Scaling up robotic imitation learning for real-world applications requires efficient and scalable demonstration collection methods. While teleoperation is effective, it depends on costly and inflexible robot platforms. In-the-wild demonstrations offer a promising alternative, but existing collection devices have key limitations: handheld setups offer limited observational coverage, and whole-body systems often require fine-tuning with robot data due to domain gaps. To address these challenges, we present AirExo-2, a low-cost exoskeleton system for large-scale in-the-wild data collection, along with several adaptors that transform collected data into pseudo-robot demonstrations suitable for policy learning. We further introduce RISE-2, a generalizable imitation learning policy that fuses 3D spatial and 2D semantic perception for robust manipulations. Experiments show that RISE-2 outperforms prior state-of-the-art methods on both in-domain and generalization evaluations. Trained solely on adapted in-the-wild data produced by AirExo-2, the RISE-2 policy achieves comparable performance to the policy trained with teleoperated data, highlighting the effectiveness and potential of AirExo-2 for scalable and generalizable imitation learning.