With its autonomous cargo robots, Ati Motors has found early customers among the world's biggest auto companies
Saurabh Chandra (left), CEO and Naveen Arulselvan, CTO of Ati Motors
Ati Motors’ founders started with ideas for autonomous vehicles, but zeroed in on a simpler “use case”, as they say in industry—moving things around. Whether it is tugging or lugging, the task is one that’s repeated over and over on factory floors and in warehouses, and an autonomous robot that makes this more efficient and effective will find customers.
That’s what the Bengaluru startup is finding, across some 20 customers now. The company was started in 2017 by CV Raman Award winner V Vinay, an IISc computer science don, Intel IRIS award winner Saad Nasser, a precocious youngster who wrote the first algorithm that became the germ of the idea for Ati Motors, and Saurabh Chandra, who brought the business chops.
A difference of opinion over the future direction of the venture led to Vinay and Nasser leaving the company, Economic Times reported in March 2022, citing the professor.
Chandra, the CEO, continues to run the company, and on the tech side, CTO Naveen Arulselvan has been with Ati Motors since 2017. He brings to his role a PhD in electrical engineering from Northwestern University in the US, and several years of industry experience, including stints at Motorola and Nokia Siemens Networks.
In July, the company announced it had secured Series A funding of $10.85 million from investors, including True Ventures, a Silicon Valley venture capital (VC) firm focussed on early-stage technology companies, Athera Ventures Partners, a deep tech VC firm. Existing investors Blume Ventures, Exfinity Ventures and MFV Partners joined in.