Addverb Technologies, an Indian robotics and automation solutions company, has announced expansion of its presence across the markets of Europe, Singapore, and Australia. For this, Addverb has established wholly-owned subsidiary companies in Singapore, Australia and Netherlands.
Addverb Technologies’ Strategic Global Expansion Plan after Domestic Domination
Addverb Technolgies, a startup established in June 2016 by former Asian Paints Executive, Mr. Sangeet Kumar, has grown exponentially, touching approximate revenue of around US$ 27 Million (₹ 200 Crore) in FY 2020-21.
In March 2021, Addverb inaugurated a manufacturing facility named “Bot-Valley” which also houses a well-equipped R&D facility at Noida. The facility can deliver more than 50,000 robots of different types in a year. Its customers include companies like Reliance, Flipkart, Amazon, Hindustan Unilever, Coca-Cola, PepsiCo, Future Supply Chain, Marico among others.
After acquiring customers in the Indian domestic market, and driven by increased demand for robotics and automation solutions in the global market, Addverb is strategically taking its footprint global. According to a report by Mordor Intelligence, global robotics market was valued at US$ 27.73 billion in 2020, and is expected to reach US$ 74.1 billion by 2026 at an expected CAGR of 17.45% during the period of 2021-2026.
Commenting on the global expansion plans, Mr. Sangeet Kumar, CEO, Addverb Technology said “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”.
Robotics and Complete Warehouse Automation Offerings by Addverb
With the starting of its manufacturing unit, Addverb has extended its product range from different types of material movement robots to advanced automated cobots which can work alongside humans. However, the company owes its customer base and success, despite being a startup, to its strong warehouse solution offerings.
Addverb offers proprietary software platform ‘Mobinity’, a warehouse control system that helps in integrating different automation products in a single warehouse. Alongwith software it also supplies compatible hardware which helps in establishing completely automated warehouses. With the e-commerce boom in India many companies have availed Addverb’s services to streamline their warehouse operations.
Talking in this context Mr. Sangeet Kumar added “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”.
Addverb Technolgies is an example for the huge opportunities that Indian market offers to companies (whether startups, MSMEs or large Industries) that can provide appropriate, innovative and quality solutions.