Ati Motors, a Bengaluru, India- and Milpitas, CA-based maker of autonomous industrial robots, raised US$10.85M in Series A funding.
The round was led by True Ventures, with participation from new investor Athera Ventures Partners, and previous backers Blume Ventures, Exfinity Ventures and MFV Partners.
The company intends to use the funds to expand into markets in the US, South East Asia, Japan, and Europe while exploring untapped opportunities across pharmaceuticals, chemicals, maritime, and injection molding sectors, as well as to continue to invest in research and development to launch new products and capabilities in the market.
Led by Saurabh Chandra, CEO, Ati Motors is an autonomous mobile robot manufacturer dedicated to automating work in industrial environments and warehouses. With a focus on artificial intelligence, computer vision, and hardware, the company develops robots that optimize productivity and streamline operations in sectors such as warehousing, logistics, and manufacturing.
The company counts Bosch, TVS Motors, CEAT and Hyundai amongst some of its key customers across India and US.
FinSMEs
23/07/2023