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Battery Tech Startup Log 9 Raises $8 5 Mn Funding Led By Amara Raja Batteries
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Log 9 Materials raises USD 8 5 mn in funding round led by Amara Raja Batteries
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MoEngage Raises $32 5 Mn In Series C1 And Executes ESOP Buyback
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Indian customer engagement platform MoEngage raises $32 5m Series C1
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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.