A few days ago (November 18, 2024), LG Energy Solution officially announced the signing of a memorandum of understanding (MoU) with Bear Robotics, a Silicon Valley company, announcing that it will become the exclusive supplier of its cylindrical battery cells. This cooperation not only marks the deep integration of the two companies in the field of battery technology, but also indicates the close integration of robotics technology and battery technology, which will bring new development opportunities to the global robot market.
1. Bear Robotics：Pioneer of AI-powered indoor autonomous delivery robots
Since its establishment in 2017, Bear Robotics has been committed to the research and development of artificial intelligence-based indoor autonomous delivery robots. Its products Servi Plus and Carti 100 have been widely used in many fields such as catering, hospitality, and medical care. The successful operation of these robots is inseparable from efficient and safe battery technology. The 2170 cylindrical battery provided by LG Energy Solution is the key power behind these robots.
Pictured: LG new energy exclusively supplies the 2170 model battery for the Bear Robotics robot
2. LG Energy Solution's Model 2170 Battery: Safety and Efficiency
LG Energy Solution's Model 2170 battery uses high-quality NCMA cathode materials and reinforced ceramic-coated separators, and the application of these technologies ensures the safety and reliability of the battery. Service and logistics robots operating in high-traffic public spaces require an uncompromising level of safety to ensure the safety of people and the smooth operation of these automated systems. LG Energy Solution's battery technology undoubtedly provides a solid safety guarantee for Bear Robotics' robots.
3. Technological innovation: LG Energy Solution and Bear Robotics are the common pursuit
In addition, LG Energy Solution and Bear Robotics also cooperate in technological innovation. This collaboration will not only strengthen the competitive advantage of both companies in the fast-growing global robotics market, but also drive the further development of robotics. Through this collaboration, the two companies can work together to develop new technologies that improve the performance and efficiency of robots to meet the needs of the market.
4. $60 million in fundraising: Bear Robotics' market expansion and technology upgrades
On the financial front, Bear Robotics successfully closed a Series C funding round led by LG Electronics in March 2024, raising $60 million. The injection of this fund not only provides financial support for the further development of Bear Robotics, but also provides a solid foundation for the cooperation between LG Energy Solution and Bear Robotics.
5. Future Trends in the Robotics Market: Service Robots in More Areas
From a market perspective, the development trend of the robot market in 2024 indicates that service robots will be used in more fields. With the advancement of technology, robots will not only be tools to perform simple tasks, but also intelligent and collaborative partners, profoundly affecting our work, life and society. LG Energy Solution's partnership with Bear Robotics is a reflection of this trend.
6. LG Energy Solution's Global Vision: Expanding into New Areas
LG Energy Solution plans to actively pursue new innovation opportunities in the global robotics market as well as other applications beyond electric vehicles. As outlined in its corporate vision "Empowering Every Possibility" announced in October, LG Energy Solution aims to balance its business portfolio by expanding into new areas, especially those with high growth potential, such as urban air mobility (UAM), marine, and robotics.
7. Bear Robotics' Global Footprint: Redefining Automation in Public and Industrial Spaces
With a presence in 20 countries, Bear Robotics continues to redefine automation in public and industrial spaces. This global layout not only brings a broader market space for Bear Robotics, but also provides a broader display platform for LG Energy Solution's battery technology.
8. Conclusion: Technological innovation leads the future of the robotics market
In summary, LG Energy Solution's collaboration with Bear Robotics is a prime example of the important role that technological innovation plays in driving the development of the industry. Through this cooperation, the two companies will not only be able to strengthen their own market competitiveness, but also promote the further development of robotics technology, which will bring more possibilities to the future robot market. With the continuous advancement of technology and the continuous expansion of the market, we can expect that robots will play a greater role in more fields and bring more convenience and innovation to human society.
The cooperation between LG Energy Solution and Bear Robotics not only brings new development opportunities to the robot market, but also provides a new direction for the development of battery technology. This cooperation model indicates that the deep integration of robotics technology and battery technology in the future will bring more innovation and breakthroughs to the global robot market. With the deepening of the cooperation between LG Energy Solution and Bear Robotics, we can expect that robotics technology will play a greater role in more fields and bring more convenience and innovation to human society.
