Hyundai Motor Group is moving to take full control of Boston Dynamics as the robotics company begins turning its humanoid technology into a commercial product.

The South Korean group plans to acquire SoftBank’s remaining 9.65% stake in Boston Dynamics for $325 million, according to South Korea’s Maeil Business Newspaper and Reuters.

The transaction would make Boston Dynamics a wholly owned subsidiary of Hyundai Motor Group and its affiliates. Hyundai Motor is expected to hold a board meeting on June 22 to approve the purchase.

Hyundai and SoftBank have not publicly confirmed the transaction.

The deal follows a put option included in Hyundai’s original acquisition of Boston Dynamics. SoftBank reportedly exercised its right to sell the remaining stake back to Hyundai under that agreement.

Hyundai agreed to acquire an 80% controlling stake in Boston Dynamics from SoftBank in 2020 as part of a transaction that valued the robotics company at $1.1 billion. The purchase was completed in 2021 for about $880 million, while SoftBank retained the remaining interest.

The latest price implies a valuation of roughly $3.4 billion for Boston Dynamics based on the 9.65% stake being sold, more than three times the valuation attached to the original transaction.

The timing coincides with Boston Dynamics’ shift from robotics research to commercial production. The company said in January that it had begun manufacturing the product version of Atlas, its electric humanoid robot designed for industrial work.

Initial Atlas units are scheduled for deployment in 2026 at Hyundai facilities and Google DeepMind. Boston Dynamics plans to add more customers in 2027 as it expands production.

Hyundai intends to use Atlas first in automotive manufacturing, where the robot can handle repetitive, physically demanding, and complex industrial tasks. A wider deployment at Hyundai’s Georgia manufacturing operations is planned for later phases.

Google DeepMind is working with Boston Dynamics to integrate advanced AI models into Atlas and other robots. The partnership is focused on helping robots learn new tasks, reason about physical environments, and operate more safely.

Full ownership would give Hyundai tighter control over Boston Dynamics during the company’s transition from highly visible prototypes to commercial machines.

The $325 million purchase is small relative to the capital required to manufacture humanoid robots at scale. The larger challenge will be proving that Atlas can operate reliably in factories, learn new tasks quickly, and deliver enough productivity to justify its cost.