Genrobotics Wins $10 Million Singapore Contract for Water Infrastructure Robots, Plans IPO by 2028
Genrobotics Innovation, India's first physical AI company based in Kerala, has secured an Rs 80 crore contract from Singapore's Public Utility Board to deploy 44 robots for water infrastructure maintenance. The project, involving advanced robot Wilboar, will be implemented over the next two financial years. The company aims to achieve Rs 500 crore valuation by FY28 or FY29, anticipating 30% revenue growth this year, following a profit of Rs 32 crore in FY25.
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Genrobotics Innovation has secured an Rs 80 crore contract from Singapore's Public Utility Board to deploy 44 robots for updating water infrastructure. The project will utilize Wilboar, a robot designed for hazardous cleaning tasks, with deployment scheduled over the next two financial years.
Implementation will occur within 18 months, charging 2 to 2.5 crore per project. After a competitive evaluation involving over 600 global firms, Genrobotics plans to scale up the project post-pilot. The company aims for an IPO by FY28 or FY29 and expects a 30% revenue growth this year, building on its Rs 32 crore profits in FY25.
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