Indian warehouse robotics startup Accio Robotics (Accio) has announced a funding round worth US$1.8mn (£1.4m) as part of its Pre-Series A funding round.
The financing was co-led by BIG Capital, Unisync Angels and Daniel Fitzgerald.
Existing investors, including Roots Ventures and Impaqt Robotics’ founder Anuj Bihani, also participated in the round, among others.
The company has said it will use the funding to grow its product and technology team, as well as pursuing international expansions and increased deployments of its robotics.
Accio was founded by Pranav Srinivasan and Tuhin Sharma, and develops warehouse automation solutions.
So far, it claims to have developed a robotics system to ‘transform’ current order picking processes.
What’s more, it intends to officially launch its products globally next month, according to an official statement.
Tuhin Sharma, co-founder of Accio Robotics, said: “Extremely glad to welcome Preetinder Singh Panjrath and BIG Capital as the lead investor, to the cap table.
“Truly value their commitment to early stage deep-tech and hardware ecosystem and also thankful for being the drivers of the first and largest investment in this round.”
Some of the main benefits of AccioPick Pilot solution, according to its developer, include that zero changes need to be made to a site’s existing infrastructure, which it says protects the capital expenditure made prior to automation.
Accio has also said its solution offers a 60% reduction in space utilisation and 50% savings on labour costs.
