Humanoid believes that robots are the future and is offering to expand its business in the vast robotic industry.

The British humanoid robot manufacturing company is considering ‌an initial public offering in the United States in 2029 or 2030 as it ramps up production and works through a growing industrial order book, its CEO said on Wednesday.

Artem Sokolov told Reuters the company preferred a U.S. listing venue. He said Humanoid had about 34,000 pre-orders for robots, with deliveries planned over the next three years, ‌and that these represented roughly $2.4 billion in future annual recurring revenue.

Furthermore, Humanoid was founded in 2024 by Sokolov and has no external investors, he said.

Sokolov added that he had invested about $100 million in the business so far, while he did not give a valuation target or further detail on the conditions that would trigger a flotation.

Robots are the future:

Notably, the announcement comes amid rapidly intensifying competition in humanoid robotics. Currently the most prominent robotic rivals include Figure AI, 1X Technologies, UBtech Robotics, and Tesla with its Optimus robot program.

Meanwhile, industry analysts expect the humanoid robot market to expand sharply over the rest of the decade as manufacturers look for automation solutions to labor shortages in logistics, factories, airports and healthcare.