VC Fund Investments
Autonomous robots maker Ati Motors raises $20-M led by Walden Catalyst Ventures, NGP Capital
Bengaluru-based autonomous robotics company Ati Motors has raised USD 20 million in a 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.Ati Motors plans to use the funds to expand its product portfolio and deepen global market penetration. It aims to scale its robot deployment from the three-digit range to the four-digit range within the next two years. The company also plans to enhance operations in North America and the Asia-Pacific markets.Ati Motors manufactures autonomous electric vehicles designed for material movement in industrial settings like factories and warehouses. It primarily focuses on creating autonomous mobile robots (AMRs) that can navigate both indoors and outdoors.
Between Jul 2021 and Jul 2023, Ati Motors had raised about USD 14 M from Athera Venture Partners, Blume Ventures, Exfinity Fund, MFV Partners and True Ventures.
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