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Robotics & automation firm Addverb Technologies to further expand globally

Published by :Business Standard

8th Sept 2021

Addverb Technologies, which provides robotics and automation tech to customers such as Reliance, Flipkart and Amazon said it is further expanding its presence across the markets of Europe, Singapore, and Australia. This strategic initiative stems from increased demand for robotics and automation solutions in the global market.

The global robotics market was valued at $27.73 billion in 2020 and is expected to reach $74.1 billion by 2026, registering a CAGR of 17.45 per cent, during the period of 2021-2026.

“We are taking Addverb Technologies global in the international robotics and automation marketplace,” said Sangeet Kumar, CEO and co-founder of Addverb Technologies. “With this expansion, we aim to provide an end-to-end product portfolio which will streamline warehousing and factory operations and will help customers create warehouses with higher levels of efficiency, accuracy and flexibility”

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