Japanese fashion magnate Yusaku Maezawa is buying robotics startup Groove X, which makes an 'affectionate' companion robot
Groove X's Lovot robots are displayed at their demonstration during the launch event in Tokyo, Japan, December 18, 2018. REUTERS/Kim Kyung-HoonTOKYO, March 15 - Japanese fashion magnate Yusaku Maezawa is buying robotics startup Groove X, which makes an "affectionate" companion robot, saying on Tuesday he was drawn by its ability to "make people feel happy".
robotics business, and will move to full ownership in April, Groove X said, without providing further detail. Groove X previously raised 8 billion yen from investors including funds backed by the Japanese government and Toyota Motor CorpThe state fund, INCJ, said seperately on Tuesday it had sold its stake to Maezawa for an undisclosed amount. It declined to say if it made a profit.
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