategy to strengthen its presence in the robotics sector, a key growth area for the company. LG’s board of […]

Robotics & Automation News

LG acquires majority stake in Bear Robotics

Strategic Investment Aims to Accelerate Innovation Across LG’s Commercial, Home and Industrial Robot Solutions SEOUL, Jan. 24, 2025 — LG Electronics (LG) has taken a significant step in advancing its robotics capabilities by securing a majority stake in Bear Robotics, a prominent Silicon Valley-based startup specializing in AI-driven autonomous service robots. This acquisition aligns with LG’s strategy to strengthen its presence in the robotics …

LG Newsroom

LG Acquires Majority Stake in Bear Robotics To Bolster Robotics Capabi

LG Electronics USA Inc. today announced that it has secured a majority stake in Bear Robotics Inc., an autonomous service robot developer in Silicon Valley. LG said the acquisition aligns with its strategy to strengthen its presence in the robotics sector, a key growth area for the company. “This additional investment underscores our dedication to positioning robots as a pivotal growth engine for the company, reflecting our belief in their inevi…

brandmarketingready.com

LG acquires majority stake in Bear Robotics #VideoMaker #SocialMedia #SocialMediaMarketing

Bear Robotics is a Silicon Valley-based startup company that was founded in 2017 and has gained recognition for its AI-powered indoor delivery robots, catering to markets in the US, South Korea, and Japan. Back in March 2024, LG made an investment of USD 60 million in Bear Robotics which secured LG a 21% stake and a call option agreement for up to an additional 30% stake. On January 22, 2025, LG’s Board of Directors exercised a call option to ac…

The Tech Outlook

LG acquires majority stake in Bear Robotics; Strategic investment aims to accelerate innovation across LG Commercial, Home and Industrial Robotic solutions - The Tech Outlook

LG Electronics, based in Englewood Cliffs, on Friday said that it has agreed to acquire an additional 30% stake in Bear Robotics, a California-based startup it backed with an initial $60 million investment in March 2024, which secured LG a 21 percent stake and a call option agreement for up to an additional 30 percent stake. Upon completion of the call option exercise, LG will hold a controlling 51 percent stake in Bear Robotics, effectively inc…

ROI-NJ

LG Electronics acquires majority stake in Bear Robotics to bolster robotics capabilities

SEOUL, South Korea, Jan 27, 2025 – LG Electronics (LG) has taken a significant step in advancing its robotics capabilities by securing a majority stake in Bear Robotics, a prominent Silicon Valley-based startup specializing in AI-driven autonomous service robots. This acquisition aligns with LG’s strategy to strengthen its presence in the robotics sector, a key growth area for the company. On Jan 22, LG’s board of directors exercised a call opti…

engineering.com

LG Acquires Majority Stake in Bear Robotics

Strategic investment aims to accelerate innovation across LG’s commercial, home, and industrial robot solutions.

LG ACQUIRES MAJORITY STAKE IN BEAR ROBOTICS TO BOLSTER ROBOTICS CAPABILITIES

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