Affordable Robotic and Automation Limited (ARAPL) (BSE: 541402 | NSE: AFFORDABLE), India's first listed robotics company, today announced that its subsidiary, ARAPL RaaS (Humro), has secured another order for its autonomous forklift from a leading US-based logistics player. The order marks Humro's entry into a new product category and represents a significant milestone in ARAPL's global expansion journey.
Following comprehensive and successful prototype trials conducted over the past three months at the client's facilities, the new order includes six robots valued at Rs 4.13 crore, leased for a period of two years. This order opens the door to large-scale deployment opportunities, with the potential for 47-50 mobile robots to be installed in each of the client's two US warehouses over the next two years.
"With an increasing number of customers validating our products, we are delighted and deeply encouraged by this growing confidence in our technology," said Milind Padolee, Founder & Managing Director, ARAPL. "This order, following stringent approvals and successful prototype performance, not only opens new avenues for us but also reinforces our vision of positioning Make in India mobile robots on the global stage - in a sector currently dominated by large US and Chinese players. This achievement propels us closer to that goal, strengthening our ambition to scale next-generation automation platforms across international markets, he said.
Equipped with LiDAR-based navigation, real-time obstacle detection, and precision control algorithms, the fully autonomous robots are engineered for safe, 24/7 operations. They integrate seamlessly with Warehouse Management Systems (WMS) and ERP platforms, improving productivity while reducing operational costs.
A key driver of ARAPL's global vision, ARAPL RaaS (Humro) specialises in Autonomous Mobile Robots (AMRs) for warehouses, manufacturing plants, and logistics hubs. Powered by ARAPL's proprietary i-ware controller, Humro leverages AI, advanced navigation, and swarm robotics to deliver scalable and intelligent automation solutions.
To accelerate growth, ARAPL has announced a proposed investment of USD 8-10 million in Humro, including USD 3 million infused personally by Mr Milind Padolee. The infusion, structured as an interest-free loan, includes an option for conversion into equity.
"Being a deep-tech robotics player in a high-growth global market, Humro has consistently delivered on its promise since its inception in 2021. With a robust product portfolio and strong client validation, we are now well-positioned to expand our customer base," added Padolee.
As industries worldwide fast-track automation adoption, ARAPL stands at the intersection of AI, robotics, and human ingenuity, driving the next era of intelligent manufacturing and logistics.
Founded in 2005 by Milind Padolee, ARAPL has evolved from a Pune-based startup into a global automation powerhouse with a 350,000 sq. ft. facility, 400+ employees, and a portfolio of over 7,000 industrial robots and 10,000 automated car parking systems.
The company made history in 2018 as India's first listed robotics firm, debuting on the BSE SME Exchange at Rs 85 per share and migrating to the main boards of NSE and BSE in 2024. With nine patents, three proprietary software platforms, and a strong R&D pipeline, ARAPL continues to innovate across industrial automation, robotic inspection, warehouse systems, and AI/ML- powered solutions.
Shares of Affordable Robotic & Automation Ltd was last trading in BSE at Rs. 234.55 as compared to the previous close of Rs. 242.40. The total number of shares traded during the day was 2371 in over 125 trades.
The stock hit an intraday high of Rs. 238.45 and intraday low of 232.05. The net turnover during the day was Rs. 555657.00.