The name of the Orbots Commander, Rob, is also made up of a combination of letters from the word "Orbot."
The names of four of the six Orbots: Tor, Bort, Boo, and Bo, are made of different combinations of the letters in the word "Orbot."
It's established that when Mighty Orbots is formed it retains the individual personalities of its components rather than having its own identity.
Interestingly, although Dracos and Drax see Mighty Orbots separate into its individual components in order to get their ship through the asteroids, they don't recognize Bo or Boo when they see them later at the concert.
The special powers of the Orbots are explained in this episode. Tor's is great strength. Bort can transform into any other form. Bo controls the elements. Boo is a master of illusion. And Crunch can consume anything.