Startup Robotics Genrobotics raised Rs 2.5 crore
On Wednesday, robotics startup Genrobotics said it raised Rs 2.5 crore in pre-series A round funding from established investors led by Unicorn India Ventures, along with Anand Mahindra, an industrialist, and SEA Fund.
Genrobotics, a Kerala-based company, collaborated with the center and state governments to eliminate manual scavenging from across the nation and deployed its Bandicoot robots across 11 states.
In the year 2015, Genrobotics was created. Arun George, Nikhil NP, Rashid Abdulla, and Vimal Govind MK started the business. They are involved in the industry, artificial intelligence, and market research.
To find the best solution for socially impotent problems, the firm designs and develops robots. In 2015, the company was formed by a team of enthusiastic Robotics and Defence Engineering engineers. They started out as a college student start-up with powered exoskeletons and then concentrated on commercially creating simple and lightweight exoskeletons.
The funds raised will be used to further increase Bandicoot production to meet increasing demand in the light of the eradication of manual scavenging and to develop new products and R&D (research and development) to exploit health care technology, “The funds raised will be used for further scaling up production of Bandicoot to meet the growing demand in light of eradicating manual scavenging and to develop new products and R&D (research and development) to leverage the technology for the health care segment,”
“Commenting on the fundraising, Vimal Govind, co-founder and CEO of Genrobotics, said: “It was a great moment for us when Anand Mahindra took a personal interest in the real crisis hidden in manual scavenging in favor of robotic solutions.