What They Build
Addverb builds warehouse automation systems, including mobile robots, sortation, storage and retrieval systems, picking systems, and warehouse software. It is extending into humanoid and quadruped robots for industrial use.
Why They Matter
Warehouse automation is one of the few robotics categories where India can build for domestic scale and export at the same time. Addverb matters because it has reached manufacturing and deployment scale unusual for an Indian robotics company. Its next test is product depth as global warehouse robotics becomes more competitive.
Founders
Sangeet Kumar, Satish Shukla, Bir Singh, Neeraj Sharma, Amit Kumar
Recent Milestones
- $132M investment from Reliance Retail Ventures for a ~54% majority stake announced in January 2022, then the largest disclosed investment in an Indian robotics startup
- Bot-Verse mobile-robot factory opened in Greater Noida in June 2023, with stated capacity of about 100,000 robots per year
- Elixis-W wheeled humanoid robot launched at LogiMAT India in February 2026
- Plans reported in June 2026 to raise over $100M for humanoid robots, AI systems, and lidar manufacturing, with roughly half of revenue from outside India