Apptronik
Pre-revenue hardware + robotics-as-a-service ambition: build and deploy Apollo humanoids for warehouse, logistics, and manufacturing labor, initially via paid commercial pilots (Mercedes-Benz, GXO) with a stated at-scale target price under $50K/unit; long-run model likely RaaS/leasing plus fleet software rather than one-time hardware sale. Apollo 3, teased Jun 2026, is positioned as the first true commercial product, with deployments targeted for 2027.
The Feb 2025 Series A and its Mar 2025 extension did not publicly disclose a headline valuation; the ~$1.8B figure is inferred from Bloomberg's '~3x the prior round' characterization of the Feb 2026 Series A-X (over $5.5B post-money). Series A-X valuationB uses Bloomberg's >$5.5B post-money; CNBC/TechCrunch cite a slightly lower ~$5-5.3B range.
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Earnings, margins & COGS, the income-statement breakdown, SWOT, moats & dependencies, the supplier–customer ecosystem graph, top signals & trends, and the valuation range.
- Income statement & margin structure
- SWOT, moats & dependency map
- Supplier–customer ecosystem graph
- Signals, trends & valuation range