Accio Robotics funding

accio robotics funding

Accio Robotics announced that it has raised an undisclosed amount in a funding round led by Uday Sodhi, Co-founder of Founder’s Room Capital.

The round also saw participation from other investors such Jignesh Kenia, UtpalDoshi, Girish Jain, and Pankaj Bhargava.

Established in 2020 by Tuhin Sharma and Pranav Srinivasan, Accio Robotics is a portfolio company of 100X.VC.

Commenting on the new development, Accio Robotics Co-founder Tuhin Sharma said, “This investment will not only help us strengthen our product development efforts, but will also provide a platform for Accio to be able to penetrate a wider market with much more widespread impact.”

The startup says its mobile robots are used in warehousing, manufacturing, pharma, packaging, FMCG, and e-commerce, and are created to work in a traditional Indian shop.

Speaking about the investment, Uday Sodhi, Co-founder, Founder’s Room Capital said, “Accio Robotics is an exciting startup in the Autonomous Mobile Robot space. We at Founders Room Capital believe in backing smart and passionate founders in high tech areas with huge market potential.”

Accio Robotics expects its independent mobile robots to cut lead times and decrease error. The robotics sector has appeared as a chief investment space for venture capitalists, particularly for niche firms, as the future of this sector looks promising given the increased push towards automation.

Moreover, robotics are now increasingly being used in several industries like automobile, industrial engineering, as well as ecommerce.

Ninad Karpe, Partner, 100X.VC said, “At 100X, we fund and nurture path-breaking startups and Accio Robotics, with its unique technology, is well placed to become a pioneer and leader in the Autonomous Mobile Robot space.”

The venture fund 100X.VC is sponsored by Mehta Ventures, the family office investment arm of Sanjay Mehta.

Accio Robotics is solving the warehousing problems of several businesses through their solutions. Looking at the increasing investor interest in the robotics industry, I strongly believe the company will reach new heights. My best wishes to the team of Accio Robotics.

Shishir Gupta, Founder and CEO, StartupLanes

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