Apptronik Raises $520M at $5B Valuation as Google Backs Apollo Humanoid Robot Push Toward Mass Production
Summary
Apptronik raises $520M at a $5B valuation with Google backing its Apollo humanoid robot, now being tested at Mercedes-Benz and GXO Logistics, with $1B in orders projected by 2027 as the company races toward mass production against Tesla and Chinese rivals.
Key Points
- Apptronik secures $520 million in funding at a $5 billion valuation, bringing its total Series A to $935 million, co-led by Google and B Capital to accelerate commercialization of its Apollo humanoid robots.
- Apollo humanoids are currently being tested in factories and warehouses with partners Mercedes-Benz, GXO Logistics, and Jabil, with plans to scale toward mass production as Apptronik expands in Austin and opens a new California office.
- Investors expect orders for $1 billion worth of Apollo robots starting in 2027, with units projected to cost around $80,000 per year, positioning Apptronik to outpace competitors including Tesla Optimus and Chinese humanoid developers.