Addverb, a Reliance-backed automation firm, seeks to reach a $100 million topline by the end of FY25.

Addverb, an Indian robotics firm backed by Reliance Group, aims to achieve revenue of $100 million in FY25 and $1 billion in the next five years. The company has been in the business of industrial robotics and warehouse automation and has customers such as Flipkart, ITC, and Unilever. Addverb has recently entered the humanoid robot market and is developing robots that can navigate complex environments using self-learning algorithms. The company is working on a humanoid robot with 39 DOF and plans to develop one with 54 DOF in the future. Addverb is also developing an AI model to train the robot on general tasks. The company is working closely with partners such as Reliance, Intel, Nvidia, and Texas Instruments to build humanoids. Addverb will utilize Jio AI Platform and 5G services and deploy it across Reliance’s businesses. The company is building humanoids at its BotValley facility in Noida and plans to produce equipment at scale at its second facility, BotVerse.