- LG Energy Solution’s cylindrical batteries to power Bear Robotics’ service and logistics robots starting from next year
- In addition to exclusive battery supply agreement, companies will collaborate on technology
- Partnership with Bear Robotics demonstrates LG Energy Solution’s commitment to expanding into new business areas, and its reputation for outstanding product safety
SEOUL, November 18, 2024 – LG Energy Solution today announced that it has signed a Memorandum of Understanding (MoU) with Silicon Valley-based mobility innovator Bear Robotics to become its exclusive supplier of cylindrical battery cells. The two companies will also work together on technological innovation.
The MoU confirms LG Energy Solution as the sole supplier of cylindrical batteries (2170) for Bear Robotics’ flagship robots, such as Servi Plus and Carti 100, starting next year. The agreement also promises cooperation on new technologies and fostering a strong partnership to reinforce both parties’ competitive edge in the burgeoning global robot market.
Bear Robotics, founded in 2017 by CEO John Ha, is a leading AI-powered robotics company renowned for pioneering the world’s first autonomous serving robots. With operations spanning 20 countries, Bear Robotics continues to redefine automation in public and industrial spaces.
The partnership with Bear Robotics is a testament to LG Energy Solution’s outstanding reputation for product safety. With most service and logistics robots operating in high-traffic public spaces, an uncompromising level of safety is required to ensure the well-being of people and the smooth operation of these automated systems. As a leader in safe battery solutions, LG Energy Solution applies differentiated materials and technologies such as high-quality NCMA cathode materials and reinforced ceramic-coated separators.
As with its partnership with Bear Robotics, LG Energy Solution plans to actively pursue new and innovative opportunities in the global robotics market, as well as in other applications beyond electric vehicles. As announced in October with its corporate vision, “Empower Every Possibility,” LG Energy Solution aims to balance its business portfolio by expanding into new areas, particularly those with high growth potential, such as Urban Air Mobility (UAM), vessels and robotics.