Mumbai: Bangalore-based all-electric autonomous industrial automobile maker Ati Motors has raised USD 3.5 million (about Rs 26.12 crore) in a funding spherical, led by Blume Ventures and Exfinity Enterprise Companions, amongst others. The pre-Collection A funding will likely be deployed for manufacturing and deployment of a big fleet of autonomous autos in factories and warehouses, in each home and international markets, the corporate stated on Wednesday.Ati Motors had earlier raised a seed fund from Village International – a Bay Space based-early stage fund backed by a few of the world’s most profitable entrepreneurs like Invoice Gates, Mark Zuckerberg, and Jeff Bezos amongst others, based on the discharge.
MFV Companions and a syndicate on LetsVenture led by Livspace founder Ramakant Sharma additionally participated within the spherical, Ati Motors stated.
Based by Saurabh Chandra, V Vinay and Saad Nasser, Ati Motors is a full stack autonomous platform for materials motion in industrial environments.
Ati Motors stated it’s also getting enquiries for its AV from overseas markets, together with the US, Southeast Asia and Center East, and is all set to make its mark globally. “We are actually fueled up and able to speed up our go to market plans,” Chandra stated.
Ati Motors autonomous cargo automobile Sherpa makes use of a expertise strategy much like that utilized in driverless automobiles (the likes of Tesla and Google) and is extra versatile than warehouse or humanoid robots, the corporate stated.
Whereas Sherpa Tug, a one tonne trolley puller, has been deployed in robust manufacturing environments with very tough situations, Sherpa Lite has discovered uptake in e-commerce warehouses for order fulfilment, the corporate stated.
The Sherpa Tug has been efficiently deployed at a multinational auto OEM’s manufacturing unit in Chennai, it stated.
“We’re excited to be part of the Ati Motors journey. With shut to 3 million Autonomous Cell Robots (AMR) models anticipated to be shipped yearly by 2030, the market alternative is big (over USD 20 billion),” stated Anirvan Chowdhury (Funding group, Blume Ventures).
“Their (Ati Motors) ready-to-deploy Autonomous Cell Robots is not going to simply be useful in manufacturing flooring but additionally be transformational in lots of extra use instances like warehousing and outside mobility,” stated Nihar Ranjan, Enterprise Companion at Exfinity.
