Vingroup to set up robotics firm VinMotion

January 13, 2025 | 06:52

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Vingroup plans to establish a robotics firm specialising in general purpose humanoid robots, development, and research.

Vingroup to set up robotics firm VinMotion

On January 10, the group's Board of Directors approved Vingroup’s capital contribution to establish a subsidiary named VinMotion General Purpose Humanoid Robots Application, Development and Research JSC (VinMotion).

The new subsidiary will have a charter capital of VND1 trillion ($40 million), with Vingroup holding 51 per cent.

Throughout 2024, Vingroup chairman Pham Nhat Vuong announced the establishment of new subsidiaries in the high-tech industrial ecosystem. In March, Vingroup's V-Green Charging Stations Company was launched with a plan to invest over $415 million in the next two years in new outlets and upgrading the charging network.

In July, Vuong established EV leasing and trading firm For Green Future (FGF) Trading and Services JSC. In October, VinDT JSC was set up to provide electric vehicle driver training and testing services.

In November, Vingroup announced the establishment of VinRobotics JSC, with a charter capital of $40 million. The establishment of VinRobotics JSC marked a significant milestone in Vingroup’s ongoing efforts to perfect its high-tech industrial ecosystem, which stands as one of its three core pillars alongside commerce-services and social philanthropy.

VinAI Artificial Intelligence Application and Research JSC (VinAI)'s products are currently being applied in VinFast's smart EVs and Vinpearl hotels and resorts.

Vingroup also established the VinBrain subsidiary last year with initial charter capital of VND30 billion ($1.2 million). In December, Nvidia announced it had acquired VinBrain. The value of this acquisition was not revealed.

Vingroup establishes $150 million venture capital fund

On October 28, Vingroup announced the launch of VinVentures, a capital fund managing assets worth $150 million, dedicated to supporting technology startups with transformative potential.

VinFast receives $3.5 billion funding from Vingroup and Pham Nhat Vuong

Vingroup and its chairman Pham Nhat Vuong announced on November 12 a significant financial commitment to VinFast with total funding up to $3.5 billion.

Vingroup announces the launch of VinRobotics

The global automation and industrial robotics sector is booming, particularly amid the advancements of Industry 4.0. In this context, Vingroup has announced the establishment of VinRobotics, a move that aims to strengthen its high-tech industrial ecosystem, one of the conglomerate's three core pillars.

By Thanh Van

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