Addverb plans USD 100 million raise as the Ambani-backed robotics company looks to strengthen its position in the rapidly growing global automation and artificial intelligence market.
The Indian robotics firm is seeking fresh capital to accelerate the development of advanced technologies, including humanoid robots, quadruped robots, and AI-powered automation systems.
With ambitious expansion plans and a growing international presence, Addverb plans USD 100 million raise to compete with some of the world's largest robotics companies and establish itself as a leading player in the sector.
The fundraising move comes at a time when demand for robotics, warehouse automation, and AI-driven solutions is increasing across industries worldwide. Backed by Reliance Retail, Addverb is aiming to leverage the new capital to enhance its technology portfolio and expand its global footprint.
The proposed funding round will support the company's next phase of growth, with a strong focus on developing cutting-edge robotics technologies. According to company leadership, the investment will be directed toward:
The company believes that investing in core technologies will help India build globally competitive robotics products while reducing dependence on foreign suppliers.
Founded in 2016 by four former Asian Paints engineers, Addverb has grown into one of India's leading robotics and warehouse automation companies. The company currently operates across major international markets, including the United States, Australia, and the Netherlands.
Addverb's Chief Executive Officer, Sangeet Kumar, said the company aims to break into the world's top 10 robotics companies within the next five years and enter the top five globally within a decade.
Currently, the company estimates that it ranks just outside the top 30 robotics firms worldwide by revenue. To achieve its ambitious goals, Addverb is focusing on innovation, international expansion, and increased investment in research and development.
Addverb expects revenue of around Rs 1,300 crore during the current financial year. The growth outlook is supported by an order book valued at approximately USD 200 million, providing strong visibility for future business expansion.
While the company is exploring the possibility of an initial public offering (IPO), management believes it is still too early for a stock market debut. According to company executives, Addverb may consider going public once annual revenue reaches the Rs 4,000 crore to Rs 5,000 crore range.
The company's latest fundraising effort reflects the broader momentum within India's robotics and artificial intelligence ecosystem. As global competition intensifies, Addverb is positioning itself as a homegrown technology champion capable of competing with established robotics players from the United States, China, and Japan.
Addverb Technologies is an Indian robotics and warehouse automation company founded in 2016. The company specializes in industrial robotics, automation solutions, software platforms, and AI-driven technologies for supply chain operations.
Reliance Retail holds a controlling stake in Addverb, making it one of the key technology investments within the Reliance ecosystem. The company serves customers across multiple countries and continues to expand its presence in global robotics and automation markets.
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