Indian AI and Robotics Startup Swaayatt Robots Secures $4 Mn to Advance Level 5 Autonomy
Published on June 8, 2024
Bhopal-based Indian AI and Robotics startup Swaayatt Robots recently raised $4 million at a valuation of $151 million from US investors. The company will further raise $11M at a valuation of round $175M-$200M.
“In 2021, we raised $3 million, of which we have utilised only $650,000. So in total, we now have $6.3 million to carry our research forward. We are already operating in cities, highways, and off-road locations,” said Sanjeev Sharma, chief of Swaayatt Robots, in an exclusive interview with AIM.
“By the end of this year, we’ll be creating a blueprint that could solve Level Four Autonomy globally. To scale that model, we may raise around $1.5 billion,” said Sharma.