1X, a Norway-based company developing humanoid robots, has announced a deal to make up to 10,000 robots available to companies in EQT’s investment portfolio.

EQT Ventures, the venture capital arm of EQT, has been an investor in 1X since 2023.

The agreement is structured as a memorandum of understanding rather than a binding purchase, and does not commit EQT or its companies to buy any robots.

EQT said its goal is to give portfolio companies an opportunity to evaluate how humanoid robots could be used to address labor shortages or operational challenges.

🔗 Source: Axios