Addverb seeks $100M+ to chase humanoid-robot ambitions, scale global footprint
Reliance-backed Addverb is in talks with existing and new investors to raise over $100 million, earmarked for humanoid-robot R&D, manufacturing expansion and overseas growth. Its industrial robots already serve e-commerce, FMCG, automotive and pharma clients.
What happened
Reliance-backed warehouse-automation firm Addverb is in talks to raise over $100 million from existing and new investors to fund humanoid-robot development,
Key facts
- $100 million
- $132 million
- 2022
Why this matters
Addverb's planned overseas expansion and humanoid-robot R&D push could reshape M&A and partnership dynamics across global warehouse automation, particularly in pharma and automotive verticals.