| |OCTOBER 20259FOXCONN INVESTS IN ROBOCORE AHEAD OF PLANNED IPOTELANGANA ATTRACTS 54,000 CR, RISES IN GLOBAL LIFE SCIENCESRobocore Technology Limited (Robocore), a member of the Hong Kong Science and Technology Parks Corporation (HKSTP) Partner Programme, announced that it has recently completed its Series D funding.Foxconn Technology Co. (FTC), the largest maker of precision electronics in the world, has strategically invested in Robocore's wholly-owned subsidiary RoboTemi Global Ltd. through its wholly-owned subsidiary Q-Run Holdings Limited. By strengthening its smart manufacturing for growing healthcare technology and artificial intelligence (AI) ecosystem and opening the door for Robocore's upcoming initial public offering (IPO), this investment represents FTC's formal debut into the smart robotics market.Robocore Technology Limited has just concluded its Series D financing. Its fully owned subsidiary, RoboTemi Global Ltd. (RoboTemi Global), secured investment from Q-Run Holdings Limited, a wholly owned subsidiary of Foxconn Technology Co., Ltd. (FTC), one of the largest precision electronics manufacturers in the world. Pictured is RoboTemi Global's temi robot series.A total of up to US$30 million might be invested by the FTC in this deal, starting with an initial US$10 million investment in preferred shares to purchase a 6.6% equity holding in RoboTemi Global Ltd. Two additional US$10 million investment tranches are also included in the agreement; these could be exercised on the first and second anniversaries of the original investment. These tranches' valuations will be decided by consensus or independent evaluation. Robocore is set to expand into the elderly care robotics market, aiming to address the growing need for assistive technologies in aging populations. This strategic move positions the company at the forefront of healthcare innovation."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". POWith investments of over Rs. 54,000 crore in the last year alone, Telangana has once again established itself as a global leader in the life sciences, and the city is currently listed among the top 7 life sciences clusters worldwide.Since the establishment of the new government, the state has drawn over Rs. 54,000 crore in total investments in the fields of pharmaceuticals, biotechnology, cell and gene therapy, medical devices, vaccines, and digital healthcare, all supported by strong policy support, industry-friendly infrastructure, and strategic alliances. Leading international and Indian companies in sectors like sterile injectables, biosimilars, biologics, AI/ML, and advanced healthcare services might create over 2 lakh jobs as a result of these investments.The Board Meeting of Telangana Life Sciences convened today and was attended by D. Sridhar Babu, Minister for IT, industries & commerce, electronics & communications, and legislative affairs, who proceeded to review progress in the life sciences sector. Special chief secretary Sanjay Kumar, as well as VC&MD TGIIC Shashanka, CEO of Telangana Lifesciences Shakthi M. Nagappan, chairman of DRL Satish Reddy, chairman of Laurus Labs Satya Chava, and others also attended the meeting.According to D Sridhar Babu, minister for information technology, electronics & communications, industries & commerce and legislative affairs in the state of Telangana, "Telangana has emerged as a global epicentre for innovation-led life sciences and is now home to over 2,000 life sciences companies. The progress made in the last year reflects our strategic commitment to creating a future-ready, knowledge-driven ecosystem. Hyderabad's emergence as one of the top 7 global life sciences clusters is a direct outcome of Telangana's progressive policies, robust infrastructure, and talent-rich ecosystem. This is a result of our focused efforts and I take this opportunity to congratulate our team on the significant growth". PO
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