Robocore Technology Limited (Robocore), a partner company of Hong Kong Science and Technology Parks Corporation (HKSTP), has successfully closed its Series D funding round. Foxconn Technology Co Ltd (FTC), the world’s largest precision electronics manufacturer, has entered the smart robotics sector through its wholly-owned subsidiary, Q-Run Holdings Limited, by investing in Robocore’s subsidiary, RoboTemi Global Ltd.
This strategic partnership underscores FTC’s commitment to strengthening its smart manufacturing and artificial intelligence (AI) ecosystem while positioning Robocore for a future IPO. The agreement outlines a potential total investment of up to US$30 million, starting with an initial US$10 million in preferred shares, giving FTC a 6.6% equity stake in RoboTemi Global Ltd. Two additional tranches of US$10 million each may follow on the first and second anniversaries of the initial deal, subject to agreed valuations or third-party assessments.
“This collaboration is not just financial support — it validates our long-term growth strategy,” said Roy Lim, CEO of Robocore Technology. “With Foxconn’s world-class manufacturing and supply chain expertise, we will accelerate our expansion, tap new markets, and advance steadily toward our IPO goal.”
Eric Or, Acting Chief Operating Officer of HKSTP, added, “AI is a critical driver of Hong Kong’s innovation-led growth. Robocore’s success highlights how local tech enterprises can build global influence. This funding round shows that international industry leaders recognize Robocore’s robotics technology and its potential to reshape global markets.”
Based at Hong Kong Science Park, Robocore is a leading developer of open-platform service robotics. Its products are deployed across nearly 20,000 customer sites worldwide, including 5,000 in the United States, covering hospitals, elderly care facilities, retail chains, and homes. In New York State alone, more than 200 care homes use its temi robots to enable doctors to conduct remote diagnoses within two minutes, cutting insurance costs and improving medical service accessibility. Beyond healthcare, Robocore’s robots are integrated into hotels, schools, shopping malls, smart buildings, and enterprises across multiple continents.
With Foxconn’s backing, Robocore projects three-fold revenue growth within the next three years and targets a five-fold increase by 2028, driven by expansion across the US, Europe, and Asia. The company plans to launch its IPO within five years, aiming to become one of the world’s fastest-growing service robotics providers.
Funds raised will be directed toward scaling Robocore’s telemedicine operations in the US, Europe, and Japan, introducing new consumer products in mainland China, and strengthening global sales and marketing. These initiatives will reinforce its industry leadership while advancing toward a pre-2030 IPO.
Robocore Technology Limited, headquartered in Hong Kong Science Park, designs and manufactures advanced robotics for healthcare, education, consumer markets, and smart facilities. Its subsidiary, RoboTemi Global Ltd. in Israel, developed the internationally recognized temi robot. Foxconn Technology Co., Ltd. (2354.TW), based in New Taipei City, Taiwan, is a publicly listed company under the Foxconn Group, specializing in Original Design Manufacturing (ODM) services with expertise in precision metal processing, thermal modules, and system assembly.
