Foxconn Invests $30 Mn in Robocore to Strengthen Robotics Expansion

The deal involves a potential investment of up to US$30 million in Robocore’s wholly owned subsidiary RoboTemi Global Ltd. FTC has made an initial US$10 million investment in preferred shares, acquiring a 6.6 percent equity stake.

Robocore Technology Limited (Robocore), a partner company of Hong Kong Science and Technology Parks Corporation (HKSTP), has completed its Series D funding round with an investment from Foxconn Technology Co., Ltd. (FTC).

The transaction, made through FTC’s wholly owned subsidiary Q-Run Holdings Limited, marks the electronics manufacturer’s official entry into the smart robotics market.

The deal involves a potential investment of up to US$30 million in Robocore’s wholly owned subsidiary RoboTemi Global Ltd. FTC has made an initial US$10 million investment in preferred shares, acquiring a 6.6 percent equity stake.

Two additional tranches of US$10 million each may follow on the first and second anniversaries of the initial investment, with valuations to be mutually determined or assessed by a third party.

“This is more than a capital injection - it's an affirmation of our company's future prospects,” said 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.”

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 a global open-platform service robotics enterprise with deployments across nearly 20,000 client sites worldwide, including more than 5,000 in the US. Its products are used in hospitals, elderly homes, retail chains, households, hotels, educational institutions, and smart buildings. In New York State alone, over 200 elderly homes use its temi robots for remote diagnoses, reducing insurance costs and improving coverage.

With Foxconn’s strategic and manufacturing support, Robocore projects a three-fold revenue increase over the next three years and five-fold growth by 2028.

Proceeds from this round will focus on strengthening Robocore’s telemedicine business in the US, Europe, and Japan, launching new consumer products in China, and expanding global sales and marketing operations. The company plans to begin its IPO process within five years.

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