Agility Robotics has agreed to merge with publicly traded special purpose acquisition company Churchill Capital Corp XI in a transaction valuing the combined firm at $2.5 billion. The deal is expected to generate more than $620 million in gross proceeds, including $420 million held in Churchill’s trust account and approximately $200 million in incremental financing led by Taiwan-based contract manufacturer Foxconn, with additional participation from Amazon, Nvidia, and SoftBank. The combined company is expected to list on a major North American exchange under the ticker symbol AGLT, with closing targeted by year-end. Both boards have unanimously approved the transaction.
The company is best known for its Digit humanoid robot, which has been deployed at GXO, Amazon, and Mercado Libre facilities for tasks including lifting boxes, stacking totes, and transferring items between mobile robots and conveyor belts. The current Digit v4 model stands at 5 feet 9 inches, can lift up to 35 pounds, and operates for up to 16 hours daily. Across nine customer facilities to date, Digit units have logged more than 65,000 operational hours. Last November, GXO disclosed that the robot moved more than 100,000 totes at its Flowery Branch, Georgia facility managing operations for Spanx.
Agility is now preparing for the commercial launch of Digit v5, which can lift up to 50 pounds, extend reach to 7.2 feet, and run for as long as 22 hours per day. Unlike previous models confined to fenced workcells, the v5 is designed to operate alongside human workers throughout warehouse facilities. The company says it has already secured more than $300 million in multi-year orders for the platform, subject to contractual milestones, with a pipeline of over 30 customers. SPAC proceeds will be directed toward fulfilling existing orders, scaling Digit v5 production, and expanding the company’s integrated stack across physical AI, software, safety systems, and manufacturing.
Agility’s vertical integration is a notable feature of its scaling strategy. The company operates Agility Arc, a cloud-based platform for fleet orchestration and deployment, and owns RoboFab, a Salem, Oregon manufacturing facility designed for production of up to 10,000 units annually. Roughly 75 percent of Digit’s parts are sourced within the United States. The SPAC route also distinguishes Agility’s path to public markets from peers that have remained private, including Figure AI, which was recently valued at $39 billion. Whether AGLT can convert its order pipeline into sustained revenue and meet operational milestones will be the key test of public-market scrutiny on humanoid robotics business models.
