Elixia Robotics was established in 2022 by Sanket Sheth as a firm for logistics automation. A $1 million pre-Series A fundraising round led by the JITO Incubation and Innovation Foundation (JIIF) included investors Motilal Oswal, Vimal Shah, Sparsh Jain, Vinod Dugar, Vimal Khinvasara, Ashok Shah, and Amit Chandwar.

With the extra funding, Elixia intends to improve its standing in the Middle East and offer innovative logistics solutions that are tailored to the particular needs of regional businesses. The company's specialty is providing comprehensive software solutions to speed up supply chain procedures. Examples of these solutions include logistics control towers and transport management systems.

Elixia aims to enhance its product offerings with machine learning and generative artificial intelligence to boost multimodal visibility and operational efficiency. This connection aims to provide real-time delivery of business-critical data, enabling the execution of logistical activities with more efficiency and transparency.

Notably, Elixia has already collaborated with renowned businesses including Pidilite, Hershey's, Flipkart, and UPL. JIIF has invested over Rs 150 crore in over 80 early-stage enterprises and supported 50 startups started by Jain individuals. Its members get access to the startup ecosystem.

Speaking to this vital funding round, Rajat Mehta, Chairman of JITO Incubation and Innovation Foundation, says, “As AI drives the future, our investment in Elixia is part of our effort to harness its full potential and stay at the forefront of innovation. AI is transforming industries globally, and we are committed to contributing to its growth.”

Similarly, Sanket Sheth, Founder of Elixia, adds, “This new investment will enable us to expand our product portfolio with Generative AI capabilities and enhance multimodal visibility for our customers. In a world where time is money, we empower businesses to save both by streamlining their supply chains with data-driven solutions. The $1M investment is a testament to the belief our investors have in our vision to reshape logistics for the modern world.”