Vividobots raises INR 1.47 Crores to boost high-rise automation
Vividobots, a robotic automation startup based in Chennai, has secured INR 1.47 Crores in a seed funding round led by Inflection Point Ventures.
The investment will enhance product innovation and expand vertical-specific robotic deployments in the high-rise real estate maintenance sector.
Vividobots was founded in 2021 by Dhinesh B, Velmurugan B, and Kesavaraj S, who hold the positions of Chief Executive Officer, Chief Product Officer, and Chief Technology Officer, respectively. The company's genesis followed a serious incident involving a painter's fall, which motivated the founders to address hazardous working conditions in building maintenance. Their backgrounds span companies like Flipkart, the Air Defence Agency, and TCS, contributing technical and industry expertise to the startup's development.
The company focuses on leveraging AI-powered robotics to transform the methods of exterior painting and cleaning of high-rise buildings. These tasks have traditionally depended on manual labour, exposing workers to significant risks. Vividobots asserts that its technology reduces the time, cost, and material wastage associated with these operations while prioritising safety and precision.
Vikram Ramasubramanian, Partner and CIO at Inflection Point Ventures, said, "As real estate in India continues to boom, high-rise buildings are becoming increasingly common and so are the challenges that come with maintaining them. Vividobots is tackling this head-on with innovative robotic solutions that make exterior maintenance of the building safer and more efficient. At IPV, we're excited to support a startup that's not just keeping pace with urban growth, but shaping its future through technology."
Vividobots operates in Chennai and intends to expand into other metropolitan areas that are experiencing substantial real estate development and demand for high-rise maintenance solutions. According to the company, its robotic systems can achieve up to 70% time savings, 50% cost reductions, and a 15% decrease in material wastage, thereby establishing new standards for operational efficiency in the segment. The proprietary technology used by Vividobots aims to deliver repeatable, precise, and safer outcomes for building maintenance projects.
Dhinesh B, Chief Executive Officer at Vividobots, commented, "At Vividobots, we are revolutionising the way robotics address real-world challenges. Inspired by the delicate balance of human effort and resilience, we are steadfast in our mission to build a future defined by safety, speed, and sustainability. Our partnership with IPV fuels our drive to innovate boldly, push boundaries, and redefine the possibilities of robotics and its impact on society."
Industry bodies have recognised Vividobots' approach, with the company named among the 'Top 10 Real Estate Tech Startups' by Mahindra LEAP 2023 and as a portfolio company in the Brigade REAP accelerator programme.
Inflection Point Ventures is an investment firm that has provided funding exceeding INR 800 Crores to over 210 startups so far.
According to Vividobots' figures, the market for painting and cleaning services in India is valued at USD $4.46 billion, with a Total Addressable Market of USD $178.7 billion. On a global scale, the Serviceable Obtainable Market stands at USD $45 billion, with the Total Addressable Market projected at USD $1.56 trillion, indicating a significant opportunity for automation in high-rise building maintenance worldwide.
The founders of Vividobots, Dhinesh B, Velmurugan B, and Kesavaraj S, aim to use robotic automation to advance safety, reduce costs, and improve efficiency for high-rise maintenance operations within the real estate industry.
