Addverb gets $1 billion robot order from Reliance
By Lokmat English Desk | Published: February 21, 2022 12:29 PM2022-02-21T12:29:59+5:302022-02-21T12:29:59+5:30
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Newly-acquired Addverb Technologies has received orders worth around $1 billion, spread over four-to-five years, from Mukesh Ambani-led Reliance Industries for robots with 5G technology.
Reliance Retail picked up a majority stake in the Noida-based robotics startup for $132 million last month.
The startup is an intra-logistics automation solution provider. It builds robotics and automation solutions for factories and warehouses.
The robots will be deployed in Reliance Industries’ (RIL’s) Jamnagar refinery, a TOI report quoting sources said. They can be operated out of Mumbai, which will allow RIL to experiment with 5G tech.
Addverb said that a tagging inventory consisting of a fleet of Dynamo 200 bots is being used for intra-logistics operations inside the plant at Jamnagar.
The bots are virtually connected through a 5G network and is controlled through Legion, its fleet management system hosted over the remote server located in Ahmedabad.
In addition, a fleet of Dynamo series of bots with one ton payload capacity, virtually connected over the 5G network, have been used for bagging line automation, where they fetch the pallets of refinery bags.
It will be beneficial to set up a large robotics manufacturing plant at a single location through funding. The company plans to deploy robots at hospitals and airports in the near future.
Dealing with Reliance is likely to gain momentum. With the acquisition of shares by Reliance Industries, the market value of Edward has risen from. 26.5 million to २७ 270 million. The company is currently building 10,000 robots at its Noida plant.
Adverb has been benefiting Reliance Retail from the very beginning. It can now be seen that AdWorb's robots have been used extensively in various Reliance ventures.