Ati Motors, developer of autonomous mobile robots, has closed a $10.85 million Series A funding round alongside unveiling new products at a launch event. The fresh investment will further boost Ati's innovation and deployment of robotics technology for automating industrial environments and warehouses.

The Series A round is led by Silicon Valley VC firm True Ventures, which focuses on early-stage tech startups. Athera Ventures Partners, bringing deep expertise in deep tech, also joined as a new investor. Significant participation came from previous backers Blume Ventures, Exfinity Ventures, and MFV Partners. The capital will empower Ati Motors to expand into the US, Southeast Asia, Japan and Europe while exploring pharmaceuticals, chemicals, maritime, injection molding and more sectors. Ati will also continue advancing R&D efforts.

"The autonomous robotics space has immense potential, and we're leading this revolution by transforming industrial operations," said Ati Motors CEO Saurabh Chandra. "This funding will accelerate our global expansion into new markets and industries. With the support of investors who share our vision, we're positioned to keep pushing robotics boundaries and meet evolving customer needs."

At the launch event, Ati showcased new generations of its advanced autonomous mobile robots leveraging AI, computer vision and hardware to tackle complex tasks in dynamic settings - taking inspiration from self-driving cars. Use cases have spanned warehousing, logistics, manufacturing and additional industries, with strong traction in automotive, tire and electrical factories.

"Ati Motors has developed a remarkable platform with huge potential across sectors," said True Ventures partner Rohit Sharma. "We're thrilled to lead this round and support Ati's mission to deploy intelligent robots solving complex industrial challenges. This team and relentless innovation focus position them as a key autonomous robotics player."

Key Ati Motors customers include Bosch, TVS Motors, CEAT and Hyundai in India and the US. Demand for autonomous mobile robots is surging, driven by the need for efficient, flexible solutions in a changing world. By reducing costs, optimizing workflows and boosting safety, Ati's robots have demonstrated value across industries - crucial for staying competitive.