INR (₹)
Industrial Robotics Startup Ati Motors Raises $10.85 Mn In Funding
About - Ati Motors
Founded in 2017 by Saurabh Chandra, Ati Motors is an autonomous mobile robot manufacturer that helps manufacturers in various sectors optimize productivity and streamline operations by deploying its robotics technology. The startup, which was focused on the automobile sector so far, counts the likes of TVS Motor, CEAT, and Hyundai among its clients.
Bengaluru-based industrial robotics startup Ati Motors on Friday (July 21) said it has raised $10.85 Mn in its Series A funding round led by Silicon Valley-based venture capitalist (VC) True Ventures.
With the latest fundraise, Ati Motors will also explore opportunities across the chemicals, pharmaceuticals, maritime, and injection molding sectors.
Features -
- The company has two products deployed right now – Sherpa Tug (1-tonne trolley mover) and Sherpa RollerTop (carries up to 50kg payload bridging conveyor systems).
- Ati Motors claims to have developed mechanical vehicles, electronics, and the complete software stack in-house.
- Ati Motors competes with the likes of GreyOrange and Ottonomy, among several others.
- The market for autonomous robots is growing at a rapid pace and the space is brimming with opportunities in India as well as globally. As per a report, the Indian industrial automation market’s size is expected to soar to $25.8 Bn by 2028 from $13.25 Bn in 2023.
