Warehouse robotics startup Accio Robotics receives $1.8 million funding led by BIG Capital

Bengaluru-based Warehouse robotics startup Accio Robotics has raised $1.8 million funding in its Pre-Collection A spherical led by BIG Capital, in keeping with an organization’s assertion on Tuesday, December 9.

Different buyers who participated within the spherical embrace Unisync Angels, Daniel Fitzgerald, and a few present buyers like Roots Ventures, and Anuj Bihani, founding father of Impaqt Robotics.

Accio plans to utilise the funds in direction of reinforcing the know-how and product staff, establishing channels for worldwide development, and enabling extra robotic deployments.

“We had been significantly impressed by the simplicity and effectivity of the product providing, capacity to ship enticing ROI to its clients and within the course of enabling enterprises to redeploy costly human capital in direction of larger worth actions. Accio robotics’s capacity to function in each 2D and 3D configuration makes it a very enticing alternative for warehouse automation and we stay up for supporting the corporate to realize nice success,” stated Preetinder Singh Panjrath, CFO, BIG Capital.

Accio gives warehouse automation options and has developed a ground-breaking robotics system that’s set to remodel how companies handle order selecting of their warehouses. The Bengaluru-based startup plans to formally launch and showcase its product globally in February 2024 and can be focusing on a worldwide market presence past that.

Earlier, it raised funding from 100X.VC, CIO Angel Community, and a clutch of angel buyers led by Ajay Sarupria and Uday Sodhi.

Commenting on the funding, Ravinder Vashist, associate of Roots Ventures, stated, “We’re fairly impressed with the imaginative and prescient of Tuhin and Pranav and what they’ve executed to this point. Accio Robotics’ goal to reinforce efficiencies in warehouses sits effectively with our funding theme of figuring out technology-led disruptors throughout sectors. This fairness increase will assist the corporate additional enhance its know-how stack and sharpen its go-to-market technique.”

Accio develops cellular robotics methods for warehouses and success centres, with the first aim of automating the order-picking course of. Robotic options not solely help in growing order fulfilment productiveness, however in addition they assist in hyper-optimisation of house utilisation.

Within the startup house, Google on Monday, December 08, introduced the second cohort of the GNI Startups Lab — a 12-week catalyst programme that goals to assist the following technology, unbiased, early-stage Indian information startups obtain monetary and operational sustainability.