Nanta Tech Secures Long-Term Robot-as-a-Service Deal with Connplex Cinemas
Nanta Tech Limited, a company incorporated in 2023, has signed a Letter of Intent (LOI) with Connplex Cinemas for a long-term Robot-as-a-Service (RaaS) engagement. The deal involves the deployment and operation of 100 Allbotix AT10 Marketing & Delivery Robots across Connplex’s cinema network.Under the established RaaS model, Nanta Tech will act as the managed service provider for the robots. This includes manufacturing, supplying, deploying, and operating the Allbotix AT10 units. Full ownership of all hardware, embedded software, AI models, branding, and underlying intellectual property remains with Nanta Tech Limited. Connplex Cinemas will utilize the services on a subscription basis.
The engagement marks a significant milestone in Nanta Tech’s RaaS commercialization journey, validating the scalability of its Allbotix platform in high footfall environments, stated Mr. Mayank Jani, Managing Director of Nanta Tech Ltd. The deal is expected to strengthen the company’s recurring revenue base and reinforces the acceptance of Nanta Tech's zero-capex subscription model.
Key Commercial Terms of the RaaS Engagement
The partnership details include the following commercial parameters:| Parameter | Details |
|---|---|
| Robot Model | Allbotix AT10 - Marketing & Delivery Robot |
| Total Units | 100 (One Hundred) Robots |
| Service Model | Robot-as-a-Service (RaaS) - Subscription Only |
| Contract Tenure | 36 months from go-live of each unit |
| Monthly RaaS Fee | 240,000 per robot per month |
| Run-rate at Full Deployment | 40,00,000 per month |
| Indicative Total Contract Value | 214,40,00,000 (214.40 Crore) excl. GST |
| Deployment Plan | 10 Phases x 10 Units; one batch p.m commencing June 2026 |
| Payment Schedule | Quarterly Advance of 3 months' fees for all deployed units, payable by 1st of each calendar quarter |
Nanta Tech Limited is an integrated technology solutions company operating in the Audio-Visual (AV) and Robotics verticals. The company provides end to end AV solutions across various sectors, including corporate, education, hospitality, and manufacturing. Through its ALLBOTIX brand, Nanta Tech delivers customized service robots for logistics, greeting, delivery, and cleaning applications, driven by in house software development and AI capabilities.
Stock Price Movement
Nanta Tech Ltd. shares settled at ₹410.25, climbing nearly five percent in the post-market session. The stock traded within an intraday range, moving between a low of ₹400.00 and a high of ₹410.25.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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