Electronics

AtiMotors Raises $ 3.5 Million in Pre-Series A Financing Round

Ati Motors has received AV inquiries from overseas markets and said it is ready to establish its position globally.

Ati Motors, an all-electric autonomous industrial vehicle maker, raised US $ 3.5 million before a Series A round led by investors such as Blume Ventures and Exfinity Venture Partners.

The Bangalore-based company said the funds will be used to manufacture and deploy large-scale fleets of self-driving cars in factories and warehouses, both in the domestic and global markets.

Founded by Saurabh Chandra, V Vinay and Saad Nasser, AtiMotors is a full-stack autonomous platform for mass transfer in industrial environments. Ati Motors has also received AV inquiries from overseas markets such as the United States, Southeast Asia and the Middle East, and said it is ready to establish its position globally.

“We are now lively and ready to accelerate our market development plans,” Chandra said.

Ati Motors’ self-driving car Sherpa uses a technical approach similar to that used in unmanned vehicles, and is more versatile than warehouses and humanoid robots, the company said.

The 1-ton trolley puller Sherpa Tug was deployed in a harsh manufacturing environment, while Sherpa Lite was adopted in an e-commerce warehouse for order processing.

Sherpa Tug has successfully deployed in the manufacturing sector of a multinational vehicle OEM in Chennai.

“We are excited to be part of the AtiMotors journey. By 2030, nearly 3 million autonomous mobile robot (AMR) units are expected to ship annually, and the market opportunity is enormous (200). Over US $ 100 million), “said Anirvan Chowdhury, an investment team at Blume Ventures.

Nihar Ranjan, Exfinity’s venture partner, said:

The company previously raised seed funds from Village Global, an early US-based fund backed by Bill Gates, Mark Zuckerberg, Jeff Bezos and others.



https://www.electronicsb2b.com/industry-buzz/ati-motors-raises-3-5mn-in-pre-series-a-funding-round/ AtiMotors Raises $ 3.5 Million in Pre-Series A Financing Round

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