

The Chinese supplier for Roomba maker iRobot will be assuming control over the company, after mounting debts and an uncertain financial future sent iRobot into bankruptcy.
The New York Times reports that iRobot filed for Chapter 11 bankruptcy in Delaware on December 14. Its debts include $100 million to Chinese robotics manufacturer Picea, $2.7 million to Chinese electric vehicle company BYD, and $3.4 million to U.S. Customs and Border Protection for unpaid tariffs. Moving forward, Picea — which makes household appliances and parts — will assume control over iRobot and take the company private.
Picea was founded in 2016 by a group of engineers, and was initially funded by a Chinese government program for start-ups. Today, it has facilities in both China and Vietnam, and has sold more than 20 million robotic vacuum cleaners under its 3i brand, while providing parts for several other companies.
Amazon had previously attempted to buy iRobot in 2022 for $1.7 billion, but soon called the deal off after U.S. and European regulators expressed concerns over how the acquisition might impact the robotic vacuum market's competitiveness. Two years later, iRobot laid off roughly a third of its workforce, and warned of "substantial doubt" over its future.
As the Chapter 11 process plays out, iRobot says it doesn't expect to see any disruptions to its supply chains, product availability or customer support.
RELATED CONTENT
RELATED VIDEOS
Timely, incisive articles delivered directly to your inbox.


.webp?height=100&t=1780416625&width=150)




