Industrial robotics company Ati Motors has successfully closed a new funding round, raising $10.85 million to accelerate its growth and expansion plans. The Series A round was led by True Ventures, with participation from new investor Athera Ventures Partners and existing investors Blume Ventures, Exfinity Ventures, and MFV Partners.

The funding will enable Ati Motors to expand its presence in the United States, South East Asia, Japan, and Europe, focusing on industries like pharmaceuticals, chemicals, maritime, and injection molding. The company will also continue to invest in research and development to introduce innovative products and capabilities to the market.

Saurabh Chandra, CEO of Ati Motors, expressed enthusiasm for the opportunities in the autonomous robots space, stating, “This funding will fuel our expansion into new markets and industries. With the support of our investors who share our vision, we’re well-positioned to continue pushing the boundaries of robotics technology and meet the evolving needs of our customers.”

Ati Motors showcased new models of its advanced autonomous mobile robots designed to enhance productivity and efficiency across various sectors. Inspired by self-driving cars, the robots integrate artificial intelligence, computer vision, and hardware to perform complex tasks in dynamic environments. Among Ati Motors’ key customers are prominent companies like Bosch, TVS Motors, CEAT, and Hyundai in India and the US.

Previously, Ati Motors had raised $3.5 million in a pre-series A funding round from investors like Blume Ventures, Exfinity Venture Partners, and MFV Partners in 2021. The company also received seed funding from Village Global, an early-stage fund backed by notable figures like Bill Gates, Mark Zuckerberg, and Jeff Bezos.Among Ati Motors’ key customers are prominent companies like Bosch, TVS Motors, CEAT, and Hyundai in India and the US.