February 20, 2025: Affordable Robotic and Automation Limited (ARAPL) (BSE: 541402) (NSE: AFFORDABLE) today announced that its subsidiary ARAPL RaaS has commenced delivering autonomous electric vehicles to its warehousing clients in the USA. With an order book of $4 million, ARAPL RaaS is vying for a share in the $300 billion warehousing automation market.
“We are thrilled to have taken the next step”, said Milind Padole, Managing Director, ARAPL. “US is among the top three warehousing automation markets and the most competitive globally. Putting our products on the ground here is a testament to our R&D, system-reliable technology, and ability to deliver quality efficiently. We are the only Indian company in this product space through our dedicated efforts on ARAPL RaaS, our subsidiary. We envision US markets to account for significant revenue by this year”, added Milind.
Pune-headquartered ARAPL is India’s only listed robotics and automation company. It offers diverse solutions for domestic and international markets, including Automotive Project-based Line building, Automated Multilevel Car Parking Systems, and Warehousing Automation Solutions.
The company’s subsidiary, ARAPL RaaS, has pioneered the development of driverless electric forklifts and pallet jacks. It aims to revolutionise automation and expand its reach to international markets.
European foray
The company is consolidating its strategy to foray into the European markets once it marks significant revenues in the US this calendar year. This move emanates from similar clients and market synergies to those in the US. In the coming years, it will establish the company in a rare global club of industrial automation and warehousing robotics players.
Posts robust financial growth in Q3FY25
ARAPL posted a growth of 38% in its consolidated revenues, and 34% on a standalone basis. The company (on a standalone basis) turned EBITDA positive during Q3FY25 and aims to be PAT-positive in the coming quarters.
On a consolidated basis, the strategic investments in talent acquisition and business development for ARAPL RaaS will fructify in due time, further improving revenue growth and margins.
About ARAPL Ltd.
Affordable Robotic & Automation Ltd. (ARAPL), established in 2005 and headquartered in Pune, India, is a leading provider of turnkey automation solutions for various industries. With over a decade of expertise, ARAPL serves a wide range of sectors, including automotive, non-automotive, general industries, and the government sector, extending its customer base across India, China, and other parts of Asia. The company specialises in industrial automation solutions such as line automation, robotic inspection stations, and automated assembly systems, with significant expertise in robotic welding cells and automated car parking systems. Spanning 250,000 square feet with over 400 employees, ARAPL has expanded its operations with multiple facilities, including a sales and service office in the US & Brazil. ARAPL achieved a significant milestone by being listed on the Indian stock exchange, marking its growth and success in the automation industry.
About ARAPL RaaS
ARAPL RaaS, a subsidiary of ARAPL, is transforming warehouse automation with its innovative Robot-as-a-Service (RaaS) platform. Offering a pay-as-you-go model, it enables businesses to adopt advanced robotics without upfront costs. Its fleet of Autonomous Forklifts, Reach Trucks, and Pallet Jacks integrates seamlessly into existing operations, enhancing efficiency and safety. Backed by ARAPL’s expertise in software and hardware, the solution is scalable, flexible, and cost-effective. This milestone in automation makes cutting-edge robotics accessible to businesses of all sizes. For more details, visit https://araplraas.com/aboutus/
