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Humanoid robots have officially transitioned from a "moonshot" to an industrial arms race.

The promise is bold. Robots that can navigate factories, warehouses, and eventually homes, using the same tools and spaces designed for humans.

Capital is flowing at a record pace, and humanoid robotics has entered its "no turning back" phase. The operational reality, however, is more nuanced. Battery life remains a bottleneck, dexterity is difficult to master, and transferring intelligence from a digital environment to the physical world remains a significant hurdle.

Scaling this hardware requires a European operating system upgrade. Martin’s The Leap column looks beyond robotics to the political 'founder mode' required to rebuild the continent's competitiveness.

In this week’s edition of Deep Tech Now, we dive deep into robotics and manufacturing:

  • A breakdown of Europe’s top 5 humanoid startups (Series A+)

  • Five essential takeaways from Plug and Play’s latest humanoid robotics report to help you navigate the humanoid blueprint for scale

  • A short interview with Ronja Stoffregen, Director of Corporate Venturing at REHAU New Ventures, on how a €4bn polymer processor industrial group works with startups

Plus, win a 45-minute leadership coaching session with Egon Zehnder’s Klaus Eberhard.

Enjoy the read — and keep your eyes on the robots.

THE LEAP | BY MARTIN SCHILLING

On Politics in Founder Mode

At an age when most politicians were still climbing the ladder carefully, this man stepped off it entirely. Instead of consolidating power inside the system, Emmanuel Macron walked out and built his own movement.

Over the past weeks, I’ve spoken with many Millennials and Gen Zs. Again and again, I heard the same sentence: “The deal no longer works.” The reflex today is no longer to found movements—but to leave Europe. And who could blame them? Rising geopolitical risks and the prospect of military service. Being told they don’t work hard enough. Climate anxiety. A bleak economic outlook.

But another side of the story gives me hope.

Last year, I personally witnessed several new political initiatives forming quietly across Europe. We have seen a first wave of political startups: En Marche (France), Ciudadanos (Spain), NEOS (Austria), Yesh Atid (Israel). Imperfect, yes—but successful in breaking open closed systems. Now, a second wave emerges. Less visible. Earlier stage. A new kind of political entrepreneurship. 

I love this attitude. These people do not complain. They go into political founder mode. They don’t build companies—but movements and parties.

If Europe is serious about its future, we need movements with the courage to drive paradigm shifts. Here are five ideas of what those shifts could look like:

1. Presidential democracies with real executive power.

How do we escape lazy coalition compromises while safeguarding democracy? Today, many European systems operate with handbrakes pulled tight. Why not loosen them and enable faster leadership changes? Give presidents or chancellors the power to issue a limited number of executive orders without prior parliamentary approval, balanced by constitutional courts that can intervene quickly. Limit leaders to one re-election. Synchronize regional elections to a single mid-cycle point to end permanent campaigning.

2. The simplest tax law in the world.

From case-by-case fairness to radical simplicity. Why should citizens need tax advisors just to meet their civic duty? We must reset the tax code entirely: income, corporate, and consumption taxes—nothing else. Remove subsidies and exemptions at scale; lower rates instead. Replace receipts with flat allowances. Filing taxes should take minutes for individuals and hours for small companies, not weeks.

3. The leanest company regulation globally.

Make Europe the easiest place in the world to do business, with Singapore as the benchmark. Today, too many people are paid to design regulations. Let’s cut up to 50% of those positions and shift capacity to implementation. Fewer people drafting supply chain due diligence laws; more people issuing building permits and IDs. At DTM25, Eric Schmidt suggested a radical idea: exempt tech companies under five years old from most regulation—except taxes, health, and safety. Done right, this would be transformative. Add "EU Inc.": company formation within 24 hours, anywhere in Europe.

4. The flexicurity system at scale.

Less job status protection, more mobility. Reduce dismissal protection for high earners, balanced by a strong social safety net and active job placement. Merge hundreds of fragmented social benefits into one unified program, administered in one place.

5. The largest capital market in the world.

Build a deep, liquid capital market with unified insolvency and listing rules. The state acts as an anchor investor at growth stages. Fast-track IPOs. Dual-class shares. Most importantly, pension funds and insurers must allocate at least 5% of their assets to venture and growth capital. Italy has shown the way: under Giorgia Meloni, tax incentives now reward pension institutions that invest in venture capital. If widely adopted, this could redirect €12–13 billion into Italy’s ecosystem. Applied to Germany, a similar approach could unlock €15–20 billion in additional venture and growth capital.

Let’s not default to voting for extremists. Let’s have the courage to build new political movements instead.

Here’s to a year of political founder mode,
Martin

VENTURE CLIENTING CHRONICLES

Ronja Stoffregen – Director Corporate Venturing REHAU New Ventures

Ronja Stoffregen is Director of Corporate Venturing at REHAU New Ventures, where she leads Venture Clienting, Venture Capital, and Venture Building to bring startup innovation into the REHAU Group. REHAU is a global polymer-based solutions provider with €4 bn+ in revenue, operating across construction, automotive, industrial, and medical applications.

In which Deep Tech fields are you actively seeking startup collaborations right now?

As a global leader in polymer-based system solutions across Window Solutions, Building Solutions, Furniture Solutions, Industrial Solutions, we focus on deep tech that delivers tangible industrial impact. At REHAU New Ventures, we prioritise industrial AI for production and quality optimisation, energy and resource efficiency technologies, flexible automation and robotics, digital twins for operational decision-making, and secure enterprise AI, all with a clear path to deployment and measurable ROI in existing operations.

What is your top advice for startups aiming to partner with REHAU New Ventures?

Approach us with a clear industrial use case and a concrete value proposition—not just a technology pitch. The greatest impact emerges when we work closely with the business, understand industrial realities, and focus early on measurable outcomes and a clear path to scale. Venture clienting works best when both sides see each other as partners with a shared goal: turning pilots into real operational value.

What helps most in moving from PoC to a commercial partnership?

Delivering real business impact: Startups succeed when they solve a concrete operational problem, demonstrate measurable cost or efficiency gains, and design the pilot with scaling in mind from day one. Clear KPIs, business ownership, and early alignment on what “success” means make the difference.

What's one book, habit, or life experience that has shaped how you approach open innovation?

Staying open-minded and resilient. Some of the most meaningful innovation partnerships, and in fact all of my roles, have emerged from unexpected conversations after keynotes, during travel, or in informal settings. Open innovation and business in general work best when you stay curious, listen deeply, and are prepared to act when opportunity shows up. #BornReady

If you could put up a billboard at every major airport in Europe, what would it say?

The true purpose of education is to drive meaningful change.

DEEP TECH OPEN | ROBOTICS

Europe’s Top 5 Humanoid Robots Startups | Series A+ (up to $220 m)

NEURA Robotics | Metzingen, Germany

  • Technology: Cognitive and humanoid robots built to perceive, learn, and interact with human environments — including the 4NE-1 humanoid.

  • Customers: Big corporations from industry, logistics, manufacturing, healthcare, such as Schaeffler (major German automotive supplier; placed multi-thousand humanoid orders & joint development of robot components), Kawasaki (platform partnership to accelerate collaborative robotics), and Vodafone (5G network integration for robot connectivity).

  • Use cases: Assistive and cognitive robotics for human-robot collaboration in structured environments.

  • Funding: ~$124 m Series B (Jan 2025), led by Lingotto Investment Management with participation from HV Capital, BlueCrest & others.  

  • Why it matters: Europe’s most funded humanoid-leaning robotics startup, aggressively scaling both R&D and early commercial deployment. Neura Robotics

NEURA isn’t just building humanoids — its robots like 4NE1 can see, hear & feel touch thanks to proprietary sensory and AI systems, and the company has created a whole “Neuraverse” ecosystem (like an app store for robotics skills).

1X Technologies | Moss, Norway 

  • Technology: Full-body android/humanoid robots designed for general-purpose assistance.

  • Customers: Enterprise and consumer environments (future markets); strategic partnership with EQT Ventures to deploy up to ~10,000 humanoids across manufacturing, warehousing, logistics and industrial settings all throughout EQT’s portfolio between 2026 and 2030.

  • Use cases: Domestic assistance, logistical and repetitive task support, and embodied AI.

  • Funding: ~$100 m Series B (Jan 2024) led by EQT Ventures with Samsung NEXT participation 

  • Why it matters: One of Europe’s few humanoid ventures with significant Series B backing, signalling strong investor conviction.

Agile Robots | Munich, Germany

  • Technology: Industrial humanoid robot (Agile ONE) designed to work alongside humans in factories using physical AI.

  • Customers: Industrial automation and manufacturing sectors, esp. across automotive & consumer electronics supply chains; Deutsche Telekom & NVIDIA (anchor customer for Europe’s Industrial AI Cloud project, training the robotics AI stack)

  • Use cases: Human-robot collaboration on production floors, repetitive or hazardous task handling.

  • Funding: $220 million Series C (Sep. 2021), led by Softbank, accompanied by Abu Dhabi Royal Group, GL Ventures, Sequoia China, Linear Capital, Xiaomi Group, Foxconn Industrial Internet and Midas.

  • Why it matters: Now entering series production of an industrial humanoid directly challenging large global players — rare at this stage for a European robotics startup.

The humanoid Agile ONE will be manufactured in-house in Bavaria and combines highly dexterous hands with layered AI trained on one of Europe’s largest real-world industrial datasets.

Engineered Arts | Falmouth, UK

  • Technology: Social/interactive humanoid platforms (e.g., Ameca) with expressive human movement and a human engagement focus.

  • Customers: National Robotarium (Scotland) installed Ameca unit for research & public engagement; many corporates, like VW, Bloomberg and others rented robots for various events

  • Use cases: Research, entertainment, human-robot interaction, and public engagement.

  • Funding: $10 m Series A (Dec 2024) toward commercialisation scaling.

  • Why it matters: Engineered Arts leads in expressive humanoid interactions and real—world installations that bridge research and showcase applications. 

PAL Robotics | Barcelona, Spain

  • Technology: Humanoid and service robots (e.g., REEM, TIAGo) for research and real environments.

  • Customers: Research labs, universities, enterprise integrations.

  • Use cases: Human-robot interaction, prototyping and applied robotics research.

  • Funding: Multi-stage private backing, research grants, several ongoing EU project fundings (Series A+ maturity in ecosystem terms).  

  • Why it matters: Established European humanoid developer with two decades of product and research deployments

PAL Robotics has been building humanoid platforms since the early 2000s, with models like REEM-C capable of recognising and grasping objects while avoiding obstacles, traits originally developed more than a decade ago

THE PULSE

Why 1 Human Still Beats 4 Humanoid Robots

Humanoid robotics is officially big business: $1.5B+ was invested in 2024*, and pilots are popping up everywhere. But the Humanoid Robotics Report by Plug and Play makes one thing clear — we’re still early.

The report dropped last month, and you can preview the teaser here. It features high-value visualisations that benchmark global markets and clarify the critical distinctions between full, semi, and humanoid-like form factors.

Here are our five key takeaways:

  1. The money is real: Humanoid robotics has gone from niche to big money — over $1.5 billion invested in 2024 alone*, with major rounds like 1X and Figure AI signaling serious capital interest.

  2. Battery life is the hidden bottleneck: While most startups claim 4–6 hours of battery life, the operational reality is closer to 1 hour of active task performance. This means it currently takes 4 robots to match the output of a single human shift.

  3. Humanoid form factor is inevitable, but hard: The report stresses that full humanoids—complete with two legs, arms, and manipulation skills—are significantly harder to commercialise than the current hype suggests.

  4. Software beats hardware (for now): Advances in perception, reasoning, and locomotion (AI stacks & sensor fusion) are driving capability forward, but fine manipulation and 3D spatial awareness remain key challenges.

  5. Enterprises are already testing — cautiously: Major corporations are piloting humanoids for logistics tasks like shelving and conveyor transfers, even though uptime and reliability still lag behind human performance.

*The report was released in late 2025, before full-year figures were available. However, early data from Forbes indicates that investors committed about $4.6 billion to the humanoid robotics industry in 2025, roughly triple the 2024 total.

ECOSYSTEM GIFT

Make Smart People Decisions in 2026: A Conversation with Egon Zehnder’s Klaus Eberhard

Great companies are shaped by the quality of their people decisions. Few are as costly as hiring or investing in the wrong leaders.

What distinguishes scale‑up successes from companies that stall is leadership that evolves in step with growth. This includes:

  • Individual Founders with the self-awareness to recruit leaders with complementary competencies  

  • Leadership Teams who acknowledge that their relationship is part of a successful growth story, and actively invest in it

  • Organisations that provide clear career advancement and skill enhancement opportunities to attract and retain great talent

In his article How Successful Founders Make Smart People Decisions, Klaus Eberhard explores how leaders navigate these success factors – a perspective that also forms the basis for an exclusive 45‑minute coaching session.

Klaus is head of the Stuttgart office of Egon Zehnder, Europe’s leading Executive Search and Leadership Advisory firm. He combines a background in industrial strategy from McKinsey with deep expertise in leadership advisory, placement of board members, CEOs, and governance. He has worked extensively with Deep Tech scaleups – from electromobility to fusion energy.

Whether you are a founder or investor, Klaus works with you to reflect, grow and lead with intention.

➔ Register your interest here.

Last Week’s Winner: Congratulations to Bettina Scheibe, who won an iconic Deep Tech Momentum hoodie!

Thank you for reading this far. If you value the insights in Deep Tech Now, here are two ways to get closer to our community:

1. Apply for SPARTA: Request an invitation to Europe’s premier defence innovation marketplace at MSC 2026 (12.2.2026). Apply here.

2. Became a Guardian of European Deep Tech: Are you a senior leader seeking commercial partnerships with Europe’s leading Deep Tech startups and SMEs? Successful applicants join Deep Tech Momentum’s Guardian network, receiving complimentary VIP access to our flagship event in May. Apply here.

Isabelle and Martin
Co-Founders, DTM

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