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Chennai-based deeptech startup Torus Robotics raises $470K led by TNIFMC

IndianStartupNews

IndianStartupNews · 1y ago

Chennai-based deeptech startup Torus Robotics raises $470K led by TNIFMC

Chennai-based deeptech startup Torus Robotics has successfully raised $470,000 in a seed funding round led by TNIFMC through TNESSF. The company aims to address the electric vehicle industry's reliance on imported powertrain components by offering lighter, more compact, and more efficient alternatives. The funding will support research and development efforts, manufacturing scale-up, market expansion, and talent attraction. Torus Robotics has also been recognized and supported by the United Nations Industrial Development Organization (UNIDO) under the FLCTD program.

Related News

Torus Robotics secures $470,000 seed investment from TNIFMC

Business Today

Business Today · 1y ago

Torus Robotics secures $470,000 seed investment from TNIFMC

DeepTech startup Torus Robotics has raised $470,000 in a seed funding round led by Tamil Nadu Infrastructure Fund Management Corporation (TNIFMC). The funding will be used to accelerate research and development operations, facilitate the commercialisation of Torus Robotics' powertrain technology solutions for electric vehicles (EVs), and support innovation and growth. The Chennai-based company aims to revolutionise electric mobility by offering more efficient and affordable solutions, with a particular focus on axial flux motors and controllers.

Torus Robotics secures $470,000 seed investment from TNIFMC

Business Today

Business Today · 1y ago

Torus Robotics secures $470,000 seed investment from TNIFMC

Chennai-based deepTech startup Torus Robotics has raised $470,000 in seed funding led by Tamil Nadu Infrastructure Fund Management Corporation (TNIFMC). The funds will be used to scale up the company's research and development operations and accelerate the commercialization of its indigenous powertrain technology for the electric vehicle (EV) market. Torus Robotics aims to revolutionize electric mobility by addressing the reliance on imported powertrain components, focusing on the development of more efficient and compact Axial Flux Motors and controllers.

Torus Robotics secures seed investment from TNIFMC

Thehindubusinessline

Thehindubusinessline · 1y ago

Torus Robotics secures seed investment from TNIFMC

Chennai-based startup Torus Robotics has raised $470,000 in seed funding led by the Tamil Nadu Infrastructure Fund Management Corporation. The company specializes in powertrain technology for electric vehicles (EVs), defense, aviation, and consumer markets. The funding will be used to expand Torus Robotics' research and development operations. The startup aims to reduce reliance on imported powertrain components for the EV market. Torus Robotics is also exploring opportunities in industries such as power generation and robotics.

Anscer Robotics raises $2 Mn in seed round

Entrackr

Entrackr · 5m ago

Anscer Robotics raises $2 Mn in seed round

Anscer Robotics raises $2 Mn in seed round Deeptech startup Anscer Robotics has raised $2 million in its seed round led by Info Edge Ventures. The proceeds will be used to expand into new geographies and develop new product lines. Founded by Ribin Mathew, Ebin Sunny, Raghu Venkatesh, and Brijesh CA, Anscer Robotics makes smart robots that help move things in warehouses, factories, and logistics centers. The company’s flagship robots can carry up to two tonnes, including pallet movers, tuggers, conveyors, and lifters. The startup claims to have already deployed autonomous mobile robots (AMRs) at the units of its 15 enterprise customers across the US, India, Singapore, and Japan.

Zoho Acquires Asimov Robotics Amid Deeptech Push

Inc42 · 1m ago

Zoho Acquires Asimov Robotics Amid Deeptech Push

Zoho has acquired robotics startup Asimov Robotics to boost its R&D capabilities in deeptech. The acquisition, announced during the inauguration of Zoho's Kottarakkara office in Kerala, enables Zoho to explore new global opportunities in robotics. Although financial details were not disclosed, Asimov Robotics' founder, Jayakrishnan T, expressed motivation to expand the startup's impact. Additionally, Asimov Robotics partnered with KSUM to launch a deeptech product studio, fostering innovation in the field.

Accio Robotics secures raises funding to fuel its warehouse automation offerings

Inc42 · 1y ago

Accio Robotics secures raises funding to fuel its warehouse automation offerings

Bengaluru-based warehouse robotics startup Accio Robotics has raised $1.8 million in a Pre-Series A funding round co-led by BIG Capital, Unisync Angels, and Daniel Fitzgerald. The company offers warehouse automation solutions and has developed a robotics system for order picking in warehouses. Accio plans to use the funding to enhance its technology and product team, expand internationally, and deploy more robots. The startup is set to officially launch and showcase its products globally next month.

AuraML raises $1 Mn in pre-seed round led by Turbostart

Entrackr

Entrackr · 1m ago

AuraML raises $1 Mn in pre-seed round led by Turbostart

Snippets AuraML raises $1 Mn in pre-seed round led by Turbostart Deeptech startup AuraML has raised $1 million in a pre-seed funding round led by Turbostart, with participation from DeVC, GSF Accelerator, Indian Angel Network (IAN), and other investors. The funds will be used to accelerate product development, expand its presence in the US, and scale enterprise pilots across warehouse automation, industrial robotics, and next-generation autonomous systems. Founded by Ayush Sharma, AuraML is building a generative simulation platform that allows robotics companies to model, test, and deploy systems faster, more safely, and at lower cost. Its technology helps bridge the “sim-to-real” gap faced by traditional simulation tools, offering realistic testing environments for autonomous mobile robots (AMRs) and forklifts. AuraML’s simulation capabilities include text-to-world generation, advanced sensor noise modeling for LiDAR and camera data, and scalable cloud-based multi-robot deployment testing. By shifting from physical to virtual testing, AuraML claims to cut timelines from six months and $500,000 to just one week at a fraction of the cost. Its platform, AuraSIM, combines physically accurate 3D environments and synthetic data engines to support scalable, real-world-ready robotics development.

Planys Raises INR 43 Cr To Offer Underwater Infrastructure Testing Solutions

Inc42 · 1y ago

Planys Raises INR 43 Cr To Offer Underwater Infrastructure Testing Solutions

Deeptech startup Planys Technologies has secured INR 43 crore ($5 million) in funding led by angel investor Ashish Kacholia. The Indian company, founded by IIT Madras alumni and faculty, offers underwater infrastructure testing solutions. The funding will be used to accelerate Planys’ mission to revolutionise infrastructure inspections through advancements in marine robotics, underwater testing, and digital analytics and reporting platforms. Planys already works with industry players including Reliance Industries, IOCL, BPCL, and Indian Railways, and aims to expand globally and diversify into oceanographic and defence use cases.

Anscer Robotics raises $2 mn in funding to drive global expansion

Inshorts · 5m ago

Anscer Robotics raises $2 mn in funding to drive global expansion

Anscer Robotics, a Bengaluru-based developer of intelligent autonomous mobile robots (AMRs), has raised $2 million in a seed funding round led by Info Edge Ventures. The startup designs advanced robotic solutions for manufacturing and supply chains, helping enterprises streamline their operations with automation.

Industrial robotics startup Ati Motors raises $20 million in Series B funding

Economic Times

Economic Times · 6m ago

Industrial robotics startup Ati Motors raises $20 million in Series B funding

Ati Motors, a Bengaluru-based autonomous industrial robotics startup, has secured $20 million in a Series B funding round led by Walden Catalyst Ventures and NGP Capital. The funds will accelerate product development and geographic expansion. Ati Motors, known for its Sherpa Tug robots, operates in several countries and industries, focusing on automotive, electrical, appliance, and aerospace sectors. The company aims to bridge the gap in autonomous robotics performance and expand its North American presence.

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