As workers are fleeing retail stores in record numbers while a great AI and robotics revolution is taking place, it’s high time for convenience stores to enter a new era. One company is spearheading the transition with five times higher margins, more efficiency and full 24/7 automation. It already has 800 preorders worth around $200 million, and just recently, it signed a strategic nonbinding Letter of Intent with a renowned NASDAQ-listed Special Purpose Acquisition Company, which could pave the way for its own Nasdaq listing. You can invest in it at $9.38 per share while it’s still private.

VenHub’s Shares Have Tripled In Price And It’s Not Even Public Yet

A little over a year ago, VenHub’s pre-IPO shares stood at only $2.83. The price has tripled since then, and a further increase seems realistic given the company’s prospects and popularity with investors. The space for disruption it’s gunning for is quite substantial, given that the convenience store industry generates $654 billion per year. However, finding and keeping a reliable workforce poses a huge challenge due to tight margins and unpopular working conditions. McKinsey reports that workers in retail and hospitality are quitting their jobs at a higher rate than in any other U.S. sector. The easiest way to solve this with modern technology is to introduce robots.

((Image courtesy of VenHub)) 

VenHub has developed fully automated, unattended, and hyper-efficient convenience stores that can 5x profit margins while drastically reducing costs. While traditional stores can cost up to $1.5 million to build, it takes as little as $50k to set up a VenHub store. On top of that, it takes as little as seven days from start to finish to construct a VenHub smart store, and it’s possible to relocate it with a single semi-truck.

Making Convenience Stores More Convenient

On the consumer side, VenHub also brings significant advancements to the shopping experience. Users can pre-order and pick up what they need using an app, avoiding crowds, searching for products between the aisles, waiting at cashiers, and tipping workers.

The proof of concept is already there. People have been spending billions each year on vending machines, and the experience of a VenHub smart store is almost the same, only on a much bigger scale. Unlike Amazon’s “workerless” stores, which were revealed to be heavily reliant on the human workforce, VenHub’s stores are fully automated. Customers can simply tap on the products they want on a screen, wait for robots to drop the items in front of them, and pick them up. Additionally, the storefronts are made out of bulletproof glass, discouraging potential shoplifting, which is a huge problem for many stores today.

Clients in the convenience store business seem to be very enthusiastic about the product, given the 800 preorders worth approximately $200 million. However, VenHub’s profits do not end once the product is shipped. The company will also offer financing and revenue-sharing options, as well as sell products directly to the stores to resupply them. Owners will also cover a SAAS subscription fee & maintenance fee after the first year to maintain the stores, software, and licenses. This structure ensures consistent and reliable income for VenHub, while the owners can focus on other areas.

VenHub’s agreement with the NASDAQ-listed Special Purpose Acquisition Company could set the stage for the startup’s Nasdaq listing. For now, however, it remains private. The current offering, which allows you to get a stake in the company, has seen outstanding success. It has raised over $1.7 million, so the leadership thinks it’s time to wrap it up. Luckily, you can acquire the company’s shares until August 21st.

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