LG Electronics has solidified its commitment to the robotics sector by acquiring an additional 30% stake in Bear Robotics, a California-based startup that develops AI-powered server robots for restaurants. This acquisition establishes LG as the majority stakeholder with a 51% ownership, aiming to strengthen its robotics capabilities. The investment aligns with LG's broader strategy to integrate Bear's technology into its existing commercial and industrial robotics units, especially following a significant prior investment of $60 million made earlier this year.
LG Electronics is significantly increasing its interest in robotics by acquiring a 30% stake in Bear Robotics, which specializes in AI-powered server robots for restaurants.
The acquisition positions LG with a 51% stake in Bear, marking a strategic move to enhance its robotics capabilities and integrate advanced technology into its existing units.
Collection
[
|
...
]