LAS VEGAS, March 24, 2026 (GLOBE NEWSWIRE) -- VenHub Global, Inc. (NASDAQ: VHUB) (“VenHub” or the “Company”), a leader in fully autonomous Smart Store technology, and Circa Resort & Casino (“Circa Resort”), announced today a new partnership that will bring the world’s most unique autonomous Smart Store to Circa Resort’s guests. Measuring 66 feet x 10 feet by 10 feet, the installation will debut at Circa Resort later this Spring, steps from the world-famous Circa Sportsbook. This one-of-a-kind installation w ...

Core Insights - VenHub Global, Inc. is focusing on innovative technologies for its Smart Stores to tackle significant retail challenges, particularly theft and product shrinkage, which accounted for over $100 billion in annual losses according to a 2023 National Retail Security Survey [2][3] Group 1: Company Innovations - The company has introduced six new patent-pending technologies aimed at enhancing security in its Smart Stores, categorized under "Advanced Security & Protection Systems" [1][2] - These innovations include a multi-layered protective laminate for ballistic protection, a security glass system with dynamic transparency control, a retail security tag with advanced location tracking, a dual-function security tag with tamper-responsive mechanisms, a non-lethal security system using directional acoustic technology, and an integrated security platform combining intelligent surveillance with robotic countermeasures [5][6] Group 2: Smart Store Functionality - VenHub's Smart Stores utilize robotics, automation, and mobile-first technology to provide a seamless, unattended shopping experience, operating 24/7 and offering a wide range of products [3][4] - The stores are designed for secure, managed operations, enabling fast, precise, and contactless transactions for consumers [3][4]

Core Viewpoint - VenHub Global, Inc. is expanding its manufacturing capabilities by opening a larger production and assembly facility in Las Vegas to meet the increasing demand for its autonomous Smart Stores across the United States [1][2][3]. Group 1: Facility Expansion - The new production facility will enhance VenHub's manufacturing capacity and will operate alongside its existing headquarters in Las Vegas, creating an integrated hub for engineering, manufacturing, testing, and deployment preparation [2][3]. - This expansion is expected to accelerate the production of Smart Stores and support a broader national rollout [2][3]. Group 2: Market Demand and Strategy - The CEO of VenHub highlighted that the demand for Smart Stores is growing as retail operators seek efficient ways to serve customers while managing operations [3]. - The company aims to address the evolving retail landscape where consumers expect convenience and speed, while operators look for solutions to reduce overhead and simplify operations [3][4]. Group 3: Smart Store Features - VenHub Smart Stores operate 24/7 without on-site staff, utilizing robotics, automation, and mobile-first checkout technology to provide a secure and unattended shopping experience [5][6]. - These stores are designed to offer instant access to a wide range of products, ensuring convenience for consumers at all hours [5][6]. Group 4: Current Operations - VenHub Smart Stores are already in operation at high-traffic locations such as Los Angeles Union Station and LAX Metro Transit Center, showcasing their capability to serve both everyday consumers and travelers [4]. - With Las Vegas as its operational headquarters, VenHub is well-positioned to scale its Smart Store deployments across North America [4].

Core Insights - VenHub Global, Inc. has expanded its integration with Stripe to enhance its payment infrastructure for fully autonomous Smart Stores, facilitating faster global expansion and improved payment experiences [1][3] Group 1: Partnership and Integration - The collaboration with Stripe formalizes it as VenHub's primary payments infrastructure partner, enabling a unified payments layer across VenHub's global network [1][2] - VenHub is rolling out a fully integrated payments stack that includes support for multiple payment methods, multi-currency transactions, and advanced fraud prevention [2][6] Group 2: Business Model and Strategy - VenHub aims to redefine retail convenience through intelligent, autonomous experiences, with payments being a critical component of this strategy [3] - The integration with Stripe is designed to create a capital-efficient, globally scalable foundation for automated retail, allowing for faster deployment and lower expansion costs [3][9] Group 3: Operational Efficiency - VenHub's Smart Stores utilize robotics, AI, and real-time analytics to provide 24/7 autonomous retail in high-traffic areas [4][8] - The partnership with Stripe allows for quick deployment of new locations without the need for custom integrations, minimizing retraining for retailers already familiar with Stripe [9] Group 4: Future Developments - VenHub plans to activate Stripe-powered payments across future Smart Stores, creating a standardized payments foundation and exploring innovations in subscription services and loyalty integrations [6][9]

Core Viewpoint - VenHub Global, Inc. is expanding its presence in Las Vegas by deploying six new fully autonomous Smart Store locations, enhancing its operational footprint in a key market [1][2][5]. Group 1: Expansion Plans - VenHub has agreements with multiple independent operators for the deployment of six new Smart Store locations throughout the Las Vegas metropolitan area [1]. - The new Smart Stores will be installed throughout the year, aimed at serving local residents and millions of visitors to Las Vegas [2]. - Specific locations for the Smart Stores will be announced in coordination with operator partners and local stakeholders [5]. Group 2: Smart Store Technology - VenHub Smart Stores operate 24/7 without on-site staff, utilizing robotics, AI-driven inventory management, and mobile-first checkout to provide a seamless shopping experience [3][6]. - Each store is designed to offer secure, contactless access to a variety of products, including everyday essentials, snacks, and travel-friendly items [3][6]. - The modular design of the Smart Stores allows for rapid installation and flexible merchandising, adapting to local demand and operator strategies [5]. Group 3: Business Model and Market Position - VenHub's business model enables operators to purchase and manage individual Smart Store locations while the company provides the necessary technology and support [4]. - The company is strategically positioned in Las Vegas, where it can leverage its headquarters and production capabilities to support broader growth across North America [5]. - The CEO of VenHub emphasized that the expansion in Las Vegas showcases the benefits of autonomous retail, meeting real-world demand and providing a modern retail platform [4].

Core Insights - VenHub Global, Inc. is enhancing its position in the automated retail technology sector by introducing seven new technologies aimed at improving Smart Store functionality [1][2] Group 1: Innovations in Smart Retail - The new technologies focus on two main categories: Smart Retail Infrastructure & Display Systems and Autonomous Retail Operations & Mobility [1][2] - Innovations in Smart Retail Infrastructure include intelligent shelving, modular component systems, and dynamic digital displays that improve operational efficiency and customer experience [2][5] - The Autonomous Retail Operations category includes systems for mobile store deployment and retrofitting existing spaces with autonomous capabilities, including environmental control systems for product preservation [3][5] Group 2: Commitment to Innovation - The CEO of VenHub emphasizes the company's dedication to innovation that scales efficiently and enhances the reliability of Smart Stores, providing additional support for retailers and partners [4] - VenHub's Smart Stores utilize robotics, automation, and mobile-first technology to create a seamless, unattended shopping experience, operating 24/7 and offering a wide range of products [4][5] Group 3: Patent Portfolio - VenHub has 24 pending patent applications that cover various aspects of smart retail infrastructure and autonomous retail operations, reflecting a comprehensive vision for transforming retail environments [2]

Core Insights - VenHub Global, Inc. has announced significant advancements in its next-generation robotic systems aimed at enhancing reliability, safety, and operational continuity for its automated retail hubs [1][4] Group 1: Technological Advancements - All robotic components within the VenHub ecosystem now feature advanced self-diagnostic capabilities, allowing for automatic identification of performance issues and safe deactivation for servicing [2] - The enhanced platform introduces Smart Health Monitoring, a predictive maintenance system that continuously tracks motor and sensor performance, notifying operators when components need service or replacement [3] Group 2: Business Strategy and Market Position - The company's growth strategy focuses on scalable technology that provides consistent, 24/7 reliability for Smart Store operators and consumers, reinforcing its position as a technology leader in the retail sector [4] - VenHub's Smart Stores integrate robotics, automation, and mobile-first technology to create a seamless, unattended shopping experience, operating around the clock and offering a wide range of products [5][6]

Core Viewpoint - VenHub Global, Inc. has entered into a securities purchase agreement to sell 7,700,000 shares of common stock and warrants, raising approximately $18.9 million for growth and operational purposes [1][2][3]. Group 1: Securities Offering - The company will sell 7,700,000 shares of common stock and warrants at a price of $2.45 per share, with gross proceeds expected to be around $18.9 million before fees [1]. - The warrants will have an exercise price of $2.45 per share, are immediately exercisable, and will expire five years from the issuance date [1]. Group 2: Use of Proceeds - Proceeds from the offering are expected to be used primarily for growth, working capital, and general corporate purposes [2]. Group 3: Company Strategy and Market Focus - The company aims to address the multi-trillion-dollar global retail market, including convenience stores and traditional retail formats, through its Smart Store technology [3]. - The CEO emphasized that this funding is crucial for meeting the growing demand for Smart Store deployments and unlocking further growth opportunities [3]. Group 4: Company Overview - VenHub designs and builds autonomous Smart Stores that operate 24/7 without on-site staff, utilizing robotic automation and mobile-based checkout [6].

Core Insights - VenHub Global, Inc. is enhancing its technology innovation efforts in autonomous retail solutions with the appointment of Tarang Sethia as Executive Vice President of Product & Technology [1][2] Group 1: Management Changes - Tarang Sethia has been appointed to lead VenHub's product vision and technology platform, focusing on scalable systems to accelerate Smart Store growth and improve unit economics [2] - Sethia reports directly to the CEO, Shahan Ohanessian, and is expected to drive continuous innovation in the company's technology development [2][3] Group 2: Leadership Background - Sethia brings over 20 years of experience in product and technology leadership, having previously worked at bp and 7-Eleven, where he led significant retail technology transformations [3] - His expertise includes developing customer-centric digital products and scalable commercial solutions, which will be instrumental in VenHub's growth strategy [3][4] Group 3: Product and Technology Focus - VenHub's Smart Stores utilize robotics, automation, and mobile technology to provide a seamless, unattended shopping experience, operating 24/7 [4][5] - The stores are designed for secure operations and efficient transactions, catering to a wide range of consumer needs at any time of day [4]

Core Insights - VenHub Global, Inc. has appointed Tarang Sethia as Executive Vice President of Product & Technology to enhance its autonomous retail technology innovation efforts [2][3] - The company aims to scale its Smart Store business by developing customer-centric, scalable product and technology systems [2][3] Management Changes - Tarang Sethia will oversee VenHub's product vision and operating model, reporting directly to the CEO [2] - Sethia brings over 20 years of experience in product development and technology leadership from companies like bp and 7-Eleven [3] Technology and Innovation - VenHub's Smart Stores utilize robotics, automation, and mobile technology to provide a seamless, unattended shopping experience [4][5] - The stores operate 24/7, offering a wide range of products with secure and efficient transactions [4][5] Company Background - VenHub designs autonomous Smart Stores that function without on-site staff, integrating real-time inventory tracking and mobile-based checkout [5]