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German Robotics Startup Agile Robots Set to Double Revenue This Year
Agile has signed customer contracts underpinning this year’s projected revenue and has so far raised about $1.5 billion from investors led by SoftBank Group
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Since it was founded in 2018, Agile Robots has acquired more than a dozen companies.Sean Gallup/Getty Images
MUNICH—German robotics startup Agile Robots is betting that its manufacturing expertise, not just advances in artificial intelligence, will lead to a surge in revenue and produce profits.
The company’s revenue last year was 300 million euros, equivalent to $345.9 million, and is set to double this year, helping it turn profitable in two to three years, Chief Executive Zhaopeng Chen said in an interview.
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