Addverb to deploy its robots in RIL’s Jamnagar Refinery
Noida-headquartered Addverb has recently closed a $1 billion worth deal to deploy their robots in Reliance Industries' Jamnagar Refinery. The robotics and automation solution provider has earlier announced that they are planning to expand operations outside India.
Last month, the six-year old startup announced that they were raising $132 million from Reliance Industries in return for a majority shareholding. During the announcement, they had said that while Reliance was already a strong partner, most of their revenue came from other sources. Today, that relationship seems to have grown even stronger to the benefit of both parties.
The $1 billion order will be spread out over the next four to five years. Addverb mentioned that the robotic logistical support they will be providing can be completely controlled remotely.
The fleet of Dynamo 200 robots to be deployed in Jamnagar are connected via a 5G network, and controlled through Addverb's in-house fleet management system called Legion. Legion is hosted in Ahmedabad, and can be controlled by someone sitting in Mumbai!
Addverb was founded in 2016 by five Asian Paints alumni, and has raised money from Asian Paints promoter Jalaj Dani and GAIL Limited, and Reliance among others.
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