ARAPL RaaS positions itself to capture a substantial share of the $300 billion US warehousing automation market with initial orders worth $4 million.
20 Feb 2025 | 1125 Views | By Shruti Shiraguppi
Affordable Robotic and Automation Limited (ARAPL)’s subsidiary, ARAPL RaaS, has commenced deliveries of autonomous electric vehicles (AEVs) to warehousing clients in the United States. This move aims to capitalize on the burgeoning $300 billion US warehousing automation market. With an initial order book of $4 million, ARAPL RaaS is set ...
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Affordable Robotic and Automation Limited (ARAPL)’s subsidiary, ARAPL RaaS, has commenced deliveries of autonomous electric vehicles (AEVs) to warehousing clients in the United States. This move aims to capitalize on the burgeoning $300 billion US warehousing automation market. With an initial order book of $4 million, ARAPL RaaS is set to capture a significant market share. The company expects the US market to contribute substantially to its revenue by the end of the current fiscal year.
“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.
ARAPL, headquartered in Pune, is India’s only listed robotics and automation company, offering diverse solutions for domestic and international markets, including Automotive Project-based Line building, Automated Multilevel Car Parking Systems, and Warehousing Automation Solutions.
ARAPL RaaS, the company’s subsidiary, has led the development of driverless electric forklifts and pallet jacks. Beyond the US, ARAPL is exploring opportunities in European markets to solidify its global presence.
ARAPL reported a growth of 38% in consolidated revenues and 34% on a standalone basis. The company became EBITDA positive during Q3FY25 on a standalone basis and aims to be PAT-positive in the upcoming quarters. According to the company, strategic investments in talent acquisition and business development for ARAPL RaaS are expected to enhance revenue growth and margins over time.