AutoNxt Automation, a pioneering electric mobility tech platform, has successfully secured its pre-Series A funding round, spearheaded by Saama Capital. Notable backers are joining the investment, including Amit Singhal, Suveer Sinha, Bluehill Capital, Keiretsu Forum, and Soonicorn Ventures. This infusion of capital marks a significant milestone for AutoNxt, following its earlier seed funding of Rs 6.4 crore from Keiretsu Forum and other contributors.
Distinguished by its ground-up approach, AutoNxt has meticulously constructed its supply chain and assembly infrastructure alongside developing a production-ready high-torque electric powertrain. Notably, the company prides itself on being the sole player in the market, offering high-voltage systems and positioning itself at the forefront of innovation in the electric mobility sector.
Leveraging advancements in AI and 5G technology, AutoNxt has been actively refining its automation stack, with a focus on enhancing efficiency across various applications, particularly in the realm of tractor automation. Through rigorous testing on a diverse array of use cases, the company aims to optimize the performance and reliability of its solutions.
Embarking on the initial phase of its ambitious roadmap, AutoNxt is poised to unveil its debut electric tractor featuring self-driving capabilities. Tailored for commercial use across a spectrum of industries, including biomass plants, airports, construction, agriculture, and solar farms, this innovative offering represents a significant leap forward in sustainable mobility solutions.
Highlighting the economic advantages of its technology, AutoNxt emphasizes substantial cost savings achievable through its electric tractor solutions, boasting a remarkable four-fold reduction in operational expenses. This cost-efficiency, coupled with its eco-friendly profile, positions AutoNxt as a compelling choice for businesses seeking to embrace sustainable practices without compromising on performance or profitability.
Headquartered in Mumbai, AutoNxt is poised to redefine the landscape of electric mobility, driving innovation and sustainability across diverse sectors. With the backing of Saama Capital and a consortium of esteemed investors, the company is well-positioned to chart a course towards transformative growth and industry leadership in the burgeoning electric mobility market.
