Accio Robotics obtains funds to advance warehouse automation solutions

• ByStartupStory     |    January 9, 2024

Accio Robotics, a Bengaluru-based startup, has surged forward in the automation realm, securing a substantial $1.8 million in pre-Series A funding.

“Co-leading the round were BIG Capital, Unisync Angels, and Daniel Fitzgerald. Existing investors, including Roots Ventures and Anuj Bihani, founder of Impaqt Robotics, also extended their support,” the company disclosed.

The influx of capital is designated to fortify Accio Robotics’ technology and product team, expand globally, and enhance their fleet of robots.

Founded by Pranav Srinivasan and Tuhin Sharma, Accio Robotics specializes in optimizing warehouse order picking processes.

“The company has previously joined forces with the Indian Navy and Mahindra Logistics, firming its footprint in the sector,” the founders highlighted.

Looking ahead, the startup aims to showcase its innovative products globally, targeting expansion into the Middle East, APAC, Australia, Europe, and the US.

“Assessing market suitability, ensuring smooth deployment, and providing robust support for our robots will be our focus,” the founders emphasized.

Before this significant funding, Accio Robotics had raised $430K from entities like 100X.VC, CIO Angel Network, and angel investors, underscoring the company’s potential.

“GreyOrange, another robotics firm specializing in AI-based robotic systems for warehouse tasks, recently secured a massive $135 million in funding, showcasing the competitive landscape,” the report detailed.

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