Elixia Robotics, a logistics automation startup founded in 2022 by Sanket Sheth, has successfully raised $1 million in a pre-Series A funding round. The round was led by JITO Incubation and Innovation Foundation (JIIF), with additional support from prominent investors such as Motilal Oswal, Vimal Shah, Sparsh Jain, Vinod Dugar, Vimal Khinvasara, Ashok Shah, and Amit Chandwar.
The newly acquired funds will primarily be used to expand Elixia’s footprint in the Middle East, where the company plans to offer advanced logistics solutions tailored to meet the region’s specific challenges. Specializing in comprehensive software tools like transport management systems and logistics control towers, Elixia aims to streamline and optimize supply chain operations for businesses.
A key aspect of Elixia’s strategy involves integrating cutting-edge technologies such as Generative AI and Machine Learning into its product offerings. This integration will enhance multimodal logistics visibility and improve operational efficiency, providing clients with real-time, data-driven insights for more effective decision-making and greater transparency in logistics processes.
Elixia has already garnered an impressive client base, including major players like Flipkart, Hershey’s, Pidilite, and UPL, positioning the company as a trusted partner in logistics automation. With JIIF’s investment, Elixia is set to accelerate its growth, leveraging the expertise and networks that JIIF has cultivated through its investments in over 80 early-stage companies, including 50 startups with Jain founders.
As AI and Machine Learning continue to reshape industries, Elixia’s focus on harnessing these technologies places it at the forefront of innovation in the logistics sector. With AI projected to add up to $15.7 trillion to the global economy by 2030, Elixia is well-positioned to capitalize on these advancements and drive further transformation in supply chain management.
