$10.85 M Series A funding raised by autonomous industrial robots manufacturer Ati Motors

Manufacturer of autonomous industrial robots Ati Motors has raised $10.85 million in its Series A round, which was spearheaded by True Ventures, an early-stage technology-focused venture capital firm in Silicon Valley. Another new investor is Athera Ventures Partners. Existing backers such as Blume Ventures, Exfinity Ventures, and MFV Partners participated in the round.

According to a press release from the company, the funds will be used to explore untapped opportunities in the pharmaceutical, chemical, maritime, and injection molding sectors as well as to expand into markets in the US, South East Asia, Japan, and Europe. Ati Motors will keep spending money on R&D in order to introduce fresh goods and features to the market.

Ati Motors creates autonomous mobile robots that are mobile and optimize productivity and operations in industries like manufacturing, logistics, and warehousing. It had previously raised $3.5 million in pre-series A funding in 2021, with Blume Ventures, Exfinity Venture Partners, and MFV Partners serving as the funding’s leaders. Additionally, Village Global, a Bay Area-based early-stage fund backed by people like Bill Gates, Mark Zuckerberg, and Jeff Bezos, gave the business seed money.

Among the company’s top clients in both India and the US are Bosch, TVS Motors, CEAT, and Hyundai.