The robotics startup has raised $20 Mn (INR 172.7 Cr) in a Series B funding round co-led by Walden Catalyst Ventures (WCV) and NGP Capital (NGP)
The company plans to use the fresh capital to boost product development and expand its market presence in North America and APAC
The fresh proceeds will also accelerate development and deployment of its robotic workforce, leveraging one of the largest factory datasets for autonomous movement
Bengaluru-based industrial robotics startup Ati Motors
has raised $20 Mn (INR 172.7 Cr) in a Series B funding round co-led by Walden Catalyst Ventures (WCV) and NGP Capital (NGP).
The round also saw participation from existing investors, including True Ventures, Exfinity Venture Partners, Athera Venture Partners and Blume Ventures.
The company plans to use the fresh capital to boost product development and expand its market presence in North America and APAC.
Recently, the company set up operations in Mexico and has bolstered its presence across the US, India, and Southeast Asia. Additionally, it is currently expanding its North American headquarters in Detroit, MI.
Saurabh Chandra, cofounder and CEO of Ati Motors, said, “This funding will accelerate our ability to leverage our extensive real-world dataset to develop next-generation AI models and further advance our industrial autonomy platform.”
Founded in 2017 by Saurabh Chandra, Ati Motors is an autonomous mobile robot manufacturer that helps manufacturers in various sectors optimise productivity and streamline operations by deploying its robotics technology. The startup, which has focused on the automobile sector so far, counts the likes of TVS Motor, CEAT, and Hyundai among its clients.
Ati Motors specialises in robotics, AI, and manufacturing. It has deployed a host of Sherpa robots across 40 leading manufacturers, including Forvia and Hyundai, with multiple scaled deployments in North America.
The fresh proceeds will also accelerate development and deployment of its robotic workforce, leveraging one of the largest factory datasets for autonomous movement.
The startup raised $17 Mn in funding prior to this round. In 2023, the Bengaluru-based startup raised $10.85 Mn in its Series A funding round led by Silicon Valley-based venture capitalist (VC) True Ventures.
In 2021, it secured $3.5 Mn in a Pre-Series A round. Before that, it raised seed funding from Village Global, a US-based early-stage VC backed by notable investors such as Bill Gates, Mark Zuckerberg, and Jeff Bezos.
Ati Motors competes with the likes of GreyOrange and Ottonomy, among several others.
