Addverb Eyes $100 Mn Raise to Push From Warehouse Bots Into Humanoids
Reliance-backed Addverb is lining up a $100M+ round to fund humanoids, quadrupeds and lidar, on top of a ₹1,300 cr FY revenue run-rate and a $200M order book. Clients include Reliance, Lenskart and HUL; IPO targeted once revenue hits ₹4,000-5,000 cr, with profitability pencilled in for FY27.
Reliance-backed robotics firm Addverb plans to raise over $100 million to expand from warehouse automation into humanoids, quadrupeds and lidar sensors. Customers include Reliance, Lenskart and HUL; revenue projected at ₹1,300 crore this fiscal.