Autonomous mobility startup Ottonomy raised $3.3 million in seed led by pi Ventures

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Autonomous mobility startup Ottonomy raised $3.3 million in seed led by pi Ventures where Connetic Ventures, Branded Hospitality Ventures and Addverb Technologies’ Sangeet Kumar with other angel investors spread across the US, India, Singapore, Middle-East and Europe also participated.

Ottonomy creates autonomous robot fleets primarily for contactless delivery. The funding will be used to scale production and strengthen its presence in North America, Europe, and the Middle East. It will also use the proceeds to increase hiring across key verticals in India and the United States. According to a report, the global robotics technology market was worth $62.75 billion in 2019 and is expected to grow to $189.36 billion by 2027 at a CAGR of 13.5% between 2020 and 2027.

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Autonomous mobility startup Ottonomy raised $3.3 million in seed led by pi Ventures

Autonomous mobility startup Ottonomy raised $3.3 million in seed led by pi Ventures where Connetic Ventures, Branded Hospitality Ventures and Addverb Technologies’ Sangeet Kumar with other angel investors spread across the US, India, Singapore, Middle-East and Europe also participated.

Ottonomy creates autonomous robot fleets primarily for contactless delivery. The funding will be used to scale production and strengthen its presence in North America, Europe, and the Middle East. It will also use the proceeds to increase hiring across key verticals in India and the United States. According to a report, the global robotics technology market was worth $62.75 billion in 2019 and is expected to grow to $189.36 billion by 2027 at a CAGR of 13.5% between 2020 and 2027.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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