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Robotics firm ARAPL Raas to raise funds for warehouse automation
ARAPL RaaS, a robotics and automation company, announced on Monday that it had raised $0.7 million in funding in just two months, bolstering its 10-minute supply management delivery. The new funding will be used to build a fully automated robotic experience zone for warehouse automation by the start-up, which is a subsidiary of Affordable Robotic & Automation Limited (ARAPL). In the instant commerce space, Zepto, Swiggy, Grofers, and even ride-hailing company Ola all promise 10-minute delivery. The funds will be used by ARAPL RaaS to develop world-class Swarm Robotics AI, in which a swarm of robots is formed by interconnected robots. According to the company, this will be the first time in India that a company will create Swarm Robotics AI for 120 robots working together. The company's Unique Selling Point (USP) is that it can perform 900 picks per person per hour to lower warehouse costs through automation, according to the company. ARAPL, a brand founded in 2021, offers a one-of-a-kind service called Robotics as a Service (RaaS), which is available on a pay-per-use basis. It uses Artificial Intelligence (AI) and machine learning to automate every aspect of its service. Through a lost-cost and high-throughput automation business model, RaaS.ai is well-positioned to support the auto-replenishment of grocery, e-commerce, and other retail brands FCs and achieve short fulfilment times, said Debjit Roy, chairperson, research and publication office, Indian Institute of Management-Ahmedabad, who is also a member of the company's advisory panel. Image Source