Reliance-Backed Addverb Targets $100 Million Fundraise to Challenge Global Robotics Giants

Addverb Technologies, a robotics and automation company backed by Reliance Industries, is targeting a $100 million fundraising effort to strengthen its global position in the robotics market. The funds will support expansion of its product lineup, increased manufacturing capacity, and competition with international players like Tesla and major Chinese manufacturers. The company, which already provides warehouse automation and autonomous mobile robots for industries such as e-commerce, retail, and logistics, aims to leverage the capital to accelerate innovation and international growth. Reliance Industries acquired a majority stake in Addverb in 2022, offering financial backing and global expansion opportunities. Addverb is expanding beyond warehouse automation into humanoid robotics, a sector gaining traction with investments from companies like Tesla and Chinese firms. The company is focusing on integrating advanced robotics, artificial intelligence, and machine learning to develop competitive solutions while tapping into India’s growing engineering talent pool. The global robotics market is experiencing strong growth as businesses adopt automation to address labor shortages and improve efficiency. Addverb’s existing products are already deployed across multiple industries and international markets, positioning the company to capitalize on the next phase of robotic innovation. Analysts note that India’s robotics ecosystem is still developing compared to global leaders, but increased investment and government support could help domestic companies gain a foothold. The proposed funding round aligns with the sector’s long-term potential, allowing Addverb to accelerate product development and expand its global footprint.