"The robotics company announced a strategic partnership to make thousands of its humanoid robots available for EQT's portfolio companies on Thursday. EQT is a large Swedish multi-asset investor, and its venture fund EQT Ventures, is one of 1X's backers. This deal involves shipping up to 10,000 1X Neo humanoid robots between 2026 and 2030 to EQT's more than 300 portfolio companies with a concentration on manufacturing, warehousing, logistics and other industrial use cases."
"When the company opened up pre-orders for the $20,000 robot in October, the announcement was focused on how the robot would operate in someone's home from descriptions of the different chores that the robot is able to perform and how it interacts with people. This deal is quite a different use case. That's likely because humanoids for the home will remain a hard sell for quite some time while industrial use cases are an easier sell."
1X entered a strategic partnership to make thousands of Neo humanoid robots available to EQT's portfolio companies, targeting manufacturing, warehousing, logistics and other industrial applications between 2026 and 2030. Individual purchase agreements will be signed with interested portfolio companies. The Neo has been promoted as a consumer-ready humanoid for household chores and interactions, and 1X separately offers an industrial robot called Eve Industrial; the EQT arrangement specifically involves the Neo. The Neo's $20,000 price point limits consumer demand, and the product raises privacy concerns because 1X human operators can view the robot's camera feed inside homes, while size and instability create potential safety risks for pets and small children.
Read at TechCrunch
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