Investors powering on robotics startups
Indian robotics startups raised four times more funds in 2024 compared with two years earlier, as the growth opportunities presented by them amid a ramp-up in automation by enterprises and a fall in the time and cost to produce the machines attracted investor interest.
Robotics startups in India raised $117 million in 2024 across 41 deals, compared with $54 million in 2023 and $28.8 million in 2022, according to data sourced from market intelligence platform Tracxn. This mirrors the global funding landscape, where robotics startups saw $18.6 billion in funding in 2024, a 116% increase from $8.6 billion in 2023, as per the 2025 State of Robotics report from F-Prime Capital.
Niqo Robotics, a supplier of robotic solutions for farmers, raised $13 million in 2024, while CynLr, which provides an artificial intelligence-based robotic vision solution for industrial bots, got $10 million. Material handling robotics company Ati Motors raised $20 million early this year. Companies operating in construction and material handling are seeing significant business growth, said startup founders and investors. They are also among the ones seeing the highest investment activity.
Robotics startups are benefitting from the growth in another industry, automobiles, as both share several components. The growing automotive manufacturing ecosystem makes it easier for the startups to source these parts, helping reduce the cost and time to manufacture their products.
Peppermint Robotics, which supplies cleaning robots to enterprises, has built its own supply chain in Pune, sourcing from the local automotive manufacturers, founder Runal Dahiwade said. “If you rip it (Peppermint’s robots) open, you will see that the integrated circuit (IC) inside it comes from an auto rickshaw which is made in Pune,” he said.
Another fundamental change came from the electric vehicle industry, which brought down the cost of motors, batteries and sensors in India, a huge challenge earlier. “All these things came together and robot adoption is no longer about cost. That is an important realisation,” Dahiwade said.
Sateesh Andra, managing director of Endiya Partners, which has invested in robotics startup Perceptyne, said for robotic systems, real-time decision-making is critical, and that requires processing at the edge since sending data to the cloud introduces unacceptable latency.
Robotics startups in India raised $117 million in 2024 across 41 deals, compared with $54 million in 2023 and $28.8 million in 2022, according to data sourced from market intelligence platform Tracxn. This mirrors the global funding landscape, where robotics startups saw $18.6 billion in funding in 2024, a 116% increase from $8.6 billion in 2023, as per the 2025 State of Robotics report from F-Prime Capital.
Niqo Robotics, a supplier of robotic solutions for farmers, raised $13 million in 2024, while CynLr, which provides an artificial intelligence-based robotic vision solution for industrial bots, got $10 million. Material handling robotics company Ati Motors raised $20 million early this year. Companies operating in construction and material handling are seeing significant business growth, said startup founders and investors. They are also among the ones seeing the highest investment activity.
Robotics startups are benefitting from the growth in another industry, automobiles, as both share several components. The growing automotive manufacturing ecosystem makes it easier for the startups to source these parts, helping reduce the cost and time to manufacture their products.
Peppermint Robotics, which supplies cleaning robots to enterprises, has built its own supply chain in Pune, sourcing from the local automotive manufacturers, founder Runal Dahiwade said. “If you rip it (Peppermint’s robots) open, you will see that the integrated circuit (IC) inside it comes from an auto rickshaw which is made in Pune,” he said.
Another fundamental change came from the electric vehicle industry, which brought down the cost of motors, batteries and sensors in India, a huge challenge earlier. “All these things came together and robot adoption is no longer about cost. That is an important realisation,” Dahiwade said.
Sateesh Andra, managing director of Endiya Partners, which has invested in robotics startup Perceptyne, said for robotic systems, real-time decision-making is critical, and that requires processing at the edge since sending data to the cloud introduces unacceptable latency.
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