Excelsior Correspondent
JAMMU, Jan 24: Ati Motors, a leading AI and autonomous robotics company, has raised $20 million in a Series B funding round led by Walden Catalyst Ventures and NGP Capital.
The Round also saw participation from existing investors, including True Ventures, Exfinity Venture Partners, Athera Venture Partners, and Blume Ventures.
The company plans to utilize the funds to accelerate product development, scale operations in North America and the Asia-Pacific region, and enhance its global presence. Notably, Ati Motors recently established operations in Mexico and is expanding its headquarters in Detroit, Michigan.
“Our robots are deployed across geographies like the US, Mexico, India, Thailand, Singapore, and Vietnam. Customers love our solutions, especially in rugged conditions, which were initially designed for India,” said Saurabh Chandra, cofounder and CEO of Ati Motors. “We will look at expanding further into the US, Thailand, and Mexico.”
The funding reflects the growing momentum in India’s startup ecosystem and underscores Ati Motors’ commitment to innovation in autonomous robotics.
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