Social RoboticsYusaku Maezawa's fund takes control of LOVOT maker Groove X
The Japanese entrepreneur's investment vehicle bought a majority stake in the companion robot start-up.
Maezawa Fund acquired a majority of Groove X, with full ownership due on 5 April 2022, marking its entry into home robots. Founder and chief executive Kaname Hayashi stayed on to run the LOVOT business alongside Maezawa. LOVOT, a wheeled companion robot built to be cuddled rather than to perform tasks, was announced in 2018 and began shipping in December 2019. The deal kept one of Japan's most distinctive emotional companion robots funded at a difficult time for the sector.
Source: Impress Watch
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