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Ati Motors, maker of autonomous cell robots, introduced the shut of its Series 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 Series A spherical is led by True Ventures, a Silicon Valley enterprise capital agency targeted on early-stage expertise firms. Athera Ventures Partners, additionally joined as a brand new investor, bringing its in depth expertise in deep tech investments. The spherical noticed vital participation from earlier traders: Blume Ventures, Exfinity Ventures, and MFV Partners. The newest funding will empower Ati Motors to develop into US, South East Asia, Japan, and Europe markets whereas exploring untapped alternatives throughout prescribed 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 available in the market.
“The autonomous robots space is brimming with immense opportunities, and we’re at the forefront of this revolution as we transform industrial operations,” mentioned Saurabh Chandra, CEO of Ati Motors. “This funding will fuel our expansion into new markets and industries. With the support of our investors who share our vision, we’re well-positioned to continue pushing the boundaries of robotics technology and meet the evolving needs of our customers.”
The new ATI Motors Sherpa Tug has a towing capability of 1000 lbs. | Credit: ATI Motors
At the product launch occasion, the Ati Motors staff showcased new fashions of its superior autonomous cell robots designed to reinforce productiveness and effectivity throughout numerous sectors. The firm’s robots are impressed by self-driving vehicles in how they mix synthetic intelligence, laptop imaginative and prescient, and {hardware} to carry out advanced duties in dynamic environments. Key use circumstances have spanned warehousing, logistics manufacturing, and extra industries. The firm has achieved sturdy product market match inside automotive, tire, and electrical factories.
“Ati Motors has developed a remarkable platform that has the potential to revolutionize multiple sectors,” mentioned Rohit Sharma, associate at True Ventures. “We’re excited to lead this funding round and support the Ati Motors team in their mission to deploy intelligent robots to solve complex challenges in Industrial applications today. This team, combined with a relentless focus on innovation, positions them as a key player in the autonomous robotics space.”
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 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.