Quick Take
- Reliance-backed Addverb Technologies is raising over $100 Mn (Rs 836 Cr) to build humanoid and quadruped robots.
- This is Addverb’s first major raise since Reliance’s $132 Mn deal for a 54% stake in 2021.
- Funds target AI training, proprietary lidar, and a global top-10 robotics rank within five years.
In This Article
Indian robotics startup Addverb Bags Bold plans to raise over $100 Mn (Rs 836 Cr) to build humanoid robots and challenge rivals from China, Japan, and the United States.
The Noida-based firm is controlled by Mukesh Ambani’s Reliance Industries. CEO Sangeet Kumar told Bloomberg the company will use the cash for humanoid and quadruped robots, AI training systems, and its own lidar sensors. Addverb already sells warehouse robots in markets including the US, the Netherlands, and Australia.
StartupFeed Insight
The real signal here is not the $100 Mn cheque, it is the bet on vertical integration. By building its own lidar after two years of work, Addverb is trying to dodge the China component trap that squeezes margins for every robot maker. Reliance’s warehouse and retail network gives Addverb a captive testing ground that pure-play startups lack. Watch this closely if you track deep-tech or physical AI. StartupFeed predicts Addverb will close this round and reveal a humanoid production target above 100 units by March 2027, ahead of any stock market debut. By StartupFeed Desk.
Deal Breakdown: The Numbers
Addverb Technologies is seeking more than $100 Mn (Rs 836 Cr) in fresh institutional funding, according to CEO Sangeet Kumar speaking to Bloomberg. The raise marks the company’s first major capital push since 2021.
| Metric | Detail | Notes |
|---|---|---|
| Target Raise | Over $100 Mn (Rs 836 Cr) | Terms not yet disclosed (company) |
| Round Type | Institutional funding | First major raise since 2021 |
| Previous Round | $132 Mn (Rs 984 Cr), 2021 | Reliance bought 54% stake (MCA) |
| Lead Investor | Reliance Industries | Largest shareholder (company) |
| FY Revenue Target | Rs 1,300 Cr ($136 Mn) | Order book near $200 Mn (company) |
| Announcement Date | June 10, 2026 | Reported by Bloomberg |
The most striking number is the order book. A backlog near $200 Mn (Rs 1,672 Cr) gives Addverb revenue visibility as it bets heavily on unproven humanoid hardware.
About Addverb Technologies
Addverb Technologies builds robots that sort goods and move material inside warehouses for logistics, retail, and electronics firms. Founded in 2016 by six former Asian Paints engineers including Sangeet Kumar, Prateek Jain, and Bir Singh, it is based in Noida, Uttar Pradesh. It sells across two dozen countries. Top backer Reliance Industries holds roughly 54%, with founders and staff owning about 20%.
How Will Addverb Use the Funds?
Addverb will spend the new capital on humanoid and four-legged robots, AI model training, data infrastructure, and proprietary lidar sensors. The plan is to cut dependence on imported parts and protect margins.
“Mobile robots taught us navigation, cobots taught us manipulation, quadrupeds taught us stability. Humanoids are the natural next step that combines all these into a single, general-purpose machine,” CEO Sangeet Kumar said.
Addverb has already shown its Elixis-W wheeled humanoid and Trakr quadruped at the India AI Impact Summit 2026. Early plans target about 100 humanoid units over the next year for five to six pilot customers. The firm has also partnered with India’s defence research arm on robotics use cases.
Can Addverb Really Take On China?
Addverb estimates it sits just outside the world’s top 30 robotics firms by revenue today, and wants a top-10 spot within five years. That means growing roughly 5x while still chasing net profitability.
| Player | Home Base | Edge |
|---|---|---|
| Addverb | India | Low-cost manufacturing, Reliance network |
| Unitree | China | State subsidies, dense supply chain |
| Tesla Optimus | United States | Brand, deep capital, AI stack |
Chinese rivals enjoy government subsidies and a tight supply chain that India cannot yet match. What makes Addverb different is its mix of cheap Indian production and a captive Reliance demand base across grocery, fashion, and petrochemicals.
What’s Next
Watch for Addverb to confirm the lead investor and final round size in the coming months. Kumar has flagged a possible stock market debut within a few years, so a clear path to profitability by the fiscal year ending March 2027 will matter most. Can an India-born robot maker really crack the global top 10, or will China’s cost edge prove too steep?
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Last updated: June 11, 2026 at 14:30 IST
Disclaimer: This article is for informational purposes only and does not constitute investment advice. StartupFeed and its authors are not SEBI-registered investment advisors. The analysis above is based on publicly available information and should not be the sole basis for any investment decision. Please consult a SEBI-registered financial advisor before making investment decisions.
Written by Avinash. Published: June 11, 2026. Updated: June 11, 2026. Have a tip? Write to us at editorial@startupfeed.in.
