New investor Athera Enterprise Companions and present buyers Blume Ventures, Exfinity Enterprise Companions, and MFV Companions additionally take part
Bengaluru and Detroit, July twenty first, 2023: Ati Motors, maker of autonomous industrial robots, immediately introduced the shut of its Sequence A funding spherical of $10.85M. The funding, occurring alongside the corporate’s product launch occasion, will additional speed up the event and deployment of Ati Motors’ robotics know-how for automating work in industrial environments and warehouses.
The Sequence A spherical is led by True Ventures, a Silicon Valley enterprise capital agency targeted on early-stage know-how firms. Athera Ventures Companions, additionally joined as a brand new investor, bringing its intensive expertise in deep tech investments. The spherical noticed vital participation from earlier buyers: Blume Ventures, Exfinity Ventures, and MFV Companions. The most recent funding will empower Ati Motors to increase into US, South East Asia, Japan, and Europe markets whereas exploring untapped alternatives throughout prescribed drugs, chemical substances, maritime, and injection molding sectors. Ati Motors will proceed to put money into analysis and improvement to launch new merchandise and capabilities available in the market.
On the product launch occasion, the Ati Motors staff showcased new fashions of its superior autonomous cell robots designed to reinforce productiveness and effectivity throughout numerous sectors. The corporate’s robots are impressed by self-driving automobiles in how they mix synthetic intelligence, pc imaginative and prescient, and {hardware} to carry out complicated duties in dynamic environments. Key use circumstances have spanned warehousing, logistics manufacturing, and extra industries. The corporate has achieved sturdy product market match inside automotive, tire, and electrical factories.
“The autonomous robots house is brimming with immense alternatives, and we’re on the forefront of this revolution as we rework industrial operations,” stated Saurabh Chandra, CEO of Ati Motors. “This funding will gasoline our growth into new markets and industries. With the help of our buyers who share our imaginative and prescient, we’re well-positioned to proceed pushing the boundaries of robotics know-how and meet the evolving wants of our clients.”
“Ati Motors has developed a exceptional platform that has the potential to revolutionize a number of sectors,” stated Rohit Sharma, accomplice at True Ventures. “We’re excited to guide this funding spherical and help the Ati Motors staff of their mission to deploy clever robots to unravel complicated challenges in Industrial functions immediately. This staff, mixed with a relentless deal with innovation, positions them as a key participant within the autonomous robotics house.”
“We’re happy to again Saurabh and his staff at Ati. The staff’s potential to design autonomous robots that function in demanding manufacturing environments, is a testomony to the supply of multidisciplinary abilities within the Indian start-up ecosystem” stated Parag Dhol, accomplice at Athera Ventures. “We look ahead to working with the Ati staff to create a number one robotics firm from India.”
Ati Motors counts Bosch, TVS Motors, CEAT and Hyundai amongst a few of its key clients throughout India and US. The demand for autonomous cell robots is quickly growing, pushed by the necessity for environment friendly and versatile options in a altering world. Ati Motors’ robots have demonstrated their potential to scale back prices, optimize workflows, and enhance security in numerous industries; essential steps for companies striving to remain forward in a aggressive panorama.
About Ati Motors Ati Motors is a number one autonomous cell robotic producer devoted to reworking industries via progressive robotics know-how impressed by self-driving automobiles. With a deal with synthetic intelligence, pc imaginative and prescient, and cutting-edge {hardware}, Ati Motors develops autonomous cell robots that optimize productiveness and streamline operations in sectors similar to warehousing, logistics, and manufacturing. Beforehand, Ati Motors had raised US$3.5 million in Pre-series A funding led by Blume Ventures, Exfinity Enterprise Companions, and MFV Companions in 2021. The corporate has additionally obtained seed funding from Village World, an early-stage fund based mostly within the Bay Space and backed by Invoice Gates, Mark Zuckerberg, and Jeff Bezos, amongst others. Be taught extra at www.atimotors.com.