# 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.

- Type: Investment
- Announced: 2022-01-18
- Where: India
- Value: $132.0M
- Status: announced
- Capacity: 50,000 robots per year
- Products: robots, automation solutions
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [Addverb Technologies](https://endata.com/companies/53647.md)
- [Reliance Retail](https://endata.com/companies/60419.md) (investor)

## Sources

- [cnbctv18.com](https://www.cnbctv18.com/business/companies/reliance-retail-invests-132-million-in-addverb-technologies-startup-to-deploy-robots-across-hospitals-and-airports-12161172.htm), 2022-01-18: "Reliance Retail has invested $132 million in robotics startup Addverb Technologies."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.