General Autonomy, a robotics startup founded by the co-founders of ShareChat, has successfully raised USD 3 million in funding. The investment comes from Elevation Capital, India Quotient and several angel investors.
In an announcement on X (formerly known as Twitter), Farhid Ahsan said-
Among the angel investors are individuals from companies such as Zetwerk, Livspace and ShareChat itself. The co-founders of General Autonomy, Ahsan and Bhanu Singh, previously announced their departure from active roles at ShareChat in January.
Ahsan’s post on X sheds light on General Autonomy’s mission to develop AI-driven robots for the industrial sector. This endeavor aligns with the Ministry of Electronics and Internet Technology’s (MeitY) draft National Strategy on Robotics, which sets a goal for India to become a world robotics superpower by 2030. The Indian government’s Make in India 2.0 vision also recognises robotics as a key sector for enhancing India’s integration into the global value chain.
The industrial robotics segment in India faces its fair share of challenges, as revealed by a report from Tracxn. Out of the 45 startups focused on this sector, only about 12 have secured funding. However, notable names such as Ati Motors, CynLr, Accio Robotics and Vyorius have managed to secure investment, showcasing the potential and resilience within the industry.
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