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Foxconn Unit Leads $30 Million Round in Robocore to Scale Telemedicine Robots

The first $10 million tranche gives Foxconn 6.6% at a $151.5 million valuation, with options for two equal follow-ons.

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Overview

  • Foxconn’s Q-Run led Robocore’s $30 million Series D, with $10 million already closed and options for two $10 million tranches in 2026 and 2027.
  • The initial investment confers a 6.6% stake and values the Hong Kong startup at $151.5 million, with future tranche valuations subject to agreement or third-party assessment.
  • Robocore plans to use the funds to produce 30,000 robots for U.S. nursing homes and to expand elderly care deployments in Japan and among single-person senior households in China.
  • CEO Roy Lim says telemedicine is the top revenue stream, citing $1.8 million last year from 130 bots in New York nursing homes and insurer payments for remote doctor visits.
  • Foxconn casts the deal as a move into smart robotics and is expected to bring manufacturing and supply-chain support as Robocore targets a Nasdaq listing in three to five years and scales across 33 countries.