India, Jan. 23 -- Bengaluru-based industrial robotics startup Ati Motors has raised $20 Mn (INR 172.7 Cr) in a Series B funding round co-led by Walden Catalyst Ventures (WCV) and NGP Capital (NGP).

The round also saw participation from existing investors, including True Ventures, Exfinity Venture Partners, Athera Venture Partners and Blume Ventures.

The company plans to use the fresh capital to boost product development and expand its market presence in North America and APAC.

Recently, the company set up operations in Mexico and has bolstered its presence across the US, India, and Southeast Asia. Additionally, it is currently expanding its North American headquarters in Detroit, MI.

Saurabh Chandra, cofounder and CEO of Ati Motors, s...