Mobileye Global Inc. announced a $900 million acquisition of Israeli AI‑first humanoid‑robotics company Mentee Robotics Ltd. The transaction consists of approximately $612 million in cash and up to 26.2 million Mobileye Class A shares, with adjustments for any Mentee options that vest before closing. The deal is expected to close in the first quarter of 2026 and positions Mobileye as a leader in physical AI across both autonomous driving and humanoid robotics.
The acquisition is a strategic step toward Mobileye’s “Mobileye 3.0” vision, which seeks to combine its advanced driver‑assist technology with a general‑purpose robot platform. Mentee’s third‑generation, vertically integrated humanoid system and its deep AI talent will be integrated into Mobileye’s existing AI training infrastructure, creating cross‑domain data synergies that accelerate development of both vehicle and robot AI. The deal also expands Mobileye’s revenue pipeline, which management projects to reach $24.5 billion over the next eight years, a 40 % increase from January 2023 levels.
Mobileye’s recent financial performance provides context for the acquisition. In Q1 2025 the company generated $438 million in revenue, an 83 % year‑over‑year increase from Q1 2024, driven largely by new ADAS orders. In Q4 2024 revenue was $490 million, down 23 % YoY, largely due to a 20 % reduction in EyeQ SoC volumes caused by inventory build‑up at Tier 1 customers. The company’s operating expenses are expected to rise by a low single‑digit percentage in 2026, primarily reflecting investment in Mentee’s robotics platform and associated R&D. In December, Mobileye announced a 200‑employee layoff as part of a broader cost‑control program, underscoring the company’s focus on operational efficiency while pursuing new growth areas.
CEO Amnon Shashua said the deal “marks a new chapter for robotics and automotive AI, and the beginning of Mobileye 3.0.” He added that combining Mentee’s breakthroughs with Mobileye’s autonomy stack will “lead the evolution of physical AI across robotics and autonomous vehicles.” Lior Wolf, CEO of Mentee, noted that the partnership “provides a global platform for the company’s general‑purpose robots, accelerating commercialization.” The acquisition also signals confidence in the long‑term growth of the humanoid‑robotics market, which is projected to expand significantly by 2030.
Market reaction to the announcement was driven primarily by a new ADAS deal with a major U.S. automaker, which secured an order for roughly 9 million systems and reinforced demand for Mobileye’s core technology. Analyst upgrades from major banks followed the announcement, reflecting confidence in Mobileye’s autonomous‑driving business and its strategic pivot into physical AI. The combination of a strong ADAS win and analyst support has positioned the company favorably for future growth in both its traditional and new markets.
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