Robocore Technology Limited (Robocore), a partner company of Hong Kong Science and Technology Parks Corporation (HKSTP), is pleased to announce the recent completion of its Series D funding. As the world's largest precision electronics manufacturer, Foxconn Technology Co., Ltd. (FTC), through its wholly owned subsidiary Q-Run Holdings Limited, has made a strategic investment in Robocore's wholly owned subsidiary, RoboTemi Global Ltd. This investment marks FTC's official entry into the smart robotics market, bolstering its smart manufacturing and artificial intelligence (AI) ecosystem, while paving the way for Robocore's future IPO.

The transaction involves a total potential investment of up to $30 million from FTC, beginning with an initial investment of $10 million in preferred shares, which will acquire a 6.6 per cent equity stake in RoboTemi Global Ltd. The agreement also includes two subsequent investment tranches of $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 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."