Thursday, April 18, 2024
HomeRecent ArticlesIndia's Torus Robotics Secures $470K in Seed Round

India’s Torus Robotics Secures $470K in Seed Round

India's first Tech startup recognized by Startup India, Torus Robotics has raised $470K in seed round led by Tamil Nadu Infrastructure Fund Management Corporation (TNIFMC), under Tamil Nadu Emerging Sector Seed Fund (TNESSF).

India’s first Tech startup recognized by Startup India, Torus Robotics has raised $470K in seed round led by Tamil Nadu Infrastructure Fund Management Corporation (TNIFMC), under Tamil Nadu Emerging Sector Seed Fund (TNESSF).

Read also – Singapore-based Rider Dome Secures $2.3M Seed Funding

Other investors included Forge Innovation & Ventures, Coimbatore, and SINE (Society for Innovation & Entrepreneurship) IIT (Indian Institute of Technology) Bombay.

Read also – Singapore-based Incomlend Acquires LC Lite

The funding will be used to fund innovation and expansion as well as to expand Torus Robotics’ R&D activities, which will guarantee a quick transfer of their products from the laboratory to the market. 

Read also – East Ventures and Kadin Indonesia launches ECOVISEA

“This funding will empower us to invest in R&D and introduce new products that can meet the changing needs of customers in the EV automotive space,” Vibhakar Senthil, co-founder of Torus Robotics, said.

Read also – Kuwait-based Bookr Secures Undisclosed Funding in bridge Round

About Torus Robotics

Founded in 2019 by Vignesh M, Vibhakar Senthil, and Abbhi Vignesh K in Chennai, Torus Robotics is India’s first Tech startup recognized by Startup India (DIPP 51485), working on Unmanned Ground Vehicles, Robotics and Indigenous & Disruptive Powertrain technology for the Defence, Aviation, Automotive & Consumer markets.

Read also – UAE-based The Digital Hotelier Raises $1 Mn in Seed Round

The startup is India’s First and Youngest Defence Startup to Indigenously Design, Develop and Deliver India’s Largest Fully Electric Unmanned Ground Vehicle (UGV), equipped with a 6 DOF Robotic arm, for detection, identification and disposal of life menacing unidentified objects, to the Indian Defence.

Read also –Israel-based Octup Secures $4Mn Pre-Seed Funding

- Advertisement -
RELATED ARTICLES
- Advertisment -

Most Popular