Mobileye has entered into a definitive agreement to acquire Mentee Robotics, an AI-first humanoid robotics startup, in a transaction valued at $900 million, as the company moves to broaden its focus beyond autonomous driving into what it describes as “physical artificial intelligence”.
Under the terms of the deal, the consideration will comprise approximately $612 million in cash and up to 26.2 million shares of Mobileye Class A common stock, subject to certain adjustments. The transaction is expected to close in the first quarter of 2026, pending customary conditions.
Mobileye said the acquisition brings together its autonomy stack and automotive-grade production experience with Mentee’s vertically integrated humanoid robot platform and AI talent.
The company said Mentee’s first on-site proof-of-concept customer deployments are expected in 2026, with series production and commercialization targeted for 2028.
“Today marks a new chapter for robotics and automotive AI, and the beginning of Mobileye 3.0,” said Prof. Amnon Shashua, president and CEO of Mobileye.
“By combining Mentee’s breakthroughs in humanoid robotics with Mobileye’s expertise in automotive autonomy, and its proven ability to productize advanced AI, we have a unique opportunity to lead the evolution of physical AI across robotics and autonomous vehicles on a global scale.”
Mentee Robotics was founded four years ago and has focused on developing a cost-efficient humanoid platform designed for scalable deployment.
Its approach emphasises simulation-first training, few-shot learning, and vertically integrated hardware, including proprietary actuators, motor drivers, robotic hands, and hot-swappable batteries.
“I am immensely proud of what Mentee’s multidisciplinary team has accomplished in just four years,” said Prof. Lior Wolf, CEO of Mentee Robotics.
“Joining forces with Mobileye gives us access to unparalleled AI infrastructure and commercialization expertise, accelerating our mission to bring scalable, safe, and cost-effective humanoid solutions to market.”
Following completion, Mentee will operate as an independent unit within Mobileye. The transaction was approved by Mobileye’s board and by Intel, Mobileye’s largest shareholder. Prof. Shashua recused himself from the board’s deliberations due to his role as a shareholder in Mentee.
Mobileye said the acquisition is expected to increase operating expenses in 2026 by a low single-digit percentage.
