They say its all gonna be robotics in the coming years. While we can’t really say anything on that, what we can assure you though, is that the next time you get your house/office painted, it might be an automated robot doing that stuff. Endless Robotics, a commercial robotics startups which has built such a machine, has today announced raising of a pre-seed funding round worth $100,000 from Termsheet.io, an online investment platform.
The current investment round witnessed participation of various angel investors and early-stage investment firms from India, USA and Singapore. The Hyderabad-based startup will use the funds for product development, hiring new talent, training service personnel and piloting service on small to medium scale constructions.
Commenting about the use of the raised fund, Srikar Reddy, cofounder of the company, said:
In the coming months we will integrate our products into our services, strengthen our team and increase adoption among customers. We will use the funds in product development, hiring talent, training service personnel and piloting our service on small to medium scale constructions.
Founded in 2015 by a group of four BITS-Pilani alumni – Akhil Varma, Nitesh Boyina, Puneeth Bandikatla and Srikar Reddy, Endless Robotics works on a series of automation products for decorative painting in the construction and real estate development space. The company aims to solve the lack of innovation in the painting industry.
It offer an end-to end service that combines the productivity of modern robotics and efficiency of spray technology with skilled painters to transform the way painting is done.
It uses highly advanced technique of spray painting which it claims to be leagues ahead of the traditional brush/roller technique and fuse it with smart robots to offer unprecedented consistency, speed, affordability and quality to the customer.
The company claims that the robots produced are 30 times faster than handheld brush painting and the solution uses the best of spray mechanisms with the precision, consistency and intelligence. It is now targeting small to mid-level residential projects in Hyderabad to gain momentum.
Its vision is to make robots a very real part of everyday by focusing on solving problems related to something as fundamental as building, maintaining and safeguarding modern day infrastructure.
Satveer Thakral of Singapore Angel Network, one of the investors in this round, said:
I thought it was pretty interesting because the Endless Robotics team is pioneering robotic automation in the building interiors segment.
Arun Venkatachalam of the Murugappa family, who is a strategic advisor to Endless Robotics, said,
Endless Robotics is undertaking the challenging task of building a proprietary hardware+services startup out of India. The business model is uniquely solving an Indian problem—construction labour. It is amongst the first of many Bharat First businesses that will excite institutional investors in the years to come.