Industrial robots maker Ati Motors raises $10.85 M led by True Ventures

Bengaluru-based autonomous industrial robots maker Ati Motors has raised USD 10.85 million in its Series A round led by True Ventures, a Silicon Valley-based venture capital firm. Athera Ventures Partners has joined as a new investor, with participation from existing investors including Blume Ventures, Exfinity Ventures and MFV Partners. Ati Motors develops autonomous mobile robots that optimize productivity and streamline operations in sectors such as warehousing, logistics, and manufacturing. The firm counts Bosch, TVS Motors, CEAT and Hyundai among its customers. The new funds will be used to expand into markets in the US, South East Asia, Japan. In 2021, Ati had raised USD 3.5 million in pre-series A funding led by Blume Ventures, Exfinity Venture Partners, and MFV Partners. The company also received seed funding from Village Global, an early-stage fund based in the Bay Area.