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LG Acquires Majority Stake of AI-Powered Robotics Startup

Jan 24, 2025 - cepro.com
LG is acquiring a majority stake in Bear Robotics, increasing its ownership from 21% to 51% by purchasing an additional 30% of the company. This acquisition aims to expand LG's presence in the commercial robot market and strengthen its home robotics business by integrating Bear Robotics' AI-driven autonomous service robots with LG's existing technology. Bear Robotics, founded in 2017, is known for its AI-powered indoor delivery robots and expertise in distributed multi-robot control and remote fleet management. The key management team, including CEO John Ha, will remain to ensure business continuity and focus on creating synergies within LG's commercial robot segment.

In addition to commercial applications, LG plans to leverage Bear Robotics' AI and manufacturing expertise to enhance its home and industrial robot segments. The LG Home Appliance Solution Company will lead the residential market initiative, focusing on integrating home robots with LG's "Affectionate Intelligence" technology to improve user well-being and connect with home appliances. LG is also preparing to launch its self-driving AI Home Hub, codenamed Q9, featuring multimodal sensing and autonomous navigation capabilities. This move aligns with LG's broader strategy to position robots as a key growth engine, as highlighted by LG Electronics Chief Strategy Officer Sam-soo Lee. The announcement follows Samsung's unveiling of its intelligent rolling robot, Ballie, at CES.

Key takeaways:

  • LG is acquiring a majority stake in Bear Robotics, increasing its ownership to 51% to expand its presence in the commercial robot market.
  • Bear Robotics, founded in 2017, specializes in AI-powered indoor delivery robotics and is known for its distributed multi-robot control and AI-powered platform.
  • LG plans to leverage Bear Robotics' expertise to enhance its home and industrial robot segments, with a focus on integrating AI technology into home appliances and services.
  • LG is preparing to launch its self-driving AI Home Hub, codenamed Q9, which features multimodal sensing capabilities and integrates Microsoft's AI platform Copilot.
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