Ali Motors has raised $10.85 million in a Series A funding round led by True Ventures, a Silicon Valley venture capital firm focused on early-stage technology companies. In addition, Blume Ventures, Exfinity Ventures, and MFV Partners participated in the fundraising round. Athera Ventures Partners also joined as a new investor. 

The latest funding will empower Ati Motors to expand into the US, South East Asia, Japan, and Europe while exploring untapped opportunities across pharmaceuticals, chemicals, maritime, and injection moulding sectors. It will also accelerate the development and deployment of Ati Motors' robotics technology for automating work in industrial environments and warehouses. 

At the product launch event, the Ati Motors team showcased new models of its advanced autonomous mobile robots designed to enhance productivity and efficiency across various sectors. The company's robots are inspired by self-driving cars in terms of how they combine artificial intelligence, computer vision, and hardware to perform complex tasks in dynamic environments.

Key use cases have spanned industries such as warehousing, logistics manufacturing, and more. The company has achieved strong product market fit within factories in the automotive, tires, and electrical industries.

"The autonomous robots space is brimming with immense opportunities, and we’re at the forefront of this revolution as we transform industrial operations,” said Saurabh Chandra, CEO of Ati Motors.

“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," he added.

“Ati Motors has developed a remarkable platform that has the potential to revolutionize multiple sectors," said Rohit Sharma, partner at True Ventures. 

"We’re excited to lead this funding round and support the Ati Motors team in their mission to deploy intelligent robots to solve complex challenges in Industrial applications today. This team, combined with a relentless focus on innovation, positions them as a key player in the autonomous robotics space," he noted.