Hyundai buys robot dog maker Boston Dynamics

The $880 million deal is in line with the automotive group’s future mobility strategy

Published: June 22, 2021 15:54 Sony Thomas, Senior Editor

1 of 7

Hyundai Motor Group has acquired a controlling stake in US-based robotics firm Boston Dynamics for $880 million. The investment is part of the South Korean auto giant’s broader strategy to widen its footprint on future mobility technologies. Image Credit: Supplied

2 of 7

In December last year, the world's fifth-largest automotive group acquired an 80 percent stake in Boston Dynamics, which is famous for its dog-like robot Spot to leverage its robotics technology in other industrial areas. Image Credit: Supplied

3 of 7

The 70-pound quadruped robots with distinctly dog-like mobility was tested by Ford as part of its manufacturing pilot program designed to save time, reduce cost and increase efficiency. Image Credit: Supplied

4 of 7

Fluffy, the name given by the robot’s handler Paula Wiebelhaus, was one of the two models Ford leased from Boston Dynamics, known for creating sophisticated mobile robots. Image Credit: Supplied

5 of 7

Boston Dynamics is the established leader in developing agile, mobile robots that have been successfully integrated into various business operations. Image Credit: Supplied

6 of 7

The deal is also expected to allow Hyundai Motor Group and Boston Dynamics to leverage each other's respective strengths in manufacturing, logistics, construction and automation. Image Credit: Supplied

7 of 7

Boston Dynamics launched sales of its first commercial robot, Spot in June 2020 and now has hundreds of robots operating in a variety of industries, including power utilities, construction, manufacturing, oil and gas, and mining. The company also recently unveiled Stretch, its first commercial robot specifically designed for warehouse facilities and distribution centres. Image Credit: Supplied

Auto News

Hyundai buys robot dog maker Boston Dynamics

More From Auto

ADNOC expands ‘carbon-to-rock’ project in Fujairah after successful pilot

Supermarket operator Carrefour shutters Jordan outlets after boycott calls

UAE businesses see rise in October activity but not in new hiring: S&P Global

Eire Gulf appoints new managing director for UAE ahead of upcoming Saudi office expansion

GULFNEWS SECTIONS

Trending

Hyundai buys robot dog maker Boston Dynamics

More From Auto

ADNOC expands ‘carbon-to-rock’ project in Fujairah after successful pilot

Supermarket operator Carrefour shutters Jordan outlets after boycott calls

UAE businesses see rise in October activity but not in new hiring: S&P Global

Eire Gulf appoints new managing director for UAE ahead of upcoming Saudi office expansion

GULFNEWS SECTIONS