Hong Kong-based technology firm Mint Incorporation Limited has announced that its subsidiary Aspiration X Limited has signed a non-exclusive framework cooperation agreement with Vengine Limited. The agreement aims to facilitate collaboration in product development, manufacturing support, and distribution for Rice Robotics’ autonomous delivery robot solutions, which operate across Asia, including Japan.
Vengine, a venture builder specializing in robotics and embodied intelligence in the Greater Bay Area, will leverage its network to identify potential manufacturers for mass production of Rice Robotics’ product lines. The company may also recommend customers and channel partners to support market expansion efforts. The agreement remains non-binding and does not impose any minimum purchase, volume, revenue, or payment obligations on either party. No specific terms or statements of work have been executed to date.
Mint’s involvement extends through its indirect 54% ownership in Rice Robotics via its wholly-owned subsidiary Aspiration X Limited, which holds a majority stake in Rice Robotics AGI Holding Limited. Rice Robotics AGI Holding Limited, in turn, owns Rice Robotics (Hong Kong) Limited, which operates the autonomous delivery robot solutions. VTech Communications Limited, a subsidiary of Hong Kong-listed VTech Holdings Limited, is also noted as a collaborator with Vengine within this framework.
The agreement underscores a strategic push by Mint to expand its robotics capabilities through strategic partnerships, particularly in manufacturing and distribution networks, without committing to any immediate transactions or financial obligations.
