JIIF led $1 M Pre-series A funding raised by logistics automation startup Elixia
The JITO Incubation and Innovation Foundation (JIIF) led a $1 million pre-Series A funding round for Elixia Robotics, a logistics automation startup founded in 2022 by Sanket Sheth. Participating investors included Motilal Oswal, Vimal Shah, Sparsh Jain, Vinod Dugar, Vimal Khinvasara, Ashok Shah, and Amit Chandwar.
The additional funds will be used to increase Elixia’s footprint in the Middle East, where it hopes to provide cutting-edge logistics solutions customized to the unique requirements of local companies. The company’s main goal is to simplify supply chain operations by offering complete software solutions, such as logistics control towers and transport management systems.
Elixia intends to incorporate machine learning and generative artificial intelligence (AI) into its product offerings to improve multimodal visibility and operational efficiency. The goal of this integration is to give real-time business-critical insights so that logistics operations can be carried out more transparently and efficiently.
Elixia has notably already worked with well-known companies like Hershey’s, Flipkart, Pidilite, and UPL. JIIF has invested over Rs 150 crore in over 80 early-stage companies and has incubated 50 Jain founder startups. JIIF helps its members gain access to the startup ecosystem.
Elixia’s emphasis on AI and ML puts it in a good position to benefit from these trends in the logistics industry, as AI is expected to contribute significantly to the global economy—up to $15.7 trillion by 2030.
