Ati Motors said it is getting enquiries for its AV from foreign markets and is all set to make its mark globally
All-electric autonomous industrial vehicle maker Ati Motors has raised a funding of USD 3.5 million in a pre-Series A round led by investors including Blume Ventures and Exfinity Venture Partners.
The Bangalore-based firm said that the funds will be used in the manufacturing and deployment of a large fleet of autonomous vehicles in factories and warehouses, in both domestic and global markets.
Founded by Saurabh Chandra, V Vinay and Saad Nasser, Ati Motors is a full-stack autonomous platform for material movement in industrial environments. Ati Motors said it is also getting enquiries for its AV from foreign markets, including the US, Southeast Asia and the Middle East, and is all set to make its mark globally.
“We are now fueled up and ready to accelerate our go-to market plans,” Chandra said.
Ati Motors autonomous cargo vehicle Sherpa uses a technology approach similar to that used in driverless cars and is more versatile than warehouse or humanoid robots, the company said.
While Sherpa Tug, a one-tonne trolley puller, has been deployed in tough manufacturing environments with very rough conditions, Sherpa Lite has found uptake in e-commerce warehouses for order fulfilment, the company said.
The Sherpa Tug has been successfully deployed at a multinational auto OEM’s manufacturing unit in Chennai, it said.
“We are excited to be a part of the Ati Motors journey. With close to three million Autonomous Mobile Robots (AMR) units expected to be shipped annually by 2030, the market opportunity is enormous (over USD 20 billion),” said Anirvan Chowdhury (Investment team, Blume Ventures).
“Their (Ati Motors) ready-to-deploy Autonomous Mobile Robots will not just be helpful in manufacturing floors but also be transformational in many more use cases like warehousing and outdoor mobility,” said Nihar Ranjan, Venture Partner at Exfinity.
The company had earlier raised a seed fund from US-based early-stage fund Village Global, which backed by the likes of Bill Gates, Mark Zuckerberg, and Jeff Bezos.
