Ati Motors, an AI and autonomous robotics company, has raised $20 million in a Series B funding round led by Walden Catalyst Ventures (WCV) and NGP Capital (NGP). The round also saw participation from current investors including True Ventures, Exfinity Venture Partners, Athera Venture Partners and Blume Ventures.
The funds raised will be used to accelerate the development and deployment of its robotic workforce.
The funds will also be used to accelerate product development, expand Ati Motors’ market presence both in North America and APAC, and strengthen its position.
Prior to this, Ati Motors raised $17 million in funding. In 2023, the Bengaluru-based startup raised $10.85 million in its Series A funding round led by True Ventures, a Silicon Valley-based venture capitalist (VC). It also raised $3.5 million in pre-Series A funding, led by Blume Ventures, Exfinity Venture Partners, and MFV Partners in 2021.
“Since our founding, Ati Motors mission has been to create advanced, reliable products that enhance both productivity and efficiency in industrial settings. This funding will accelerate our ability to leverage our extensive real-world dataset to develop next-generation AI models and further advance our industrial autonomy platform. The rapid growth we’re experiencing validates our approach of focusing on manufacturing as a vertical and conceptualising these robots as purpose-built self-driving vehicles,” said Saurabh Chandra, Founder and CEO of Ati Motors.
“Ati Motors represents the future of industrial automation. Their unique combination of advanced AI capabilities and robotics, along with a deep understanding of manufacturing environments, positions them perfectly to lead the next wave of industrial automation. The impressive growth they’ve achieved validates their approach and demonstrates the strong market demand for their solutions,” said Shankar Chandran, Partner at Walden Catalyst Ventures.
“We’re excited to co-lead this investment in Ati Motors. The company’s ability to successfully deploy fully autonomous mobile robots across diverse industrial environments, combined with their rapidly growing customer base, makes them a standout in the industrial automation space. We believe their unique approach to combining Edge AI, LIDAR, and robotics will help address a critical need in the manufacturing sector,” said Upal Basu at NGP Capital.
Founded in 2018 by Saurabh Chandra, Ati Motors is an autonomous mobile robot manufacturer, revolutionizing industries with AI-powered robotics inspired by self-driving cars.
Specializing in manufacturing facilities, Ati’s product range includes Tugs, Bin Movers, Pallet Movers, and Lifting Platforms.
Their flagship Sherpa Tug, featuring 3D navigation and outdoor capabilities, has logged over 500,000 kilometers across 50+ factories across 40 leading manufacturers (30% Fortune 500), including Forvia and Hyundai with multiple scaled deployments in North America.
The company recently established operations in Mexico and has strengthened its presence across the US, India and Southeast Asia. The company is currently expanding its North America headquarters in Detroit, MI.
