Kerala startup Ihub robotics Raises 20 Million Preseed fund
In a significant milestone, Kerala-based startup iHub Robotics has recently secured a substantial $20 million investment from a consortium of investors in Qatar, acquiring a 2% equity stake in the company. This transformative investment signals a pivotal moment for iHub Robotics, positioning the company for unprecedented growth and expansion in the field of robotics and automation.
The Turning Point
CEO Athil Krishna, the visionary leader behind iHub Robotics, unveiled a promising future for the company, with a primary focus on expanding into the GCC region in the fourth quarter of this year. The remarkable acceptance of their service robots is poised to revolutionize the robotics and automation market in this region, setting a new standard for efficiency and innovation.
Anticipated Growth and Innovation
With expectations of a staggering 100% growth in their order book over the next two quarters, iHub Robotics stands at the precipice of success. Athil Krishna emphasized the company’s unwavering commitment to innovation, revealing that three new product developments are currently underway. Additionally, the company is set to inaugurate its state-of-the-art production facility in December 2023, a testament to their dedication to advancing the field of robotics.
A Robust Portfolio and Strategic Investment
Boasting a robust portfolio of five subsidiaries and substantial revenue generation, iHub Robotics has consistently made waves in the world of robotics and automation. The strategic Qatari investment not only provides crucial financial support but also establishes invaluable partnerships, further enhancing iHub Robotics’ growth potential. This infusion of capital and expertise positions the company to capitalize on emerging opportunities in the global market.
A Journey of Expansion and Innovation
With this significant investment, iHub Robotics is now poised to embark on a transformative journey of expansion and innovation. The company’s cutting-edge technology promises to leave a lasting impact on the global robotics and automation landscape. As they venture into new territories and unveil groundbreaking products, iHub Robotics is set to solidify its position as a rising player in this dynamic industry.
The $20 million INR investment from Qatari investors marks a watershed moment for iHub Robotics, propelling the company into a new era of growth and expansion. CEO Athil Krishna’s vision and dedication to innovation have set the stage for a remarkable journey ahead. With a thriving portfolio and strategic partnerships in place, iHub Robotics is primed to revolutionize the world of robotics and automation, leaving an indelible mark on the industry for years to come.
Website: http://ihubrobotics.com