SoftBank and Symbotic launch GreenBox warehouse automation joint venture

SoftBank Group and Symbotic formed GreenBox Systems LLC, a joint venture to offer warehouse-as-a-service automation. SoftBank owns 65% and Symbotic 35%, with initial funding of $100 million. GreenBox also signed a $7.5 billion contract to purchase Symbotic systems.

“The warehouse robotics provider Symbotic LLC will team with Japanese investment firm Softbank Group Corp. to create a well-funded, joint venture company that offers warehouse-as-a-service automation products using Symbotic’s technology.”dcvelocity.com

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• dcvelocity.comSoftbank buys stake in Symbotic to launch warehouse automation joint venture | DC VelocityBen AmesJul 24, 2023

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