Mint Forms JV with Rice Robotics for AI Companion Robots
Mint Incorporation Limited announced that its wholly-owned subsidiary, Aspiration X Limited, has entered into a joint venture agreement with Rice Robotics Holdings Limited to establish Rice Robotics AGI Holding Limited. This new British Virgin Islands joint venture company will focus on the development and sales of next-generation AI companion robots for the consumer market. Aspiration X will contribute HK$15,000,000 in funding, human resources, and R&D support, while Rice Robotics will provide technology, intellectual property, and marketing support. The collaboration marks a significant strategic step for Mint to expand its robotics footprint into the consumer space, with the first products expected to launch in Q3 2026 in Asian markets.
Key Highlights
- Mint's Aspiration X Limited formed a joint venture, Rice Robotics AGI Holding Limited, with Rice Robotics Holdings Limited.
- The new British Virgin Islands JV will focus on developing and selling next-generation AI companion robots for consumers.
- Aspiration X will contribute HK$15,000,000 in funding, human resources, and R&D support.
- Rice Robotics will provide existing technology, intellectual property, clients, know-how, and marketing/sales support.
- The JV expands Mint's robotics capabilities from business-to-business to the consumer market.
- The first batch of consumer-ready AI companion robots is expected to launch in Q3 2026 in Asian markets.
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