Excelsior Correspondent
MUMBAI, July 15: Bangalore based all-electric autonomous industrial vehicle maker Ati Motors has raised USD 3.5 million (about Rs 26.12 crore) in a funding round, led by Blume Ventures and Exfinity Venture Partners, among others.
The pre-series funding will be deployed for manufacturing and deployment of a large fleet of autonomous vehicles in factories and warehouses, in both domestic and global markets, the company said on Wednesday.
Ati Motors had earlier raised a seed fund from Village Global – a Bay Area based-early stage fund backed by some of the world’s most successful entrepreneurs like Bill Gates, Mark Zuckerberg and Jeff Bezos among others, according to the release.