We are advising Mobileye on the transaction

Davis Polk is advising Mobileye Global Inc. on its acquisition of Mentee Robotics Ltd. in a cash-and-stock transaction with total consideration of approximately $900 million, subject to certain adjustments, consisting of approximately $612 million in cash and up to 26,229,714 shares of Mobileye Class A common stock. The transaction is expected to close in the first quarter of 2026, subject to customary closing conditions.

Mobileye is a leader of the mobility revolution with its autonomous driving and driver-assistance technologies, harnessing world-renowned expertise in artificial intelligence, computer vision, mapping and integrated software and hardware. Since its founding in 1999, Mobileye has enabled the wide adoption of advanced driver-assistance systems that bolster driving safety, while pioneering such groundbreaking technologies as REM crowdsourced mapping, True Redundancy sensing and Responsibility Sensitive Safety (RSS). As of 2024, the company’s EyeQ technology has been integrated into more than 200 million vehicles worldwide. Since 2022, Mobileye has been listed independently from Intel, which retains majority ownership.

Mentee Robotics is an AI-first humanoid robotics company developing a third-generation, vertically integrated humanoid robot. The company’s platform combines advanced artificial intelligence, robotics and sensing technologies to deliver highly adaptable, autonomous humanoid robots designed to operate in human-centric environments.

The Davis Polk corporate team includes partners Michael Kaplan and Lee Hochbaum and associates Benjamin Malone, Hamna Ahmad and Walker Halstad. Partner Kyoko Takahashi Lin and associate Sheryl B. Bohan are providing executive compensation advice. Partner William A. Curran and associates Dmitry Dobrovolskiy and Shmuel Dov Sussman are providing tax advice. All members of the Davis Polk team are based in the New York office.

Erdinast, Ben Nathan, Toledano is acting as the lead Israeli counsel to Mobileye.

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