Thursday, March 23, 2023

Zoho invests Rs 20 crore in robotics startup doing the job to remove manual scavenging – Hourly Primary Information

CHENNAI: In line with its mission to nurture deep tech options, Zoho Corp has invested Rs. 20 crore in Genrobotics, a startup creating robotics and AI-driven solutions to aid deal with hazardous doing work situations.
Zoho’s expenditure is aimed at serving to Genrobotics attain the scale wanted to eradicate handbook scavenging in India and present basic safety and dignity to personnel in the sanitation and oil and gas industries.
Genrobotics’ solutions are absolutely intended and made in the place and its principal offering is the Bandicoot robot, a robotic scavenger, which will help thoroughly clean confined areas this kind of as sewers manholes, sewer wells, storm drinking water manholes, oily h2o sewers and storm water sewers in refineries. The Trivandrum-primarily based startup has also not too long ago ventured into health care and launched a robotic-assisted gait education solution—G Gaiter—to aid recovery of persons with paraplegia. The investment decision will be made use of to broaden R&D infrastructure, construct significant-scale manufacturing amenities, retain the services of far more talent, and raise the startup’s exports to ASEAN marketplaces.
“Nurturing a flourishing deep-tech ecosystem in India is one of Zoho’s priorities, and the financial commitment in Genrobotics is a continuation of that commitment,” Sridhar Vembu, CEO and co-founder of Zoho Corp, reported. “Making these kinds of technological competencies and crucial know-how regionally can assistance foster sustainable advancement throughout essential sectors, like industrial producing, health care, and power, in switch generating the state economically much better and self-reliant.” When quizzed on Zoho’s ideas to get into energetic deep tech investing , Vembu claimed they appear for companies that share certain similarities with Zoho- a very long-time period R&D focus, and founders who are fully commited to continue to be the class.
“Zoho Corp. is a reputed firm and we are very delighted to be backed by them in our mission to remove guide scavenging from India. We are confident that owning Zoho as our trader will be a wonderful guidance, as it is really a firm that, like us, also focuses on the betterment of the public,” Vimal Govind M K, MD and CEO, Genrobotics, said. “In buy to conclusion handbook scavenging in India, additional than a single lakh robots will be necessary. As we scale to fill the need to have hole, we estimate development of virtually 5-lakh work opportunities across the place,” he added.
Launched in 2017, Genrobotics has been previously backed by Anand Mahindra, Rajan Anandan, Unicorn India Ventures and SEA money and it has raised a tiny more than Rs 3 crore in prior rounds. . The startup, by means of its #MissionRobohole, statements to have rehabilitated hundreds of people today who were doing the job as handbook scavengers by training them to be robotic operators.

Resource url

Related Articles


Please enter your comment!
Please enter your name here

Stay Connected

- Advertisement -spot_img

Latest Articles