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Ati Motors, maker of autonomous cell robots, introduced the shut of its Sequence 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 know-how for automating work in industrial environments and warehouses.

The Sequence A spherical is led by True Ventures, a Silicon Valley enterprise capital agency centered on early-stage know-how corporations. Athera Ventures Companions, additionally joined as a brand new investor, bringing its in depth expertise in deep tech investments. The spherical noticed important participation from earlier traders: 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 spend money on analysis and improvement to launch new merchandise and capabilities available in the market.

“The autonomous robots house is brimming with immense alternatives, and we’re on the forefront of this revolution as we remodel industrial operations,” stated Saurabh Chandra, CEO of Ati Motors. “This funding will gas our growth into new markets and industries. With the help of our traders who share our imaginative and prescient, we’re well-positioned to proceed pushing the boundaries of robotics know-how 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 workforce showcased new fashions of its superior autonomous cell robots designed to reinforce productiveness and effectivity throughout varied sectors. The corporate’s robots are impressed by self-driving automobiles in how they mix synthetic intelligence, pc imaginative and prescient, and {hardware} to carry out complicated duties in dynamic environments. Key use instances have spanned warehousing, logistics manufacturing, and extra industries. The corporate has achieved sturdy 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, companion at True Ventures. “We’re excited to guide this funding spherical and help the Ati Motors workforce of their mission to deploy clever robots to resolve complicated challenges in Industrial functions right this moment. This workforce, mixed with a relentless give attention to innovation, positions them as a key participant within the autonomous robotics house.”

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 cell robots is quickly growing, pushed by the necessity for environment friendly and versatile options in a altering world. Ati Motors’ robots have demonstrated their capability to cut back prices, optimize workflows, and enhance security in varied industries; essential steps for companies striving to remain forward in a aggressive panorama.