Bengaluru-based industrial robotics startup Ati Motors has secured $20 million in a Sequence B funding spherical led by Walden Catalyst Ventures and NGP Capital. This funding brings the corporate’s complete funding to over $37 million.
The funding spherical additionally noticed participation from present traders True Ventures, Exfinity Enterprise Companions, Athera Enterprise Companions, and Blume Ventures. The corporate claimed that the funding would help product improvement and geographic enlargement.
The earlier investments comply with a $3.5 million pre-Sequence A funding spherical led by Blume Ventures and Exfinity Enterprise Companions, amongst others and a $10.85 million Sequence A spherical led by True Ventures in July 2023.
Commenting on the funding, Saurabh Chandra, founder and CEO of Ati Motors, expressed on LinkedIn, “The longer term is evident: Gen Z is rejecting boring, soiled, and harmful jobs. Tens of millions of robots will quickly free people from robotic work, enabling them to give attention to creativity and innovation.”
He additionally highlighted that the corporate goals to develop its vary of merchandise whereas deepening its presence in established markets such because the US, Mexico, India, Thailand, and Singapore.
The corporate can also be prioritising the event of superior AI fashions to higher serve its clients. “Not too long ago, one of many main European truck producers adopted our fleet administration software program to supervise all robots in its manufacturing unit. We at the moment are able to managing multi-vendor robots in our software program workflows,” Chandra added.
Ati Motors has deployed its Sherpa Tug robots in over 40 manufacturing amenities, together with these of Forvia and Hyundai, and has vital operations in North America. Over 30% of the corporate’s consumer portfolio contains Fortune 500 corporations.
These robots, able to towing a great deal of as much as three tonnes, have collectively coated over 5 lakh kilometres in numerous manufacturing unit environments. The corporate additionally presents bin movers, pallet movers, and lifting platforms to cater to varied industrial wants.
As a part of its international technique, Ati Motors not too long ago established operations in Mexico and expanded its North American headquarters in Detroit. Its robots combine AI, pc imaginative and prescient, and superior {hardware}, serving industries resembling automotive, electrical, equipment, and aerospace.
The corporate plans to scale its robotic deployments from the three-digit vary to the four-digit vary inside two years and strengthen its presence in North America and the Asia-Pacific area.
Chandra identified that shifting manufacturing patterns beneath the ‘China plus one’ technique is creating vital alternatives, notably in North America, the place workforce shortages for routine items motion persist.
Chandra famous that producers are more and more adopting robotics to deal with workforce shortages in hazardous and repetitive duties, however many present options fail to match human efficiency in real-world settings, which is a matter Ati Motors seeks to deal with.
Since its inception, Ati Motors has raised $34.35 million throughout a number of funding rounds. Its backers embrace Village International, an early-stage fund supported by Invoice Gates, Mark Zuckerberg, and Jeff Bezos.
This funding surge displays the rising demand for AI and robotics in manufacturing and logistics. In October 2024, Pune-based Haber raised $38 million, whereas Hyderabad-based Perceptyne secured $3 million, highlighting the sector’s momentum.
Traders have additionally expressed optimism about Ati Motors’ trajectory.
“Ati Motors’ distinctive mixture of superior AI capabilities and robotics, together with a deep understanding of producing environments, positions them completely to guide the subsequent wave of commercial automation,” Walden Catalyst Ventures’ associate Shankar Chandran mentioned.
Since its inception, Ati Motors has centered on manufacturing automation impressed by self-driving automobiles. It integrates AI, pc imaginative and prescient, and superior robotics to deal with real-world challenges on manufacturing unit flooring.
In the meantime, Upal Basu, associate at NGP Capital, mentioned, “The corporate’s means to efficiently deploy absolutely autonomous cell robots throughout numerous industrial environments, mixed with their quickly rising buyer base, makes them a standout within the industrial automation house.”
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