2017
Bengaluru (India)
Series B
Ati Motors is a Bengaluru-based robotics startup founded in 2017 by Saurabh Chandra, Vinay V, and Saad Nasser. The company specializes in developing autonomous mobile robots (AMRs) designed to enhance productivity and streamline operations in industrial environments. Its flagship product line includes the Sherpa family of robots, which are utilized for various material movement tasks across manufacturing facilities.
On January 23, 2025, Ati Motors announced it had raised $20 million in a Series B funding round co-led by Walden Catalyst Ventures and NGP Capital, with participation from existing investors such as True Ventures and Blume Ventures. This funding aims to accelerate product development and expand market presence in North America and the Asia-Pacific region. The company has recently set up operations in Mexico and is expanding its headquarters in Detroit, MI.
Ati Motors focuses on leveraging artificial intelligence and machine learning to create robots that can operate autonomously in dynamic manufacturing environments. Their Sherpa robots are equipped with advanced navigation systems, enabling them to perform tasks like transporting materials within factories. These robots have been deployed across over 40 leading manufacturers, including major clients like Hyundai and CEAT.
The company has developed its technology in-house, ensuring that its systems are compatible with the Industrial Internet of Things (IIoT) and Industry 4.0 standards. The Sherpa Tug, for example, can carry loads of up to one ton, making it suitable for a variety of industrial applications.
Ati Motors aims to revolutionize industrial automation by creating reliable products that enhance both productivity and efficiency. The recent funding will help the company leverage its extensive datasets to develop next-generation AI models that improve the capabilities of its robotic workforce. As industries increasingly seek to automate mundane tasks, Ati Motors positions itself as a leader in providing innovative solutions that free human workers from repetitive duties.
$35.4Million
4
$20.0Million, Series B
as of December 19, 2024
-
as of N/A
2.70
as of N/A
NGP Capital
and 4 more126
Neuralzome
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Date | Round Name | Amount | Valuation | Revenue | Revenue Multiple | Investors |
---|---|---|---|---|---|---|
December 19, 2024 | Series B | $20.0Million | - | - | - | Walden Catalyst, NGP Capital, True Ventures, Exfinity Venture Partners, Athera, Blume Ventures |
June 5, 2023 | Series A | $10.8Million | - | - | - | True Ventures, Athera, Blume Ventures, Exfinity Venture Partners, MFV Partners |
July 14, 2021 | Seed | $3.5Million | - | - | - | Blume Ventures, Exfinity Venture Partners, MFV Partners |
September 22, 2017 | Seed | $1.1Million | Village Global |