Ati Motors, a leader in autonomous mobile robots, has successfully raised $10.85 million in its Series A funding round. The investment coincides with the company's product launch event and will accelerate the development and deployment of its robotics technology in industrial environments and warehouses.
True Ventures, a Silicon Valley venture capital firm specializing in early-stage tech companies, led the round, with Athera Ventures Partners also joining as a new investor. Previous investors, including Blume Ventures, Exfinity Ventures, and MFV Partners, also participated significantly. The funding will enable Ati Motors to expand into markets in the US, South East Asia, Japan, and Europe, exploring opportunities in sectors like pharmaceuticals, chemicals, maritime, and injection molding. Research and development will remain a priority to introduce new products and capabilities.
Saurabh Chandra, CEO of Ati Motors, expressed excitement about the immense potential in the autonomous robots space, with plans to transform industrial operations. The funding, along with the support of visionary investors, positions the company to push the boundaries of robotics technology and meet customer needs effectively.
During the product launch event, Ati Motors showcased new models of its advanced autonomous mobile robots, leveraging artificial intelligence, computer vision, and hardware to perform complex tasks in dynamic environments. The robots have proven to enhance productivity and efficiency across various sectors, including warehousing, logistics, and manufacturing. Notably, they have found strong product-market fit in automotive, tire, and electrical factories.
Rohit Sharma, partner at True Ventures, praised Ati Motors' remarkable platform and its potential to revolutionize multiple sectors. The team's focus on innovation establishes them as a significant player in the autonomous robotics industry.
Ati Motors already counts companies like Bosch, TVS Motors, CEAT, and Hyundai among its key customers in India and the US. The increasing demand for autonomous mobile robots aligns with the need for efficient and flexible solutions in a rapidly changing world.
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