Technology Snapshot
A concise view of platform maturity and deployment footprint.
Flagship PlatformELIXIS-W
Addverb Technologies
PrivateIndian warehouse automation company founded in 2016 in Noida by four former Asian Paints colleagues. Serves global clients including Amazon, Flipkart, Coca-Cola, and P&G. Unveiled made in India humanoid ELIXIS-W powered by NVIDIA Jetson, with presence across India, USA, Germany, and Dubai.
Founded 2016$132M raised
Humanoid Robots
1 Humanoid RobotIntroduction
Addverb Technologies is a Noida, India-based global robotics company specializing in warehouse automation and intralogistics. Backed by Reliance Industries' $132 million investment, Addverb operates one of the world's largest robot manufacturing plants in India with capacity for 100,000 robots annually.
Technology
Platform maturity, autonomy stack, and flagship-system specifications in one view.
ELIXIS-W Specs
Published operating specifications for the lead system.
Degrees of Freedom41
Investors
April 30, 2024Company MilestoneCorporate
Addverb broadens its global footprintThe company expanded globally with subsidiaries in the US, Singapore, Netherlands, and Australia, serving 100+ customers.
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Valuation History
Follow Addverb Technologies's valuation growth through its funding rounds.
Management Team
Company Story
Addverb Technologies is a Noida, India-based global robotics company specializing in warehouse automation and intralogistics. Backed by Reliance Industries' $132 million investment, Addverb operates one of the world's largest robot manufacturing plants in India with capacity for 100,000 robots annually.
- June 24, 2016
Addverb is founded in Noida
Addverb was founded in 2016 in Noida, India, by five co-founders led by CEO Sangeet Kumar, building a homegrown Indian robotics company for warehouse automation.
NoidaWarehouse automation - 2021 - 2025
Bot-Valley and Bot-Verse scale production
Addverb inaugurated Bot-Valley (50,000 robots/year capacity) in 2021 and Bot-Verse (100,000 robots/year), one of the world's largest robot manufacturing plants. Products include the Dynamo AMR, Zippy sorting robot, and Veloce picker.
Bot-ValleyBot-Verse - January 18, 2022
Reliance becomes the strategic owner
Early funding came from Jalaj Dani (Asian Paints co-promoter) and GAIL India. The transformative moment came in January 2022 when Reliance Retail acquired 54% for $132 million, opening doors to Amazon, Flipkart, and FMCG companies.
Reliance54% stake - April 30, 2024
Addverb broadens its global footprint
The company expanded globally with subsidiaries in the US, Singapore, Netherlands, and Australia, serving 100+ customers.
Global expansion100+ customers