Insider Brief
- Robocore Technology closed its Series D with up to $30M from Foxconn Technology via its Q-Run arm, starting with a $10M investment for a 6.6% stake in subsidiary RoboTemi Global.
- Backed by Foxconn’s capital and manufacturing expertise, Robocore targets 3x revenue in three years and 5x by 2028, with plans for a pre-2030 IPO; proceeds will strengthen its telemedicine business and fuel expansion in the U.S., Europe, Japan, and China.
- Already deployed at nearly 20,000 sites worldwide, Robocore says the partnership validates its global ambitions, while Foxconn gains an entry point into the fast-growing service robotics market for healthcare and eldercare.
Robocore Technology has closed its Series D round with a strategic investment of up to $30 million from Foxconn Technology, underscoring the rising importance of service robots in healthcare and eldercare.
According to the company, the deal, made through Foxconn’s Q-Run arm, begins with an immediate $10 million investment for a 6.6% stake in RoboTemi Global, Robocore’s subsidiary. Two additional tranches of $10 million each are expected over the next two years. With Foxconn’s backing, Robocore projects revenue to grow fivefold by 2028 and plans to pursue an IPO before the end of the decade.
Roy Lim, CEO of Robocore, said in a statement, “This is more than a capital injection—it’s an affirmation of our future prospects.”
Robocore, a partner of Hong Kong Science and Technology Parks Corporation, has already placed its robots in nearly 20,000 sites worldwide, from hospitals and nursing homes to retail chains, according to the company. The new funding will be used to strengthen its telemedicine platform and accelerate international expansion, the company indicated.
“We’re scaling in the US, Europe, and Japan, launching new consumer products in mainland China, and gearing up for a pre-2030 IPO—with targets of 3x revenue in 3 years and 5x by 2028,” Lim wrote in a LinkedIn post.
Executives at Robocore said the investment represents more than capital, describing it as a validation of the company’s global ambitions. “Robocore’s growth signifies that Hong Kong’s tech ventures can firmly establish their position on the global stage, pointed out Eric Or, Acting COO of HKSTP.
For Foxconn, best known for its electronics manufacturing operations, the partnership offers an entry point to the growing service robotics sector. For Robocore, the alliance brings both capital and the manufacturing expertise needed to compete in an increasingly crowded market for healthcare and eldercare solutions.
