Indian robotics firm Addverb receives order worth USD 1 Bn from Reliance
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.”
Legion, Addverb’s in-house fleet management system hosted in Ahmedabad will control the entire fleet that is connected via a 5G network.
Legion, Addverb’s in-house fleet management system hosted in Ahmedabad will control the entire fleet that is connected via a 5G network.
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["programming_languages:R", "AI", "automation", "ai_applications:robotics", "R", "startup"]
["AI", "R", "automation", "startup", "programming_languages:R", "ai_applications:robotics"]
Poulomi is a Technology Journalist with Analytics India Magazine. Her fascination with tech and eagerness to dive into new areas led her to the dynamic world of AI and data analytics.