VenHub Global Inc., a provider of artificial intelligence-powered retail concepts, in April will open a second and “significantly larger” production and assembly facility in Las Vegas.
VenHub makes robot-operated convenience stores.
The new facility expands VenHub’s manufacturing capacity and positions the Las Vegas-based company to meet growing demand for its autonomous smart stores across the United States, the company said March 18.
VenHub combines robotics, automation and a mobile-first technology. It operates locations in California, including Los Angeles Union Station, according to the company’s website. Each VenHub store measures 22 feet wide, 10 feet deep and 10 feet high and can be described as a walk-up kiosk.
The new production facility will operate in conjunction with VenHub’s headquarters and existing operations in Las Vegas, creating an expanded production hub that integrates engineering, manufacturing, testing and deployment preparation under one roof, said the company, which began trading on the Nasdaq Global Market earlier this year.
The additional capacity will enable VenHub to accelerate smart store production and support broader national rollout efforts, VenHub said.
“The significant production capacity enabled by our second, larger facility in Las Vegas is a pivotal step forward for our ability to scale smart store deployments,” said Shahan Ohanessian, CEO of VenHub. “Demand for our smart stores continues to grow as retail operators are seeking smarter ways to serve customers while also being able to manage their operations more efficiently.”
Expanding VenHub’s production capabilities in Las Vegas with this larger facility allows the company to move faster, deliver its smart stores more effectively and support its growing list of partners who are bringing VenHub Smart Stores into their communities, Ohanessian said.
“Retail is continuing to evolve quickly," he said. "Consumers expect convenience, speed and access at all hours, while operators are searching for solutions that address this demand while also reducing overhead and simplifying their operations. VenHub Smart Stores are leading the evolution of autonomous retail to address both of these challenges.”
Each store operates 24 hours a day without on-site staff and combines robotics, automation and mobile-first checkout technology to deliver a secure, unattended shopping experience, the company said.
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