# Ati Motors Private

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ati-motors-private

- Industry: Automobiles, Other Vehicles & Parts
- Headquarters: Bangalore, India
- Website: www.atimotors.com
- Total disclosed funding: $48M
- Latest round: Series B (Jan 22, 2025)
- Investors on record: 8

## About

Based in Bangalore, India, and founded in 2017, Ati Motors automate trolley and bin movements in factories, warehouses, and eCommerce fulfillment centers. The company was co-founded by V Vinay, Saurabh Chandra, and Saad Nasser. In January 2025, Ati Motors raised USD 20 million in series B funding co-led by returning investors NGP Capital and Walden Catalyst, with participation from other returning investors Blume Ventures, Athera Venture Partners, Exfinity Venture Partners, True Ventures, and other unspecified investors.

Ati Motors offers Sherpa Tug an autonomous, electric tug that can move trolley payloads that can easily integrate with existing trolleys and thus fit into workflows without any changes and Sherpa Lite is a compact version of the tug with the same proven autonomy platform suited for bin movement in factories such as electronic assembly plants or in eCommerce order fulfillment use cases.

The company plans to utilize the January 2025 funding to accelerate its product offering and expand in other markets specifically in the US, Mexico, India, Thailand, and Singapore.

## Funding rounds

- Series B, Jan 22, 2025, $20M — Walden Catalyst, True Ventures, NGP Capital, Blume Ventures, Exfinity Venture Partners, Athera Venture Partners
- Series B, Dec 19, 2024, $17M — Walden Catalyst, True Ventures, NGP Capital, Blume Ventures, Exfinity Venture Partners, Athera Venture Partners
- Series A, Jul 21, 2023, $11M — True Ventures, Blume Ventures, Exfinity Venture Partners, MFV Partners, Athera Venture Partners
- Seed, Jul 1, 2021 — Village Global

## Investors

- Village Global (https://capitalatlas.ai/funds/village-global) — Seed
- True Ventures (https://capitalatlas.ai/funds/true-ventures) — Series A, Series B
- Blume Ventures (https://capitalatlas.ai/funds/blume-ventures) — Series A, Series B
- Exfinity Venture Partners (https://capitalatlas.ai/funds/exfinity-venture-partners) — Series A, Series B
- MFV Partners (https://capitalatlas.ai/funds/mfv-partners) — Series A
- Athera Venture Partners (https://capitalatlas.ai/funds/athera-venture-partners) — Series A, Series B
- Walden Catalyst (https://capitalatlas.ai/funds/walden-catalyst) — Series B
- NGP Capital (https://capitalatlas.ai/funds/ngp-capital) — Series B