The country’s largest home-grown robotic and automation solutions company, Addverb Technologies, has unveiled India’s first-ever Assistive Dog robot, a collaborative robot (cobot) an advanced medical cobot for rehabilitation and imaging.
Addverb”s Assistive Dog robot, Trakr operates autonomously and carries out surveillance, facility inspections, and patrols for security, construction, oil exploration and defence sector. Heal, a medical cobot marks Addverb’s entry into healthcare robotics. It is a human-robot interaction for physical and rehabilitation therapy for stroke patients. It is also capable of remote imaging procedures like ultrasound and MRI scans.
Addverb also launched, Syncro, which has been engineered to work alongside humans in shared space, for workplace collaboration and productivity in factories and warehouses. Reliance Industries-backed Addverb started with warehouse and industrial automation in India and has forayed into the global markets. Addverb received $ 132 million from Reliance in 2022 and Series A funding of $ 10 million in 2018 from Jalaj Dani of Asian Paints and GAIL, among other investors.
These launches are part of the company’s production expansion plans and diversifying into new segments. Addverb plans to foray into airport automation with autonomous vehicles and robots to handle baggage. Sangeet Kumar, co-founder and CEO, Addverb, said with these new products, they were exploring new possibilities in the robotics and automation space. Trakr’s agility, Heal’s precision and Syncro’s collaborative prowess and adaptability in manufacturing would redefine operational standards and shape future automation, he said.
Satish Shukla, co-founder, Addverb Technologies, when business is growing and doing 10x to 100x business, companies cannot have a fixed line and fixed robot. They need it to be more flexible and something that can work with humans, and a collaborative robot will help line change and production capabilities based on the business need., Shukla said.
The cobot market is poised for substantial growth and is projected to increase from $ 1.2 billion in 2023 to nearly $ 7 billion by 2029. Addverb is aspiring to reach a turnover of Rs 6,000 crore by 2026, with growth expected from both the Indian and export markets, Shukla said.
The company has also invested in geographical expansion in the US, Europe, Australia and the Middle East. “We already have a base in Europe. Due to labour shortage, there is a lot of demand for automation. Our products have been proven in the last five years, I think these are the factors that are going to drive the boom in the entire warehouse automation category,” Shukla said.
“There is no like-to-like competitor of ours. If you see, our product portfolio is wide. There is no like-to-like competitor for us,” says Shukla.
There are global companies like Swisslog. Dematic, Japanese companies such as Armstrong, Daifuku, US company, Bastian. Adverb competes with some of these companies. A diverse product portfolio is a differentiator for them, adds Shukla.
Addverb has the country’s largest robot manufacturing plant in Greater Noida with a capacity to make one lakh units and one of their software development centres is based in Pune. Addverb works with FMCG, fashion, e-commerce, oil refinery, paints, chemicals, retail automotive consumer durables sectors.