ATI Motors has filed a notice of an exempt offering of securities to raise $10,797,755.00 in New Equity Investment.
According to filings with the U.S. Securities and Exchange Commission, ATI Motors is raising $10,797,755.00 in new funding. Sources indicate that as part of senior management Chief Executive Officer, Saurabh Chandra played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.
About ATI Motors
Ati Motors does interdisciplinary engineering across AI, power electronics, control systems, mechanical engineering, system software, electronics and manufacturing. They build (concept to manufacturing) Sherpa Line of Autonomous Mobile Robot (AMR) – Next generation robots employing Natural Navigation using 3D LiDAR & camera vision. The Bangalore and Detroit based team is focused on a hands-on, practical approach to robotics, building products that have been deployed in the real world, in factories and warehouses. The company takes pride in designing robots that fit into existing infrastructures, indoors and outdoors, with robust mechanical systems, reliable electronics and advanced automation software. These AMRs are Industry 4.0 ready, and seamlessly integrate with the Digital Enterprise. The Sherpa product line is an autonomous, electric, compact Tugger with a unique 3 wheel design for agility and maneuverability. This self-driving autonomous vehicle requires no markings, collaborates with humans, and reroutes paths dynamically to avoid obstructions. Its proprietary algorithms that localise without needing GPS signals from satellites allow it to seamlessly move between indoor and outdoor routes. The set up requires no infrastructural changes. It is also compatible with cellular networks in addition to WiFi.
To learn more about ATI Motors, visit http://www.atimotors.com/
Contact:
Saurabh Chandra, Chief Executive Officer
984-527-9446
https://www.linkedin.com/in/saurabhchandra/
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