In July, Indian autonomous industrial robot maker Ati Motors Pvt. The company announced Saturday that it has raised $10.85 million in Series A funding. The investment, which coincides with the company’s product launch, will further accelerate the development and application of Ati Motors’ robotics technology to automate operations in industrial environments and warehouses.

The Series A round was led by True Ventures, a Silicon Valley venture capital firm focused on early-stage technology companies. Athera Ventures Partners also joined as a new investor, bringing its extensive experience in deep technology investments. Previous investors Blume Ventures, Exfinity Ventures and MFV Partners also participated in the round.

The latest financing will enable Ati Motors to expand into the US, Southeast Asia, Japan and Europe, while exploring untapped opportunities in the pharmaceutical, chemical, Marine and injection molding sectors. Ati Motors will continue to invest in research and development to bring new products and capabilities to market.

At the product launch, the Ati Motors team showed off a new model of its advanced autonomous mobile robot designed to increase productivity and efficiency across industries. The company’s robots are inspired by self-driving cars, which combine artificial intelligence, computer vision, and hardware to perform complex tasks in dynamic environments. The main use cases involve warehousing, logistics manufacturing and other industries. The company has achieved strong product market adaptability in factories in the automotive, tire and electrical industries.

Saurabh Chandra, CEO of Ati Motors, said: “The field of autonomous robotics is full of huge opportunities and we are at the forefront of this revolution because we are transforming industrial operations. This funding will fuel our expansion into new markets and industries. With the support of like-minded investors, we are well positioned to continue to advance robotics and meet the changing needs of our customers.”

Rohit Sharma, Partner at True Ventures, said: “Ati Motors has developed an extraordinary platform that has the potential to revolutionise multiple industries. We are excited to lead this funding round and support the Ati Motors team in their mission to deploy intelligent robots to solve complex challenges in today’s industrial applications.” This team, combined with a relentless drive for innovation, makes them an important player in the field of autonomous robotics.”

“We are delighted to support Saurabh and his team at Ati.” Parag Dhol, partner at Athera Ventures, said: “The team’s ability to design autonomous robots that can work in harsh manufacturing environments is a testament to the multi-disciplinary skills of the Indian startup ecosystem. We look forward to working with the Ati team to build India’s leading robotics company.”

Ati Motors has key customers such as Bosch, TVS Motors, CEAT and Hyundai in India and the United States. Ati Motors’ robots have proven to reduce costs, optimize workflows and improve safety in a wide range of industries. This is a key step for companies to stay ahead of the competition.

Ati Motors is a leading manufacturer of autonomous mobile robots, committed to transforming industries through innovative robotics inspired by autonomous vehicles. With a focus on artificial intelligence, computer vision and cutting-edge hardware, Ati Motors develops autonomous mobile robots that optimize productivity and simplify operations in industries such as warehousing, logistics and manufacturing.

Previously, Ati Motors raised $3.5 million in pre-Series A funding in 2021 led by Blume Ventures, Exfinity Venture Partners and MFV Partners. The company also received seed funding from Village Global, an early-stage fund based in the Bay Area that has been backed by the likes of Bill Gates, Mark Zuckerberg, and Jeff Bezos.

True Ventures is a Silicon Valley-based venture capital firm that invests in early-stage technology startups. The True team believes that creativity thrives when founders are fully supported and empowered to pursue courageous ideas. To this end, the Real platform offers a variety of programs that inspire professional and personal growth. To date, True has helped more than 350 companies launch and expand their businesses, creating more than 85,000 jobs worldwide.

Athera Venture Partners (formerly Inventus India) has a long history of supporting entrepreneurs in the technology space. The Athera team has over 35 years of operational and entrepreneurial experience, as well as over 60 years of early-stage venture capital experience. During his venture capital career, Athera’s team has backed more than 60 Indian technology startups.