" "

Industrial robotics startup Ati Motors raises $20 million in series B round

author-image
ISN Team
New Update
Ati Motors funding

Ati Motors, an industrial robotics startup focused on AI and autonomous solutions, has raised $20 million in a Series B funding round led by Walden Catalyst Ventures and NGP Capital. 

Existing investors, including True Ventures, Exfinity Venture Partners, Athera Venture Partners, and Blume Ventures, also participated in the round.

The latest investment follows the startup's previous raises, which included $10.85 million in a Series A round led by True Ventures in July 2023 and $3.5 million in pre-Series A funding in 2021.

Focus on product development

Advertisment

The startup will use the raised capital to accelerate product development and strengthen its market presence in North America and the Asia-Pacific region. 

Saurabh Chandra, founder and CEO of Ati Motors, said the company plans to use its extensive real-world data to build advanced AI models and improve its industrial autonomy platform. He emphasized that Ati Motors is dedicated to designing robots that increase productivity in manufacturing and other industrial settings.

“Since our founding, Ati Motors’ mission has been to create advanced, reliable products that enhance both productivity and efficiency in industrial settings,” Chandra said.

“This funding will accelerate our ability to leverage our extensive real-world dataset to develop next-generation AI models and further advance our industrial autonomy platform. The rapid growth we’re experiencing validates our approach of focusing on manufacturing as a vertical and conceptualizing these robots as purpose-built self-driving vehicles.”

Expanding global footprint

Founded in 2017 by Chandra, V. Vinay, and Saad Nasser, Ati Motors specializes in autonomous mobile robots designed to handle complex tasks in sectors like warehousing, logistics, and manufacturing.

The startup's online platform aims to optimize productivity and streamline operations for clients such as Bosch, TVS Motors, CEAT, and Hyundai. 

Ati Motors recently opened operations in Mexico and is expanding its headquarters in Detroit, where it plans to serve its growing list of clients in the United States. Along with the U.S., the startup also operates in India and Southeast Asia. 

By tripling its order book in the last quarter of 2024 and adding nine new industry-leading clients, Ati Motors has demonstrated strong momentum in the market.

Notably, it has deployed hundreds of its Sherpa robots across 40 major manufacturers, including Forvia and Hyundai, achieving multiple large-scale projects in North America.

Investors comment

Shankar Chandran, partner at Walden Catalyst Ventures, said, “Ati Motors’ unique combination of advanced AI capabilities and robotics, along with a deep understanding of manufacturing environments, positions them perfectly to lead the next wave of industrial automation.”

Upal Basu, partner at NGP Capital, added, “The company’s ability to successfully deploy fully autonomous mobile robots across diverse industrial environments, combined with their rapidly growing customer base, makes them a standout in the industrial automation space.”

Subscribe