Robocore
Technology
Limited
has
recently
completed
its
Series
D
financing.
Its
wholly
owned
subsidiary,
RoboTemi
Global
Ltd.
(RoboTemi
Global),
received
investment
from
Q-Run
Holdings
Limited,
a
wholly
owned
subsidiary
of
Foxconn
Technology
Co.,
Ltd.
(FTC),
one
of
the
world’s
largest
precision
electronics
manufacturers.
Shown
in
the
photo
is
RoboTemi
Global’s
temi
robot
series.
The
transaction
involves
a
total
potential
investment
of
up
to
US$30
million
from
FTC,
beginning
with
an
initial
US$10
million
investment
in
preferred
shares,
acquiring
a
6.6%
equity
stake
in
RoboTemi
Global
Ltd.
The
agreement
also
includes
two
subsequent
investment
tranches
of
US$10
million
each,
which
may
be
exercised
on
the
first
and
second
anniversaries
of
the
initial
investment.
Valuations
for
these
tranches
will
be
determined
by
mutual
agreement
or
third-party
assessment.
“This is more than a capital injection — it’s an affirmation of our company’s future prospects,” said Mr Roy Lim, CEO of Robocore Technology. “With world-leading manufacturing and supply chain capabilities, FTC will join forces with us to accelerate our growth, expand into new markets, and help us stride confidently toward our IPO milestone.”
Mr Eric Or, Acting Chief Operating Officer of HKSTP, said, “AI empowers Hong Kong’s long-term economic development. HKSTP is pleased to see Robocore’s rapid growth and global impact. Robocore’s successful funding round not only signifies that a world-leading technology enterprise has endorsed its core robotics technology, but also proves that Hong Kong’s tech ventures can firmly establish their position on the global stage.”
Headquartered in Hong Kong Science Park, Robocore is the world’s leading open-platform service robotics enterprise. Its products are deployed at nearly 20,000 client sites worldwide. Additionally, it serves over 5,000 sites in the US, spanning hospitals, elderly homes, retail chains, and households. In New York State alone, more than 200 elderly homes use its temi robots to assist doctors in completing remote diagnoses within two minutes — significantly reducing insurance costs and improving medical coverage rates. Moreover, approximately 50 four-star and five-star hotels, 1,300 universities, secondary and primary schools, over one hundred smart buildings and shopping malls and 2,000 system integrators with development capabilities in the world are using Robocore’s products.
With FTC’s strategic and manufacturing support, Robocore is expected to achieve three-fold revenue growth over the next three years and aims for a five-fold increase by 2028. The company’s growth will be primarily driven by accelerated expansion in the US, Europe, and Asia. Robocore plans to initiate its IPO process within five years, aiming to become one of the world’s fastest-growing service robotic enterprises.
Proceeds from this funding round will be mainly used to strengthen Robocore’s telemedicine business in the US, Europe and Japan, launch new products for mainland China’s consumer market, and expand global sales and marketing operations. These initiatives aim to further consolidate its industry leadership position while preparing for a pre-2030 IPO.
https://www.robocore.ai/
https://www.linkedin.com/company/robocore-ai/
https://x.com/robotemi
https://www.facebook.com/robocoretechnology/
https://www.instagram.com/robocoretechnology
Robotemi
website:
https://www.robotemi.com/
youtube:
https://www.youtube.com/@robocoreai
https://www.youtube.com/@TemiRobot
Hashtag: #Technology #robotics #robot #ftc
The issuer is solely responsible for the content of this announcement.
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