Agility Robotics, an Oregon-based company that builds humanoid warehouse robots, announced plans to go public through a SPAC merger that would value it at about $2.5 billion.

The company’s main product, Digit, is already used in industrial settings to move materials and is backed by major firms including Amazon, Nvidia, SoftBank, and Foxconn.

Unlike some competitors such as Tesla and Unitree, Agility focuses on practical “worker” robots designed for repetitive and physically demanding tasks rather than human-like appearance or entertainment features.

The company says demand is growing due to labor shortages, reshoring of manufacturing, and aging workforces, and it plans to scale production of its next-generation model, the AP has reported.

Agility expects a large future market for humanoid robots and aims to expand their use beyond warehouses into other industries over time.