Ati Motors on Wednesday announced a $20 million raise. The funding arrives as the Indian-based autonomous mobile robots (AMR) startup looks toward global expansion. The firm hopes to tap into increased demand for domestic manufacturing in the U.S., India, and Southeast Asian nations, as countries look to lessen their dependence on China.
In 2023, the Indian IT ministry proposed a nationwide policy titled National Strategy for Robotics to position the South Asian nation as a global robotics leader by 2030. The country ranks as the seventh largest robotics market, with a 59% YoY growth in annual industrial robotics installations, with 8,500 units in 2023, per the International Federation of Robotics. However, it still lags significantly behind China, Japan, and the U.S.
“Our competitor is always the status quo, not really another robot,” Saurabh Chandra, founder and CEO of Ati Motors, said in an interview. “Typically, we are displacing manual operation or somebody driving a vehicle or often somebody pushing it by hands.”
The 7-year-old startup, which has a manufacturing and R&D facility in Bengaluru, has developed seven distinct robots, two of which are currently in testing and will be available starting this quarter. The robots can move trolleys, bins, and pallets in a factory or warehouse.
Ati Motors’ robots come with 3D lidar sensors and have spatial awareness. This enables these robots to work even in a tough environment where harsh weather, including rain, can impact manufacturing. The robots can also move on various flooring conditions and even handle gradients, cracks, or oil spills in their path, Chandra told TechCrunch.
“We do the full stack ourselves,” he said. “That has been our USP that we are able to do complete multi-disciplinary engineering.”
Ati Motors has designed the software and hardware for its robots in-house, including their sensor-fusion algorithms. Like many others in the space, the company relies on Nvidia’s Jetson platform for edge computing. It also offers dedicated fleet management software that can work with other companies’ mobile robots to provide customers interoperability.
“The future is such that millions of robots are going to go into factories. No one company is going to make all the millions of robots alone. And should we want to play with other people from day one? Yes,” Chandra said.
Founded in February 2017, Ati Motors started its journey with a tugging robot. However, based on customer feedback and demand, it expanded into pallet movers and lifters.
The startup offers a robots-as-a-service (RaaS) model to let companies lease its AMRs. Customers can also buy the systems outright.
Ati Motors says it has deployed “hundreds” of its Sherpa robots across 40 manufacturers as its customers, including Airbus, Ceat Tyres, Forvia, Hyundai, Samsung, and TVS Motor. Of its total customer base, 80% are in the automobile sector and the U.S. dominates its revenues. Therefore, the startup plans to expand its North American presence in Detroit.
The all-equity Series B funding was co-led by Walden Catalyst Ventures and NGP Capital. It also featured existing investors, including True Ventures, Exfinity Venture Partners, Athera Venture Partners, and Blume Ventures.
