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Ati Motors, maker of autonomous cellular robots, introduced the shut of its Collection 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 expertise for automating work in industrial environments and warehouses.
The Collection A spherical is led by True Ventures, a Silicon Valley enterprise capital agency centered on early-stage expertise corporations. 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 prescription drugs, chemical compounds, maritime, and injection molding sectors. Ati Motors will proceed to put money into analysis and growth to launch new merchandise and capabilities available in the market.
“The autonomous robots area 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 enlargement 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 expertise and meet the evolving wants of our clients.”
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 staff showcased new fashions of its superior autonomous cellular 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, laptop 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 robust product market match inside automotive, tire, and electrical factories.
“Ati Motors has developed a exceptional platform that has the potential to revolutionize a number of sectors,” stated Rohit Sharma, associate 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 resolve complicated challenges in Industrial functions at the moment. This staff, 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 clients throughout India and the US. The demand for autonomous cellular robots is quickly growing, pushed by the necessity for environment friendly and versatile options in a altering world. Ati Motors’ robots have demonstrated their skill to cut back prices, optimize workflows, and enhance security in numerous industries; essential steps for companies striving to remain forward in a aggressive panorama.
