Leading the way in India’s burgeoning robotics industry, Ati Motors has announced its acquisition of a whopping $20 million in funding. Capitalizing on mounting demand for domestic manufacturing in countries like the US, India, and Southeast Asia, the autonomous mobile robots (AMR) startup intends to use this financing to bolster its global presence.
Mirroring this optimistic trend, India’s IT ministry foresees the country as a world leader in robotics by 2030. With 8,500 units installed in 2023, India currently sits as the seventh largest robotics market, growing by a striking 59% YoY. Although well below market giants China, Japan, and the US, the gap is closing swiftly.
According to Saurabh Chandra, founder, and CEO of Ati Motors, their major competition is the prevailing method, whether manual operation or traditional vehicles. Their solution? Introducing state-of-the-art robots capable of moving trolleys, bins, and pallets within factories or warehouses.
Ati Motors distinguishes itself through its multi-disciplinary engineering approach, developing both the software and hardware of its robots in-house. Its extensive portfolio ranges from sensor-fusion algorithms to dedicated fleet management software facilitating interoperability, showing exceptional promise in the age of edge computing.
Chandra envisages a future with millions of robots operating in factories. As a result, the company’s commitment to work with other enterprises from the outset bodes well for the future of the burgeoning robotics industry.
Since its inception in 2017, Ati Motors has strategically adapted its offering based on customer feedback, now providing a Robots-as-a-Service (RaaS) model. Currently, the startup boasts deployment of ‘hundreds’ of Sherpa robots across 40 manufacturers, including big names such as Samsung, Hyundai, and Airbus.
This latest funding round led by Walden Catalyst Ventures and NGP Capital underpins Ati Motors’ ambitious expansion plans, particularly in the North American market.
Original source: Read the full article on TechCrunch
