Chennai-based Vividobots raises Rs 1.47 crore to develop robots in the construction industry

Vidivobots are formed by graduate engineers Dhinesh B. (CEO), Velmurugan B. (Chief Product Officer) and Kesavaraj S. (Chief Technology Officer). Image source: Special arrangement

Vividobots, headquartered in Robotic Automation Startup, a robotic automation startup, has raised Rs 147 crore in a seed round caused by inflection point risk. Funds will be used to enhance product innovation and expand vertically specific robot deployments.

Velmurugan B. (Chief Product Officer) and Kesavaraj S. (Chief Technology Officer) were founded by graduate engineer Dhinesh B. (Chief Executive Officer), and Vividobots was born in a tragic event involving a painter’s fall. This vulnerability inspired three people to innovate to achieve real-world impact. The founders hope to cater to the booming construction industry in the context of Flipkart, Air Defense Agency and TCS, respectively.

“A incident in which a painter slipped and fell from the first floor during our college days. However, it was a small accident. However, this incident sparked an idea and became the basis for our final project. Today, we turned the idea into a thriving startup. We are developing robots designed specifically for appearance, specifically for exterior tasks, especially for high-rise buildings, especially for painting. Hindu. He added: “We are also exploring plastering applications. Currently, we have a prototype and this funding will be used to further develop the product.”

Mr Dhinesh further said: “We target the construction field, our robots will help reduce costs and construction time. Initially, we were considering a service model for renting the robots.” The team also patented its products.

Currently, the startup operates in Chennai and plans to expand to other cities where real estate growth and vertical maintenance are booming. The startup’s robotic system saves 70% of time, 50% less and 15% less material waste.

The Indian Painting and Cleaning Services market is estimated to be available market (SOM) available at USD 4.46 billion, with a total addressable market (TAM) of USD 178.7 billion. Globally, the SOM is $45 billion and the TAM is expected to be $1.56 trillion, showing a huge opportunity for automation in the industry.

According to Mr Dhinesh, the startup has earlier received a small amount of funding from the Institute of Innovation and Innovation (Tamil Nadu) (EDII-TN), which is funded by the Innovation Voucher Scheme (IVP)-A in 2020-2022 (Rs 250 crore) and IIVP-B 2023-2024 (IVP-B 2023-2024 (rakh)). It also received funds from the Indian India Seed Fund Scheme (SIFFS) and Nidhi Seed Support Support Scheme (NIDHI-SSS) funded by Sathyabama-TBI (Rs 1.5 lakh).

“As real estate continues to flourish in India, high-rise buildings are becoming more common, so are the challenges of maintaining them. Vividobots are addressing this with innovative robotic solutions that will make the exterior maintenance of buildings more efficient,” said Vikram Ramasubramanian, Partner and CIO Corporate Venture Capital.

Inflection Point Venture Capital (IPV) is an angel investment platform with over 23,500 CXOs, HNIs and professionals. The company supports new entrepreneurs by providing monetary and experiential capital to new era entrepreneurs and connecting them with a wide variety of investors.