Accio Robotics Secures $1.8 Million in Pre-Series A Funding 

Bengaluru-based warehouse robotics startup Accio Robotics has successfully raised $1.8 million (approximately INR 15 Cr) in a Pre-Series A funding round, co-led by BIG Capital, Unisync Angels, and Daniel Fitzgerald. Existing backers, including Roots Ventures and Impact Robotics’ founder Anuj Bihani, also participated in the funding round.

Accio will utilize the freshly secured funds to strengthen its technology and product team, establish international growth channels, and deploy more robots in warehouse automation.

Established by Pranav Srinivasan and Tuhin Sharma, Accio Robotics specializes in warehouse automation solutions. The startup boasts a robotics system designed to revolutionize warehouse order-picking processes, addressing the challenges of time-consuming and cost-intensive operations. Accio plans to officially launch and showcase its products on a global scale next month.

The founders, Srinivasan and Sharma, emphasized their focus on automating warehouse processes, particularly order picking, which is a critical aspect in their endeavour to make the process more efficient using robotics.

Accio Robotics began its operations in the Indian subcontinent in 2022 and has already secured partnerships with notable entities such as the Indian Navy and Mahindra Logistics. The founders highlighted their collaboration with Mahindra Logistics, expressing their satisfaction with the growing deployments within the Mahindra ecosystem.

Looking ahead to the next financial year (FY25), Sharma and Srinivasan outlined their ambitious plans for global expansion, targeting markets in the Middle East, APAC region, Australia, Europe, and the US. They emphasized a strategic approach to deployments, post-deployment support, and maintenance for their robotic solutions.

Accio Robotics had raised $430,000 in a funding round from investors such as 100X.VC, CIO Angel Network, and various angel investors.

In the competitive landscape of warehouse automation, Accio faces direct competition from GreyOrange, a robotics firm that secured $135 million (approximately INR 1,123 Cr) in December of the previous year. GreyOrange specializes in AI-based robotic systems for automating routine tasks in warehouses and fulfilment centres for major e-commerce and retail companies. 

The funding received by GreyOrange aimed to scale up its technology leadership and expand the adoption of its fulfilment orchestration platform in warehouses, distribution centres, and retail stores.