Collaborative robot developer DoBot Robotics has signed a Letter of Intent with VenHub, a company building modular retail platforms using shipping containers, to explore a potential strategic partnership. This agreement marks the beginning of collaborative discussions between the two innovative companies that could transform retail and robotics.

The joint exploration demonstrates both companies' commitment to pushing boundaries and reimagining shopping through cutting-edge robotics and retail systems. DoBot CEO Jerry Liu shared that partnering with VenHub, who shares their passion for innovation, is genuinely exciting.

The companies plan to integrate VenHub's novel retail platforms with DoBot's advanced cobots to intertwine operational efficiency and consumer experience. VenHub CEO Shahan Ohanessian echoed the shared vision making this partnership thrilling. By combining resources, they aim to create an ecosystem centered on enhancing everyday retail interactions worldwide.

Ohanessian added this partnership unlocks new potential in retail and they are excited about the limitless possibilities ahead for VenHub, shareholders, clients, and partners. DoBot recently launched their latest cobot in April 2023, reaching a milestone with a comprehensive product portfolio covering payloads from 0.5 kg to 20 kg for diverse applications.

VenHub is developing fully autonomous smart stores in forms like convenience stores, retail shops, and gas/electric stations. Customers can order products via a tablet at the store's ordering window. Robots then pick the order which customers can collect from the pickup window.

This seamless integration of robotics and retail has tremendous potential to provide efficiency, convenience, and novel experiences. DoBot's advanced lightweight cobots can help enable the automation of tasks like inventory picking and restocking in VenHub's modular stores.

The strategic partnership leverages the strengths of both companies to potentially disrupt retail. DoBot's industry-leading collaborative robots and VenHub's innovative retail platforms could intersect to provide consumers with ultimate convenience. This exploration demonstrates the commitment by both companies to shape the future of experiential commerce through meaningful robotics and retail innovation.