Bengaluru-based warehouse robotics startup Accio Robotics has recently secured $1.8 million in Pre-Series A funding led by BIG Capital, Unisync Angels, Daniel Fitzgerald, existing investors like Roots Ventures, and Anuj Bihani, the founder of Impaqt Robotics/Alstrut.
Prior to this round, Accio Robotics had attracted investments from 100X.VC, CIO Angel Network, and several angel investors, including Ajay Sarupria and Uday Sodhi.
Bolstering tech and product teams
According to the startup, the raised capital would be used to strengthen its technology and product teams, expand internationally, and enhance robot deployments. The strategic allocation aims to bolster the company's position in the global market.
Pranav Srinivasan, Co-founder, Accio Robotics said: “This fundraise comes at a great time for Accio. It puts us in a fantastic position to showcase our products in the global landscape, as well as put us in a better position to assemble a stronger team. We are grateful for the support that our investors have shown us. It is definitely going to help us realise our goal of building world class robotics products at a global level.”
What do investors say about Accio Robotics?
Preetinder Singh Panjrath, CFO (BIG Capital), said, “We are excited to join Accio Robotics as the company transitions to scaling up its hardware and software solution for warehouse automation. We were particularly impressed by the simplicity and efficiency of the product offering, ability to deliver attractive ROI to its customers and in the process enabling enterprises to redeploy expensive human capital towards higher value activities.
"Accio robotics ability to operate in both 2D and 3D configuration makes it particularly attractive choice for warehouse automation and we look forward to supporting the company achieve great success," Singh said.
What does Accio Robotics do?
Accio is building mobile robotics solutions for warehouses and fulfilment centres, wherein they’re primarily automating the process of order picking. The robotic solutions not only help drive order fulfilment productivity but also help in hyper-optimisation of space utilization.
The Bangalore-based startup plans to officially launch and showcase its product globally in February 2024 and will be targeting a global market presence beyond that.
Join our new WhatsApp Channel for the latest startup news updates