Nov. 18 (Bloomberg) -- Bloomberg reported early this morning Beijing time thatIndiaRobotics companies Addverb Co-founder and CEO Sangeet Kumar said in an interview that the company intends to launch in 2025Humanoid RobotProducts.
Founded in 2016, Addverb now has more than 350 clients across 15 offices globally. India's largest private conglomerate owned by Asia's richest man, Mukesh Ambani.Reliance Group to acquire 56% shares in Addverb in 2022 and become an absolute controlling shareholder of Addverb.
Addverb unveiled the company's plans to invest in a sizable humanoid robot at NVIDIA's AI Summit 2024 India in October to a select audience.
According to the plan, Addverb will initially produce humanoid robots at a factory on the outskirts of Noida, close to India's capital, New Delhi.Production capacity of about 100 units in the first yearAddverb has completed the design of a humanoid robot that will compete with humanoid robots from other countries, targeting the American, European and Western markets.
Sangeet Kumar says Addverb's humanoid robots can perform jobs in the fashion, retail, and energy industries, thoughNo specific use cases or selling prices are mentioned.In addition, the company is in early discussions with the Indian Space Agency about a humanoid robot mission to Mars.