NGP Capital has co-led a $20 million Series B funding round for Ati Motors, a pioneer in developing rugged autonomous mobile robots tailored for demanding manufacturing environments.
Information on the Target
Ati Motors is at the forefront of redefining industrial automation through its ruggedized autonomous mobile robots (AMRs), specifically designed for challenging manufacturing environments. With a proven track record among prestigious clients, Ati Motors leverages proprietary technology that allows its robots to navigate harsh industrial settings effectively.
The company has successfully deployed its solutions across various prominent industries, showcasing a significant competitive advantage in terms of cost and innovation. By developing AMRs that excel in adverse conditions, Ati Motors positions itself as a key player in transforming material handling processes.
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Industry Overview in India
The industrial automation sector in India is witnessing robust growth due to the increasing demand for efficiency and the challenges posed by labor shortages. Material handling remains one of the most demanding aspects of m
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Disclosed details
Transaction Size: $20M