AI and Robotics
Agricultural Tools
Season 3 Episode 44
| Brand | XMachines |
| Company Name | XMachines |
| Founders | Trivikram Kumar Dogga |
| Original Ask | 72 lakhs for 4% equity at the valuation of Rs. 10 crores |
| Deal | 72 lakhs for 4% equity at the valuation of Rs. 10 crores |
About the Product
The X100 is a multi-purpose agricultural robot designed to streamline various tasks essential for efficient farming operations. With capabilities including sapling plantation, weed control, and spraying, the X100 serves as a versatile tool suitable for vegetables, floriculture crops, and orchards alike. Its adaptability allows it to function effectively in both outdoor farms and greenhouses, catering to diverse agricultural environments. Operating on fully electric power, the X100 prioritizes sustainability by minimizing reliance on traditional fuel sources. This eco-friendly feature aligns with contemporary agricultural practices focused on reducing carbon emissions and environmental impact.
In terms of coverage, the X100 offers impressive efficiency, capable of covering 2.5 acres within an 8-hour timeframe. This substantial coverage enhances productivity and enables farmers to accomplish more in less time, thereby optimizing resource utilization and overall farm management. Navigation is another key aspect of the X100’s functionality, offering both autonomous and joystick-driven modes. This versatility allows operators to choose the navigation method that best suits their preferences and specific farming requirements. Whether autonomously navigating through fields or manually controlling its movements via joystick, the X100 ensures precise and efficient operation.
Overall, the X100 represents a significant advancement in agricultural robotics, providing farmers with a reliable and versatile solution for enhancing productivity and sustainability in farming practices. With its multi-purpose functionality, eco-friendly design, efficient coverage, and flexible navigation options, the X100 stands as a valuable asset in modern agricultural operations, helping farmers to overcome challenges and achieve greater success in their endeavours.
Founders & their story
- Trivikram Kumar Dogga
XMachines is a robotics and AI company operating in the agricultural sector. Given that 80% of farmers in India are small and marginal, with land holdings of less than 5 acres, their flagship product, the XMachines X100, serves as a multipurpose agricultural robot. This innovative device, functioning akin to a micro tractor with interchangeable attachments, can perform various tasks from seeding to harvesting. Through the integration of AI technology, it enhances chemical utilization and crop productivity. Commencing their R&D efforts in 2017, XMachines specializes in electric micro tractors tailored for farming activities such as ploughing. With capabilities for both remote control and fully autonomous operations, their product comes in size ranges of small, mid, and large. Engaging in contract manufacturing and in-house assembly, they ensure a useful life of 7 years for their products. In October 2023, XMachines secured funding amounting to 3 crores, valuing the company at 18 crores. Their future target is to achieve annual sales of 30,000 units within 5 years, with the product slated for launch by the end of fiscal year 2023-2024.
About the company
XMachines is an Indian Robotics & AI company headquartered in Hyderabad, India, specializing in the design and manufacture of innovative products infused with Robotics & AI technologies for consumer and enterprise markets. Founded in 2017, XMachines aims to bridge the technology gap in Indian agriculture and has pioneered the development of Multipurpose AI-based Robots for Precision Agriculture. Over time, they have expanded their scope to develop robots for various other industries. Their product range includes AI-based Robots for Precision Agriculture, Autonomous Mobile Robots for automating material handling operations in manufacturing & warehouse facilities, Rugged Outdoor Robots for managing solar power plants, and Mobile Robot Platforms for Robotics Researchers. Since 2022, XMachines has expanded into international markets, exporting its products to Europe and other countries.
In recognizing the challenges faced by the agricultural sector due to inadequate technology and monitoring, XMachines endeavours to address these issues with innovative solutions. They aim to reduce reliance on chemicals and unsustainable farming practices by leveraging appropriate technologies, such as AI-based robotics, to promote sustainable farming techniques. XMachines was founded with a vision to steer the world’s agriculture towards sustainability by utilizing advanced technologies. Their focus on innovation extends beyond agriculture to include projects that positively impact the world, such as the maintenance of solar farms. Guided by human wisdom and knowledge, XMachines aspires to do great work with a consciousness of their impact on the planet and future generations. Their goal is not merely to innovate but to do so responsibly, considering the broader implications of their actions on the environment and society.
Revenue
This is a pre revenue company. The product price range will be between 1.96 lakhs to 4.5 lakhs. The projected sales of FY 23-24 are Rs 60 lakhs to 70 lakhs.
Founders’ Ask
72 lakhs for 4% equity at the valuation of Rs. 10 crores.
Offers
Namita and Ritesh’s offer: 72 lakhs for 4% equity at the valuation of Rs. 10 crores.
Final Deal
Namita and Ritesh: 72 lakhs for 4% equity at the valuation of Rs. 10 crores.