Ati Motors, an all-electric autonomous industrial vehicle maker, has raised $3.5 million in a funding round led by Blume Ventures and Exfinity Venture Partners.
MFV Partners and a syndicate on LetsVenture led by Livspace founder Ramakant Sharma also participated in the Pre-Series A round, Ati Motors said.
The pre-Series A 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 successful entrepreneurs like Bill Gates, Mark Zuckerberg, and Jeff Bezos among others.
INDIA DEAL MONITOR
Here are prominent venture capital transactions in India from July 14-18, 2021.
