SoftBank, Foxconn buy into Japan shelf-stocking robot startup

Telexistence raises $170m as labor-strapped retail industry looks to automation

20230706N Telexistence

The robot developed by Telexistence automatically stocks store coolers with beverages. (Photo courtesy of Telexistence)

MINAKO YAMASHITA, KENJIRO SUZUKI and MASAYUKI SHIKATA, Nikkei staff writers

TOKYO -- SoftBank Group and Foxconn are among those to invest $170 million in a Japanese startup that makes shelf-stocking robots for convenience stores as the retail industry looks to catch up in automation and labor-saving efforts.

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