While it’s true the VC world has gone SPAC-happy, the reverse merger method hasn’t been a huge driver in robotics thus far, with some notable exceptions like Berkshire-Grey. This morning, however, Utah-based Sarcos Robotics announced plans to board the SPAC train, courtesy of Rotor Acquisition Corp.
The deal could potentially value the robotic exoskeleton maker and blank check co. at a combined $1.3 billion, along with a potential $281 million earn-out. Sarcos is, of course, one of a number of companies currently exploring the robotic exoskeleton category. So, what sets the company apart, beyond some heavy-duty James Cameron-style design language?
Partnership are always a big motivator. Sarcos lined up a pretty big one way back at CES 2020. It was positioned at the center of Delta’s big tech push at the trade show.
“Delta’s employees are the key ingredient to our success, and we are committed to reducing on-the-job…