Ati Motors Secures $20M for Global Expansion, Targets North America & Asia-Pacific

January 23, 2025
Ati Motors Secures $20M for Global Expansion, Targets North America & Asia-Pacific
  • The company operates on a robots-as-a-service (RaaS) model, allowing businesses to lease or purchase their AMRs.

  • Ati Motors' robots are specifically designed to automate dull, dirty, and dangerous tasks in manufacturing, addressing performance gaps compared to human workers.

  • This funding, raised on January 22, 2025, aims to support the company's global expansion plans and enhance product development.

  • The investment will particularly focus on expanding operations in North America and the Asia-Pacific region, including a new establishment in Mexico and an expansion of its headquarters in Detroit, Michigan.

  • Ati Motors specializes in AI and autonomous robotics for the industrial sector, deploying hundreds of its Sherpa robots across 40 manufacturers, including notable clients like Forvia and Hyundai.

  • Walden Catalyst Ventures has expressed confidence in Ati Motors' potential to lead the next wave of industrial automation due to its advanced AI and robotics capabilities.

  • The investment follows a strong performance for Ati Motors, which saw its order book triple in the fourth quarter of 2024 and acquired nine new industry clients.

  • Ati Motors, an autonomous mobile robots (AMR) startup based in India, recently announced a $20 million Series B funding round led by Walden Catalyst Ventures and NGP Capital, with participation from True Ventures, Exfinity Venture Partners, Athera Venture Partners, and Blume Ventures.

  • Key customers include major players such as Airbus, Ceat Tyres, Samsung, and TVS Motor, with 80% of their customer base in the automobile sector.

  • To date, Ati Motors has raised over $37 million and serves global leaders across various sectors, offering products like Tugs, Bin Movers, and Pallet Movers.

  • The startup designs all its software and hardware in-house, utilizing Nvidia's Jetson platform for edge computing and advanced sensor-fusion algorithms.

  • Saurabh Chandra, the CEO of Ati Motors, stated that the new funding will accelerate the development of next-generation AI models and enhance their industrial autonomy platform.

Summary based on 3 sources


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