Last Updated: 23 January 2025
Ati Motors, a leader in AI-powered autonomous robotics, has raised $20 million in Series B funding. The funding round was led by Walden Catalyst Ventures (WCV) and NGP Capital, with participation from existing investors, including True Ventures, Exfinity Venture Partners, Athera Venture Partners, and Blume Ventures.
This funding comes after a successful Q4 2024, during which Ati Motors tripled its order book and onboarded nine industry-leading clients. Although the company has not disclosed its post-money valuation, the impressive performance suggests strong investor confidence in its growth trajectory.
Ati Motors is revolutionizing the industrial sector through robotics and artificial intelligence, addressing challenges such as automating dull, dirty, and dangerous tasks. The company’s Sherpa robots are already deployed across 40 leading manufacturers, including 30% of Fortune 500 companies such as Forvia and Hyundai, with scaled implementations in North America.
By leveraging one of the largest factory datasets for autonomous movement, Ati Motors’ robotic solutions have demonstrated industry-leading uptime, enabling manufacturers to increase productivity in dynamic and complex environments.
"Since our founding, Ati Motors mission has been to create advanced, reliable products that enhance both productivity and efficiency in industrial settings."
Saurabh Chandra, Founder and CEO of Ati Motors.
The $20 million raised will allow Ati Motors to accelerate the development of its autonomous robotic workforce. The company plans to expand its AI models and industrial autonomy platform, using its extensive real-world factory data to improve the performance and reliability of its robots.
Additionally, the funds will be allocated to market expansion and operational growth. Ati Motors is focused on strengthening its North America headquarters in Detroit and scaling operations in new markets such as Mexico, Southeast Asia, and India.
Founded by Saurabh Chandra, Ati Motors has positioned itself as a leader in autonomous mobile robotics. The company specializes in industrial robotics inspired by self-driving cars, with a product line that includes Tugs, Bin Movers, Pallet Movers, and Lifting Platforms.
The flagship product, the Sherpa Tug, is equipped with 3D navigation capabilities and has logged over 500,000 kilometers across more than 50 factories worldwide. Serving industries like automotive, aerospace, and electronics, Ati Motors combines AI, robotics, and manufacturing expertise to deliver solutions that enhance productivity while ensuring worker safety.
The Series B funding round was led by:
Past funding includes support from True Ventures, Exfinity Venture Partners, Athera Venture Partners, and Blume Ventures, which have collectively contributed to Ati Motors’ funding journey, now totaling over $37 million.
