Ati Motors Secures $20 Million in Series B Funding for AI Robotics Expansion

Ati Motors Secures Significant Funding for Global Growth

In a remarkable stride towards enhancing industrial automation, Ati Motors has successfully raised $20 million in a Series B funding round spearheaded by Walden Catalyst Ventures and NGP Capital. This investment also saw participation from existing investors, including True Ventures, Exfinity Venture Partners, Athera Venture Partners, and Blume Ventures. The funding comes at a pivotal time for the company, which recently reported tripling its order book in the fourth quarter of 2024 and welcomed nine significant clients from various industries.

Ati Motors has been at the forefront of integrating artificial intelligence with autonomous robotics, fundamentally changing the landscape of automation in manufacturing sectors. The investment will empower the company to accelerate the development and deployment of their innovative robotic workforce, which harnesses one of the most comprehensive and varied datasets for autonomous movement in factories.

The company boasts the deployment of hundreds of its impactful Sherpa robots across 40 leading manufacturers, including major names such as Forvia and Hyundai. This robotic fleet operates not just in North America but across a wide range of dynamic environments, demonstrating exceptional uptime and significantly aiding in productivity gains for their clients.

The global manufacturing community is keenly interested in adopting robotic solutions to alleviate workers from repetitive and hazardous tasks. Nevertheless, the market has faced challenges due to a shortage of robots that effectively match human capabilities in real-world applications. This is precisely the gap that Ati Motors aims to close.

Saurabh Chandra, the visionary Founder and CEO of Ati Motors, stated, "Since our inception, our mission has been to develop advanced, reliable products that enhance productivity and efficiency in industrial settings. This funding will boost our ability to utilize our extensive real-world datasets to create next-generation AI models, further progressing our industrial autonomy platform. The rapid growth we're witnessing validates our strategic focus on manufacturing as a key vertical and highlights our robots as specialized self-driving vehicles."

Adding to the excitement surrounding this funding, Shankar Chandran, a partner at Walden Catalyst Ventures, remarked, "Ati Motors symbolizes the future of industrial automation. Their exceptional mix of advanced AI capabilities and robotic technologies, coupled with a thorough grasp of manufacturing environments, places them in an excellent position to spearhead the next phase of industrial automation. Their remarkable growth is a testament to their approach and reflects the high market demand for their innovative solutions."

Upal Basu from NGP Capital expressed similar enthusiasm, noting, "We are thrilled to co-lead this funding venture. Ati Motors has demonstrated an impressive ability to deploy fully autonomous mobile robots across a variety of industrial settings. Their growing customer base showcases their strength within the industrial automation sector. We are confident that their unique blend of Edge AI, LIDAR technology, and robotics will effectively address a critical need within the manufacturing industry."

The funds from this recent investment will not only facilitate product development but also enable Ati Motors to augment its market presence in North America and the Asia-Pacific region. Recently, the company has expanded its operations in Mexico, enhancing its footprint across geographical regions including the United States, India, and Southeast Asia. Furthermore, Ati Motors is in the midst of enlarging its headquarters in Detroit, Michigan, which will significantly bolster its capabilities as a key player in the industrial automation domain where AI converges with robotics.

About Ati Motors

Ati Motors stands out as a leading manufacturer of autonomous mobile robots, aiming to transform industries with AI-driven robotics inspired by self-driving technologies. The company's focus is primarily on manufacturing facilities, offering a diverse product range that includes Tugs, Bin Movers, Pallet Movers, and Lifting Platforms. Their flagship product, the Sherpa Tug, features advanced 3D navigation technologies and has already surpassed 500,000 kilometers of operational distance across more than 50 factories. With its innovative approach, Ati Motors serves major players in varied sectors such as automotive, appliances, aerospace, and electronics, while successfully securing over $37 million in funding to date.