AutoNxt Automation secured funding of Rs 6.4 crore from HNIs in a seed round of funding under the leadership of Swadeep Pillarisetti
AutoNxt Automation secured funding of Rs 6.4 crore from HNIs in a seed round of funding under the leadership of Swadeep Pillarisetti, who is also one of the board members at AutoNxt Automation.
The funding round was led by Keiretsu Forum, Virya Mobility 5.0 and a few marquee angels like Ayad Khalil Chammas (experienced oil and gas professional now an international investor in the EV space), Chand Das (former CEO of ITC), Nitin Johar (CFO for IDO at Govt of Ras Al Khaimah), Suveer Sinha (India head for KKR Capstone), and Ravichandran Sargunaraj (former Executive Director at TVS Logistics Services Ltd), among others.
The company used this funding very efficiently in R&D, tooling and testing of India’s First electric tractor for 3 years, as per reported by YourStory.
Also read: Change is inevitable in the world of technology
Do Follow: CIO News LinkedIn Account | CIO News Facebook | CIO News Youtube | CIO News Twitter
About us:
CIO News, a proprietary of Mercadeo, produces award-winning content and resources for IT leaders across any industry through print articles and recorded video interviews on topics in the technology sector such as Digital Transformation, Artificial Intelligence (AI), Machine Learning (ML), Cloud, Robotics, Cyber-security, Data, Analytics, SOC, SASE, among other technology topics
