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Ati Motors, maker of autonomous cell robots, 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 centered 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 traders: Blume Ventures, Exfinity Ventures, and MFV Companions. The most recent funding will empower Ati Motors to develop into US, South East Asia, Japan, and Europe markets whereas exploring untapped alternatives throughout prescription drugs, chemical substances, maritime, and injection molding sectors. Ati Motors will proceed to put money into analysis and growth to launch new merchandise and capabilities out there.
“The autonomous robots area is brimming with immense alternatives, and we’re on the forefront of this revolution as we rework industrial operations,” mentioned Saurabh Chandra, CEO of Ati Motors. “This funding will gasoline our enlargement into new markets and industries. With the assist of our traders 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 prospects.”
The brand new ATI Motors Sherpa Tug has a towing capability of 1000 lbs. | Credit score: ATI Motors
On the product launch occasion, the Ati Motors workforce 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 instances have spanned warehousing, logistics manufacturing, and extra industries. The corporate has achieved sturdy product market match inside automotive, tire, and electrical factories.
“Ati Motors has developed a outstanding platform that has the potential to revolutionize a number of sectors,” mentioned Rohit Sharma, associate at True Ventures. “We’re excited to steer this funding spherical and assist the Ati Motors workforce of their mission to deploy clever robots to resolve complicated challenges in Industrial functions as we speak. This workforce, mixed with a relentless concentrate on innovation, positions them as a key participant within the autonomous robotics area.”
Ati Motors counts Bosch, TVS Motors, CEAT and Hyundai as a few of its key prospects throughout India and the US. The demand for autonomous cell robots is quickly rising, pushed by the necessity for environment friendly and versatile options in a altering world. Ati Motors’ robots have demonstrated their capacity to scale back prices, optimize workflows, and enhance security in numerous industries; essential steps for companies striving to remain forward in a aggressive panorama.
