Addverb Technologies, the leading robotics and automation company in India, is further expanding its presence across the markets of Europe, Singapore, and Australia. This strategic initiative stems from increased demand for robotics and automation solutions in the global market. The global robotics market was valued at USD 27.73 billion in 2020 and is expected to reach USD 74.1 billion by 2026, registering a CAGR of 17.45%, during the period of 2021-2026.
Established in June 2016, Addverb has seen a meteoric rise and clocked an approximate revenue of around 27 Million USD in FY 2020-21. They inaugurated a state-of-the-art manufacturing facility, “Bot-Valley” which also houses a well-equipped R&D facility at Noida in March 2021. The company has one of the widest robotic and automation product portfolio in the whole world and has more than 100 customers including the likes of Reliance, Flipkart, Amazon, Hindustan Unilever, Coca-Cola, PepsiCo, Future Supply Chain, Marico among others.
Commenting on the global expansion plans, Sangeet Kumar, CEO, Addverb Technology said, “We are glad to announce that we are taking Addverb Technologies global in the international robotics and automation marketplace. With this expansion, we aim to fully exploit the potential across the European, Australian, Asian and American markets, providing an end-to-end product portfolio powered by AI, Machine Learning, Deep Learning, Computer Vision & IoT which will streamline warehousing and factory operations and will help customers create warehouses with higher levels of efficiency, accuracy and flexibility”
The company has created a very powerful software platform, “Mobinity”, a warehouse control system that helps in integrating different automation products in a single warehouse. Not only is the software highly modular but also hardware agnostic and can be integrated with any product. With the state-of-the-art manufacturing facility, they have the capability to deliver more than 50,000 robots of different types in a year and can deliver a large scale highly automated warehouse within four months. They have also deployed a Micro-Fulfilment centre for a leading E-commerce company based out of India. Their extensive experience in automating warehouses from 2000 Sq. Ft. (Micro-Fulfilment Centre) to 10 Lakh Sq. Ft. (Mega Distribution Centres) helps them to create a unique mix of technology solutions which are one of their kind in the whole world.
“We have already deployed some very innovative solutions for customers in India and have solved their pain points in warehousing operations with a mix of robust and customizable hardware and agile and intelligent software. We understand that any automation solution requires extensive handholding of the customer in the initial stages and we have built that human touch in our processes to ensure the deployment is successful. We will create a global service team which will remain with the customer long after our solutions have been deployed.,” Kumar added.