Reliance Retail invests $132 million in Addverb Technologies

Reliance Retail invested $132 million in robotics startup Addverb Technologies, becoming its largest shareholder. The funds will accelerate expansion in Europe and the US and enable a new robotic manufacturing facility with capacity for 50,000 robots per year.

“Reliance Retail has invested $132 million in robotics startup Addverb Technologies.”cnbctv18.com

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• cnbctv18.comReliance Retail invests $132 million in Addverb Technologies; startup to deploy robots across hospitals and airports - CNBC TV18Aishwarya AnandJan 18, 2022

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