Cartwheel’s Last Lifeline: The Engineered Arts Deal That Never Closed
Engineered Arts wanted to acquire Cartwheel Robotics before it collapsed but the now-defunct startup’s investors allegedly derailed the deal.
Engineered Arts is a UK-based company known for creating lifelike humanoid robots like Ameca and Mesmer, blending robotics, AI, and artistry for entertainment, research, and public engagement.
Engineered Arts wanted to acquire Cartwheel Robotics before it collapsed but the now-defunct startup’s investors allegedly derailed the deal.
Nevada-based Cartwheel has been forced into bankruptcy by its creditors after its collapse. The 4-year-old startup had built a working prototype of its cartoonlike humanoid Yogi with around $3 million but failed to raise enough to scale.
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