Ati Motors, a pioneering manufacturer of autonomous industrial robots, proudly announces the successful completion of its Series A funding round, securing a substantial amount of US$10.85 million. The investment, coinciding with the company’s momentous product launch event, will serve as a catalyst for further advancements in the development and deployment of Ati Motors’ cutting-edge robotics technology, aimed at automating tasks in industrial environments and warehouses.
The Series A funding is led by True Ventures, a renowned Silicon Valley venture capital firm that focuses on supporting early-stage technology companies. Joining as a new investor, Athera Ventures Partners brings their extensive expertise in deep tech investments to fortify Ati Motors’ growth journey. The round also witnessed significant participation from existing investors, namely Blume Ventures, Exfinity Ventures, and MFV Partners. This latest infusion of capital empowers Ati Motors to expand its presence across key markets in the US, South East Asia, Japan, and Europe, while simultaneously exploring untapped opportunities in sectors such as pharmaceuticals, chemicals, maritime, and injection molding. Additionally, Ati Motors remains committed to investing in research and development, ensuring the introduction of new and innovative products to the market.
During the product launch event, the Ati Motors team showcased a new lineup of advanced autonomous mobile robots, designed to elevate productivity and efficiency across diverse sectors. These robots draw inspiration from self-driving cars, seamlessly integrating artificial intelligence, computer vision, and cutting-edge hardware to execute complex tasks in dynamic environments. Key use cases span various industries, including warehousing, logistics, manufacturing, and more. Notably, Ati Motors has demonstrated a strong product-market fit within factories in the automotive, tires, and electrical industries.
Saurabh Chandra, CEO of Ati Motors, expressed his enthusiasm, stating, “The autonomous robots space is brimming with immense opportunities, and we’re at the forefront of this revolution as we transform industrial operations. This funding will fuel our expansion into new markets and industries. With the support of our investors who share our vision, we’re well-positioned to continue pushing the boundaries of robotics technology and meet the evolving needs of our customers.”
Rohit Sharma, partner at True Ventures, expressed excitement, saying, “Ati Motors has developed a remarkable platform that has the potential to revolutionize multiple sectors. We’re excited to lead this funding round and support the Ati Motors team in their mission to deploy intelligent robots to solve complex challenges in industrial applications today. This team, combined with a relentless focus on innovation, positions them as a key player in the autonomous robotics space.”
Parag Dhol, partner at Athera Ventures, also shared his positive outlook, stating, “We are pleased to back Saurabh and his team at Ati. The team’s ability to design autonomous robots that operate in demanding manufacturing environments is a testament to the availability of multidisciplinary skills in the Indian start-up ecosystem. We look forward to working with the Ati team to create a leading robotics company from India.”
Ati Motors boasts an impressive portfolio of key customers, including Bosch, TVS Motors, CEAT, and Hyundai, across both India and the US. With the growing demand for autonomous mobile robots, driven by the need for efficient and flexible solutions in today’s ever-changing world, Ati Motors’ robots have proven to be cost-effective, workflow-optimized, and safety-enhancing solutions across various industries. This proves pivotal for businesses striving to maintain a competitive edge in their respective markets.