Walmart has entered into a multi-year agreement with Fox
Robotics and is investing growth capital for a minority stake in
the company. Walmart has deployed 19 "FoxBot" autonomous
forklifts across 4 of their high-tech distribution centers.
Goodwin represented Fox Robotics in both the financing and
commercial agreement. The deal team consisted of Aaron Terwey, Shiyi Fan, Alesha Neumann (Corporate), Kevin Liu, and Christine Tran (IPTS).
Read more about the deal here.
Fox Robotics, based in Austin, Texas, was founded in 2017 with the
goal of bringing intelligent warehouse automation to the masses
through safe robotic forklifts at scale. Learn more here.
PRESS RELEASE
22 April 2024
Fox Robotics Enters Multi-Year Agreement With Walmart
Goodwin Procter LLP
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Walmart has entered into a multi-year agreement with Fox Robotics and is investing growth capital for a minority stake in the company.