Wandercraft targets €100m raise as Renault plans 350 humanoid robots
What's the deal? Wandercraft, the Paris robotics startup backed by Renault, is in talks to raise around €100 million (about $116 million), according to Bloomberg. Goldman Sachs is advising on the fundraising, which could value the company at roughly €750 million pre-money if completed. If the deal closes, it would become Wandercraft's biggest raise yet, just over a year after its $75 million Series D in June 2025.
Why now? Humanoid robotics has become one of the fastest-growing investment themes in tech. Startups in the category raised $8.6 billion in the first half of 2026 alone—already 1.8× the total raised across all of 2025, according to Dealroom data.
What's the endgame? Founded in 2012, Wandercraft built its reputation with the Atalante X rehabilitation exoskeleton, now used in more than 100 hospitals worldwide, before expanding into industrial humanoid robots. Its newest platform, the Calvin family, runs on Nvidia's Isaac GR00T N1 foundation model and Jetson computing platform, with the Calvin-40 already handling tyre-loading tasks at Renault's Douai factory in France.
What's the expansion play? Renault is more than an investor. It completed a minority investment in June 2025 alongside a strategic partnership to develop Calvin robots for its manufacturing operations, and has become Wandercraft's first commercial customer for the platform. The rollout plan calls for around 10 robots by the end of 2026, expanding to 350 robots across Renault's French and Spanish factories by the end of 2027 as part of a broader productivity push.
What could go wrong? Wandercraft is entering a crowded field. Figure AI raised more than $1 billion at a $39 billion valuation, Apptronik extended its Series A beyond $935 million, and Agility Robotics is already operating robots at multiple customer sites while pursuing a public listing. Unlike those peers, however, Wandercraft's next funding remains under negotiation rather than finalized.
The signal: A decade of exoskeleton engineering and a strategic customer-shareholder relationship with Renault give Wandercraft an unusual industrial advantage. The real test now isn't the fundraising narrative—it's whether the planned 350 Calvin robots make it onto Renault's production lines by 2027.
Read more: Bloomberg, Tech Funding News
Image credit: Wandercraft
