Warehouse robotics startup Accio Robotics receives $1.8 million funding led by BIG Capital

Bengaluru-based warehouse robotics startup Accio Robotics has raised $1.8 million funding in its Pre-Series A round led by BIG Capital, according to a company's statement on Tuesday, December 9.

Other investors who participated in the round include Unisync Angels, Daniel Fitzgerald, and some existing investors like Roots Ventures, and Anuj Bihani, founder of Impaqt Robotics.

Accio plans to utilise the funds towards reinforcing the technology and product team, establishing channels for international growth, and enabling more robot deployments.

"We were particularly impressed by the simplicity and efficiency of the product offering, ability to deliver attractive ROI to its customers and in the process enabling enterprises to redeploy expensive human capital towards higher value activities. Accio robotics's ability to operate in both 2D and 3D configuration makes it a particularly attractive choice for warehouse automation and we look forward to supporting the company to achieve great success," said Preetinder Singh Panjrath, CFO, BIG Capital.

Accio provides warehouse automation solutions and has developed a ground-breaking robotics system that is set to transform how businesses manage order picking in their warehouses. The Bengaluru-based startup plans to officially launch and showcase its product globally in February 2024 and will be targeting a global market presence beyond that.

Earlier, it raised funding from 100X.VC, CIO Angel Network, and a clutch of angel investors led by Ajay Sarupria and Uday Sodhi.

Commenting on the investment, Ravinder Vashist, partner of Roots Ventures, said, “We are quite impressed with the vision of Tuhin and Pranav and what they have executed so far. Accio Robotics’ aim to enhance efficiencies in warehouses sits well with our investment theme of identifying technology-led disruptors across sectors. This equity raise will help the company further improve its technology stack and sharpen its go-to-market strategy."

Accio develops mobile robotics systems for warehouses and fulfillment centres, with the primary goal of automating the order-picking process. Robotic solutions not only assist in increasing order fulfilment productivity, but they also aid in hyper-optimisation of space utilisation.

In the startup space, Google on Monday, December 08, announced the second cohort of the GNI Startups Lab -- a 12-week catalyst programme that aims to help the next generation, independent, early-stage Indian news startups achieve financial and operational sustainability.