Israel-based Mobileye has signed a definitive agreement to acquire fellow Israeli artificial intelligence (AI) and robotics firm Mentee Robotics in a transaction valued at $900m.
The deal is intended to broaden Mobileye’s capabilities in physical artificial intelligence (AI), spanning autonomous driving systems and humanoid robotics.
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Under the terms of the agreement, the consideration is expected to consist of around $612m in cash and up to approximately 26.2 million shares of Mobileye Class A common stock.
The final amounts remain subject to adjustment, including changes related to the vesting of Mentee employee options ahead of completion.
Mobileye said the transaction is governed by a Share Purchase Agreement and remains conditional on customary closing requirements.
Completion is anticipated in the first quarter of 2026.
Following the acquisition, Mentee will continue to operate as an independent unit within Mobileye.
The company said the combination brings together its own AI technologies and large-scale production experience with Mentee’s third-generation humanoid robot platform and specialist engineering talent.
Mobileye president and CEO Amnon Shashua said: “Today marks a new chapter for robotics and automotive AI, and the beginning of Mobileye 3.0. By combining Mentee’s breakthroughs in humanoid robotics with Mobileye’s expertise in automotive autonomy, and its proven ability to productise advanced AI, we have a unique opportunity to lead the evolution of physical AI across robotics and autonomous vehicles on a global scale.”
Founded four years ago, Mentee has developed a cost-focused humanoid robotics system aimed at scalable real-world use.
Its approach centres on vertically integrated hardware and software, simulation-first training, human-to-robot mentoring and few-shot learning, with the goal of achieving autonomous operation without reliance on teleoperation.
Initial on-site proof-of-concept deployments are expected in 2026, with series production and commercial rollout planned for 2028.
Mobileye said the acquisition is designed to speed up the development of physical AI systems capable of understanding context, inferring intent and operating safely alongside people.
The company pointed to shared technical foundations between vehicle autonomy and humanoid robotics, including perception, world modelling, intent-aware planning, precision control and safety.
It also disclosed that it has an automotive revenue pipeline of $24.5bn over the next eight years, an increase of more than 40% compared with January 2023, driven by demand for advanced vehicle autonomy and core advanced driver assistance systems.
The transaction has been approved by Mobileye’s board of directors following a recommendation from a strategic transaction committee of independent directors, as well as by Intel, Mobileye’s largest shareholder and sole Class B shareholder.
Mobileye said the deal is expected to lead to a modest rise in operating expenses in 2026, amounting to a low single-digit percentage increase.
Mentee Robotics CEO Lior Wolf added: “Joining forces with Mobileye gives us access to unparalleled AI infrastructure and commercialisation expertise, accelerating our mission to bring scalable, safe, and cost-effective humanoid solutions to market.”
Earlier this week, South Korea’s Hyundai Motor Group revealed its AI robotics strategy at the Consumer Electronics Show in Las Vegas.
Central to this is the group’s focus on human-centric AI robotics, systems designed specifically to support people and work alongside them.
