LG Electronics has taken a majority stake in Bear Robotics, a Silicon Valley-based company specializing in AI-powered autonomous service robots. The move is part of LG’s broader strategy to expand its presence in the robotics sector.
On Jan. 22, LG’s board of directors exercised a call option to acquire an additional 30% stake in Bear Robotics. The company initially invested $60 million in March 2024, securing a 21% stake and an option to increase its holdings. With the latest acquisition, LG will hold a 51% controlling interest, making Bear Robotics a subsidiary.
As part of the integration, LG’s commercial robot business, including its CLOi robot line, will be consolidated with Bear Robotics. The startup’s leadership, including CEO John Ha, will remain in place to maintain business continuity and develop synergies within LG’s robotics division.
Founded in 2017, Bear Robotics is known for its AI-driven indoor delivery robots, with deployments in the United States, South Korea and Japan. The company specializes in multi-robot control, remote fleet management and AI-based automation.
LG plans to strengthen its commercial robotics offerings through Bear Robotics while also applying its AI and manufacturing capabilities to home and industrial robot development.
The home robot segment will be spearheaded by the LG Home Appliance Solution Company, a renowned industry leader. The company’s focus will be on delivering a holistic experience where home robots, powered by LG’s Affectionate Intelligence, can astutely discern the well-being of family members and seamlessly integrate with home appliances and services.
