Noida-based robotics startup Addverb Technologies has closed a deal for a robot order worth USD 1 billion with Mukesh Ambani-led Reliance Retail. The order is for robots with 5G technology and will be spread across four to five years.
The robots will be deployed to Reliance Industries’ (RIL’s) Jamnagar refinery and will be remote controlled by RIL, Mumbai. While Addverb did not confirm the value of the order, a Times of India report confirmed that the order will contain a fleet of Dynamo 200 bots. Legion, Addverb’s in-house fleet management system hosted in Ahmedabad will control the entire fleet that is connected via a 5G network. Reliance has not responded to the story.
Just last month, Reliance Retail bought a 54 percent stake in the intra-logistics automation provider for USD 132 million. According to the report, apart from tagging inventory, another fleet of Dynamo bots will be used separately for bagging line automation.
On February 15, the six-year-old startup also announced plans to expand its footprint to the U.S. market. Mark Messina has been appointed the CEO for its U.S. operations. Messina, who has previously worked with companies like Philips and Amazon Robotics, will be joined by Luke Lee as the Head of Marketing-Americas.
Addverb CEO Sangeet Kumar said, “So far, we have witnessed a strong appetite for robotic solutions in every international market we have ventured into. We expect a similar response from the US that caters to the world’s largest consumer market.”
- Coforge Revenue Rises 54% as AI Engineering and Deal Bookings Gain Momentum
- Tech Mahindra Partners With SpaceXSI to Bring AI Into Software Engineering
- Infosys AI Revenue Rises 29% in Q2, FY27 Growth Guidance Cut
- LTM Launches BlueVerse Industrial AI Lab in Chennai
- Chariot Launches Speech Recognition Model for 10 Indian Languages
- Meta Expects Up To $145 Billion In Capex As AI Investments Expand