• ABOUT
  • CONTACT
  • TEAM
  • TERMS & CONDITIONS
  • GUEST POSTS
Wednesday, June 25, 2025
  • Login
Economy India
No Result
View All Result
  • Home
  • Economy
  • Business
  • Companies
  • Finance
  • People
  • More
    • Insurance
    • Interview
    • Featured
    • Health
    • Technology
    • Entrepreneurship
    • Opinion
    • CSR
    • Stories
  • Home
  • Economy
  • Business
  • Companies
  • Finance
  • People
  • More
    • Insurance
    • Interview
    • Featured
    • Health
    • Technology
    • Entrepreneurship
    • Opinion
    • CSR
    • Stories
No Result
View All Result
Economy India
No Result
View All Result
Home Technology

Addverb Gets $1billion Robot Order From Reliance Industries

by Economy India
May 1, 2023
Reading Time: 2 mins read
FEATURED IMAGE ECONOMY INDIA 1 1
0
SHARES
0
VIEWS
Share on FacebookShare on XShare on Linkedin

According to a report as Newly-acquired Addverb Technologies has received orders worth around $1 billion, spread over four to five years, from Mukesh Ambani-led Reliance Industries for robots with 5G technology.

Reliance Retail picked up a majority stake in the Noida-based robotics startup for $132 million last month.

The startup is an intra-logistics automation solution provider. It builds robotics and automation solutions for factories and warehouses, the report said.

The robots will be deployed in Reliance Industries (RIL’s) Jamnagar refinery, a TOI report quoting sources said. They can be operated out of Mumbai, which will allow RIL to experiment with 5G tech.

Addverb said that a tagging inventory consisting of a fleet of Dynamo 200 bots is being used for intra-logistics operations inside the plant at Jamnagar. The bots are virtually connected through a 5G network and is controlled through Legion, its fleet management system hosted over the remote server located in Ahmedabad, the report said.

In addition, a fleet of Dynamo series of bots with one ton payload capacity, virtually connected over the 5G network, have been used for bagging line automation, where they fetch the pallets of refinery bags. (Economic Times)

Tags: 5G TechnologyAddverb TechnologiesMukesh AmbaniReliance Industries
Economy India

Economy India

Economy India is one of the largest media on the Indian economy. It provides updates on economy, business and corporates and allied affairs of the Indian economy. It features news, views, interviews, articles on various subject matters related to the economy and business world.

Next Post
FEATURED IMAGE ECONOMY INDIA 1 1

RBI’s Dovish Inflation View Pushes Back India Tightening Calls

Popular News

  • Innovation and Startup Funding Essential for Developed India: ASSOCHAM

    Innovation and Startup Funding Essential for Developed India: ASSOCHAM

    0 shares
    Share 0 Tweet 0
  • No Charges for Updating Nominee Details in PPF Accounts: Finance Minister Nirmala Sitharaman

    0 shares
    Share 0 Tweet 0
  • Startup Mahakumbh 2025: Piyush Goyal to Inaugurate India’s Biggest Startup Fest

    0 shares
    Share 0 Tweet 0
  • PM Narendra Modi Embarks on Official Visits to Thailand and Sri Lanka to Strengthen Regional Ties

    0 shares
    Share 0 Tweet 0
  • India Poised to Strengthen Global Trade and Manufacturing Amid US Tariff Shifts

    0 shares
    Share 0 Tweet 0
  • ABOUT
  • CONTACT
  • TEAM
  • TERMS & CONDITIONS
  • GUEST POSTS

Copyright © 2024 - Economy India | All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Economy
  • Business
  • Companies
  • Finance
  • People
  • More
    • Insurance
    • Interview
    • Featured
    • Health
    • Technology
    • Entrepreneurship
    • Opinion
    • CSR
    • Stories

Copyright © 2024 - Economy India | All Rights Reserved