YY Group (NASDAQ: YYGH) Announces Strategic Partnership with Velobotics to Advance Autonomous Facility Management Capabilities in Southeast Asia

YY Group (NASDAQ: YYGH) signed a 24-month, largely non-binding partnership MOU with Velobotics to act as regional commercialization and deployment partner for VIGGO L4 autonomous cleaning fleets in Singapore and Malaysia.

Rhea-AI Summary

YY Group (NASDAQ: YYGH) signed a 24-month, largely non-binding partnership MOU with Velobotics to act as regional commercialization and deployment partner for VIGGO L4 autonomous cleaning fleets in Singapore and Malaysia. The collaboration targets integration into YY Group’s IFM portfolio to improve service quality, address labor shortages, and support margin efficiency, with an initial evaluation phase for VIGGO SC series and plans to negotiate definitive commercial agreements, though outcomes and revenue impact are not assured.

Argus May 26 session

-37.07% close to close Open Argus

Details

News Market Reaction – YYGH

In the May 26 session, YYGH declined 37.07%, reflecting a significant negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

The stock dropped -37.1% in the session following this news. A negative reaction despite strategical...

Analysis

The stock dropped -37.1% in the session following this news. A negative reaction despite strategically consistent news fits a pattern where YY Group’s partnership announcements saw modest next-day declines averaging -1.38%. The Velobotics MOU is non-binding and carries explicit caveats on deployment scale and financial impact, which may heighten skepticism. The backdrop includes a US$21.6 million IFRS net loss and recent ATM capacity of US$20 million, factors that can keep focus on dilution risk and profitability rather than long-dated automation benefits.

Key Figures

Partnership term: 24 months FY2025 revenue: US$57.2 million Revenue growth: 39.3% +5 more

Partnership term

24 months

Initial Velobotics MOU term

FY2025 revenue

US$57.2 million

Reported in May 11, 2026 strategic update

Revenue growth

39.3%

FY2025 year-over-year increase

FY2026 revenue guidance

US$103–110 million

Management outlook from May 11, 2026

IFRS net loss

US$21.6 million

Full-year 2025 loss

Non-IFRS net loss

US$7.6 million

Full-year 2025 loss attributable to shareholders

ATM capacity

US$20 million

Maximum under April 28, 2026 sales agreement

Reverse split ratio

50-for-1

Share consolidation completed March 23, 2026

Previous Partnership Reports

3 past events · Latest: Nov 03

Same Type 3 events

1. Nov 03

   Robotics partnership

   24h Move

   -2.0%

   Formalized KEENON Robotics deal for service robots across hospitality and IFM.

2. Sep 16

   Autonomous drones MOU

   24h Move

   -1.1%

   Non-binding UnoMove MOU for facade-cleaning drones with exclusive distribution.

3. Dec 20

   Digital infra partnerships

   24h Move

   -1.0%

   $5M YY Smart Tech initiative for cybersecurity, IT infrastructure, and OT solutions.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

l4 autonomous driving, deep-learning, multi-sensor fusion, memorandum of understanding, +1 more

5 terms

l4 autonomous driving technical

"Integrating L4 autonomous driving technology into our daily IFM workflows..."

Level 4 (L4) autonomous driving describes vehicles that can perform all driving tasks and handle road conditions on their own within a limited area or set of scenarios, without requiring a human to steer, brake or monitor continuously; a human can still take over if allowed. Investors care because L4 requires large up-front investment in sensors, software and testing but can open new predictable revenue streams—like robotaxis or automated delivery—while also exposing companies to regulatory, safety and capital risks.

deep-learning technical

"Built upon Velobotics' proprietary autonomous driving deep-learning architecture..."

Deep learning is a type of artificial intelligence that uses layered computer models to learn patterns from large amounts of data, similar to how a person learns to recognize faces by seeing many examples. For investors, it matters because companies that successfully apply deep learning can automate tasks, improve products or services, cut costs, and uncover new revenue opportunities — but it also brings risks from mistakes, high development costs, and evolving regulations.

multi-sensor fusion technical

"the hardware features advanced multi-sensor fusion alongside specialized..."

Multi-sensor fusion combines data from different types of sensors—such as cameras, radar, lidar or microphones—into a single, clearer picture so machines can perceive their environment more reliably. For investors, it matters because better fusion improves product performance, safety and regulatory compliance, can reduce false alarms or costly recalls, and often signals competitive advantage or higher development costs and potential market value; think of it like assembling a more complete map from multiple satellite images.

memorandum of understanding regulatory

"today announced that it has signed a non-binding Memorandum of Understanding..."

A memorandum of understanding (MOU) is a formal agreement between two or more parties that outlines their shared intentions and plans to work together. It acts like a handshake in writing, clarifying each side’s roles and expectations before any official contract is signed. For investors, an MOU signals that parties are serious about collaboration, which can influence future business opportunities and potential growth.

intellectual property regulatory

"non-binding except with respect to confidentiality, intellectual property..."

Intellectual property are legal rights that protect creations of the mind—such as inventions, brand names, designs, software, or secret formulas—giving the owner control over who can use, copy or sell them. For investors, IP is like owning a blueprint or recipe: it can generate steady income through exclusive sales or licensing, boost a company’s competitive edge and valuation, and also create costs or risks if rights must be defended or challenged in court.

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24-month partnership positions YY Group as a regional deployment partner for Velobotics' VIGGO autonomous fleets in Singapore and Malaysia.

Initiative supports the Company's strategic focus on integrating AI and L4 autonomous driving technology into high-traffic commercial environments.

Collaboration aims to enhance service quality, mitigate chronic labor shortages, and drive long-term margin expansion across YY Group's integrated facility management (IFM) portfolio.

SINGAPORE, May 26, 2026 /PRNewswire/ -- YY Group Holding Limited (NASDAQ: YYGH) ("YY Group" or the "Company"), an AI-native workforce management platform and integrated facility management (IFM) provider operating across Asia and beyond, today announced that it has signed a non-binding Memorandum of Understanding with Beijing Velobotics Tech Co., Ltd. ("Velobotics"), a leader in commercial autonomous service hardware.

Under the partnership, YY Group intends to serve as a regional commercialization and deployment partner for Velobotics' advanced VIGGO L4 autonomous floor-scrubbing and multi-purpose fleets across Singapore and Malaysia. The collaboration targets the systematic integration of these robotic assets into premium commercial environments currently managed under YY Group's extensive IFM footprint, including transportation hubs, major banking facilities, and mixed-use complexes.

The initial deployment phase is planned to evaluate the VIGGO SC series. Built upon Velobotics' proprietary autonomous driving deep-learning architecture, the hardware features advanced multi-sensor fusion alongside specialized automated docking workstations. These workstations are designed to enable hands-free operational loops, including fully automatic water replenishment, self-draining, and autonomous charging, aiming to drastically reduce manual intervention frequencies and optimize human efficiency ratios.

"Integrating L4 autonomous driving technology into our daily IFM workflows bridges the gap between traditional manual operations and high-margin smart facility management," said Mike Fu, Chief Executive Officer of YY Group. "By partnering with Velobotics to explore the deployment of self-navigating fleets, our goal is not only to elevate service quality but to structurally insulate our operating margins from regional labor shortages. This is a highly practical execution of our broader AI-native infrastructure roadmap."

The partnership aligns directly with the Agentic and Robotic Automation parameters outlined in YY Group's May 11, 2026 Strategic Update. By layering Velobotics' autonomous assets alongside its existing regional programmes, YY Group continues to execute its strategy of serving as a key institutional gateway for advanced commercial automation deployment across Southeast Asia.

The partnership has an initial term of 24 months and is non-binding except with respect to confidentiality, intellectual property, public disclosure, and governing law provisions. The Parties intend to negotiate one or more definitive agreements covering commercial terms for product purchase, deployment, and potential market development rights. There can be no assurance that the Parties will enter into definitive agreements, that products will be deployed at any specific scale, or that the collaboration will generate any specific level of revenue or operational impact.

About YY Group Holding

YY Group Holding Limited (Nasdaq: YYGH) is an AI-native workforce management platform and integrated facility management (IFM) provider, headquartered in Singapore and operating across Asia and beyond. The Company's intelligent workforce solutions platform, YY Circle, helps clients across hospitality, food and beverage, retail, and other service sectors predict, plan, and optimize workforce deployment. In YY Group's IFM business, its 24IFM software platform and comprehensive IFM subsidiary portfolio support clients across hospitality, transportation, banking, retail, and mixed-use facilities.

As both business lines scale, the Company is systematically embedding AI and automation capabilities – progressing from intelligent decision support toward increasingly autonomous workforce management – to improve service quality, reduce deployment costs, and drive long-term margin expansion. Listed on the Nasdaq Capital Market, YY Group is committed to infrastructure innovation, measurable client outcomes, and long-term value creation.

Safe Harbor Statement

This press release contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the YY Group Holding Limited's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. These factors include, but are not limited to, (i) growth of the hospitality market across Southeast Asia, Hong Kong, and other markets in which the Company operates, (ii) capital and credit market volatility, (iii) local and global economic conditions, (iv) our anticipated growth strategies, (v) governmental approvals and regulations, (vi) our ability to successfully develop, deploy, and commercialize our AI-powered products and capabilities, including through strategic partnerships, and (vii) our future business development, results of operations and financial condition. In some cases, forward-looking statements can be identified by words or phrases such as "may," "will," "expect," "anticipate," "target," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. All information provided in this press release is as of the date of this press release, and YY Group Holding Limited undertakes no duty to update such information, except as required under applicable law.

Investor Contact
Jason Zhi Yong Phua, Chief Financial Officer
YY Group
enquiries@yygroupholding.com

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SOURCE YY Group Holding Limited

FAQ

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What did YY Group (NASDAQ: YYGH) announce on May 26, 2026 regarding Velobotics?

YY Group announced a 24-month strategic partnership MOU with Velobotics to commercialize and deploy VIGGO L4 autonomous fleets in Singapore and Malaysia. According to YY Group, the collaboration targets integration of these robots into its managed transportation hubs, banking facilities, and mixed-use complexes.

What are the key terms and duration of the YYGH and Velobotics partnership?

The YY Group–Velobotics partnership is a 24-month MOU that is largely non-binding, except for items like confidentiality and intellectual property. According to YY Group, the parties plan to negotiate definitive agreements covering product purchase, deployment, and potential market development rights.

How will Velobotics VIGGO autonomous fleets be used in YY Group facility management operations?

YY Group intends to integrate Velobotics VIGGO L4 floor-scrubbing and multi-purpose fleets into its integrated facility management portfolio in Singapore and Malaysia. According to YY Group, deployments will focus on high-traffic commercial environments, aiming to reduce manual intervention and improve human efficiency ratios.

What does the Velobotics partnership mean for YY Group (YYGH) automation strategy?

The partnership supports YY Group’s strategy of embedding AI and L4 autonomy into daily IFM workflows. According to YY Group, it aligns with its Agentic and Robotic Automation parameters and broader AI-native infrastructure roadmap, targeting smarter facility management and potential long-term margin resilience.

Is the YY Group and Velobotics agreement binding and what risks are disclosed?

The agreement is a non-binding MOU, except for clauses on confidentiality, IP, disclosure, and governing law. According to YY Group, there is no assurance the parties will sign definitive agreements, deploy products at scale, or achieve specific revenue or operational impacts.

In which markets will YY Group deploy Velobotics VIGGO robots under this partnership?

YY Group plans to act as a regional deployment partner for Velobotics VIGGO fleets in Singapore and Malaysia. According to YY Group, initial deployments will evaluate the VIGGO SC series within its managed premium commercial sites, including transportation hubs, major banking facilities, and mixed-use complexes.