Autonomous Solutions Inc. is the developer of “VenHub,” a fully automated retail store solution. VenHub develops fully automated smart store formats powered by AI, robotics, and advanced sensor technologies. It also offers modular store units built using expandable containers, which can reportedly be installed and opened within a week and can be operated 24/7.
Customers can place orders using its “VenHub” mobile app and either pick up their purchase from the stores or opt for delivery options. The purchases can be completed using payment options such as credit cards, Apple Pay, or Google Pay. When the orders are placed, the store uses robotic arms to pick and prepare the items for issuance.
VenHub has three main revenue models: 1) Selling the store units globally by offering financing and revenue-sharing options; 2) Maintaining the stores and the software for a subscription fee; and 3) Licensing its technology to other businesses (a planned source of revenue as of July 2023). VenHub had received 128 pre-orders for its smart stores as of July 2023. As of June 2023, the company had plans to launch its first fully automated retail store in Q1 2024.
Funding and financials
In May 2023 , Autonomous Solutions announced a seed funding round, offering up to ~USD 5 million in Preferred Class B Shares.
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