Archive · 22 May 2025
Reliance-Backed Addverb Expects Growth in Industrial Automation
Addverb, a robotics company backed by Reliance, is expecting big growth.
They design and make robots in India, with components from various countries.
Their robots are used in warehouses, factories, and hospitals.
Reliance invested a lot of money in them, and now they own most of the company.
Addverb is expanding, especially in the U.S. They face competition from Chinese companies.
They aim to help businesses with automation, which changes job skills.
They are working on new solutions for quick commerce, like fast delivery services.
Addverb is working to expand its international reach.
Addverb, a robotics company, anticipates significant revenue growth outside of India, particularly in the U.S.
The company designs and manufactures robots in India, sourcing components globally.
Reliance invested $130 million in Addverb in 2021, acquiring a 54% stake.
Addverb's robots are deployed in diverse sectors including manufacturing and healthcare.
The company faces challenges in the quick commerce sector due to space constraints.
- Who
- Addverb, a robotics company, backed by Reliance
- What
- Addverb is expanding its robotics business and international presence.
- When
- Founded in 2016; expecting growth by next year.
- Where
- Noida, India; Fairmont, U.S.
- Why
- To meet growing demand for automation and expand business operations.
- Company Name
- Addverb
- Reliance Stake
- 54%
- Founded
- 2016
- Initial Funding
- $1 million (2016)
- 2021 Investment
- $130 million (Reliance)
- Current Revenue Split
- 60% from India
- Expected Revenue Growth (Outside India)
- 60-70%