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| (L-R) — Malin Stiller (COO), Suchit Sharma (CEO), Daya Shankar (CTO) |
Uma Robotics intends to utilise funds for team expansion and new technology development
The Start-up is from first cohort of EvlolveX, Global Accelerator Programme by WFC
We Founder Circle (WFC), an early-stage start-up investment platform led by a global community of successful founders and strategic angels, has announced leading the pre-seed round in Uma Robotics with an Undisclosed amount.
Started by Suchit Sharma with more than a decade experience in Robotics Industry Uma Robotics provides sustainable logistics, automation, and IoT solutions to assist warehouses and manufacturing industries in cost optimization by enabling robotic-led heavy box and totes handling tasks that are typically performed by humans.
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| Logo of Uma Robotics |
Uma Robotics is one of the 6 start-up WFC funded from its first cohort of EvolveX, Global accelerator programme. WFC has collaborated with several strategic angels to help the start-up stabilise its operational capabilities to meet market barriers while also gaining a competitive advantage over competitors.
On the Investment Bhawna Bhatnagar, Co-founder of We Founder Circle affirmed “In the era of Industry 4.0, automation and efficient logistics are critical factors for the growth of any industry. Large companies are gradually adopting automation, but it is far beyond the reach of mid-sized and smaller businesses, as well as other industries such as mining, construction, and agriculture. Seeing Uma Robotics’ potential to be a major disruptor in this sector, we are excited to have invested in the start-up and we promise to provide support to its mission in all aspects.”
Commenting on the funds raised Mr. Suchit Sharma, Founder and CEO, Uma Robotics said “We wish to acknowledge WFC's and all other investors' confidence in our model and concept. As there are no relevant solutions for outdoors and multiple terrains at affordable prices, our vision is to completely revolutionize the Indian industry through automation to maintain a quality that is competitive with the global market. Our solutions have already been very well received by our clients and within the first year of our incorporation, we have delivered our robot to a Fortune 500 company. This fundraise not only brings us the resources but also the fine mentorship of an array of reputed investors. Their support will help us achieve more milestones.”
The start-up will utilized the raised funds to increase the size of the Engineering Team, Business Development, Building Infrastructure, and Hardware/ Software for RND and Development.
Uma Robotics recently won the STPI Chunauti 2.0 competition and received a 25 lakh INR investment from Pontaq Ventures. The brand also received a Nidhi Pravas grant from IIT Roorkee in May 2022 and received 10 lakh INR. In June 2022, Uma robotics won “Startup Uttarakhand grand challenge” and received an award from Honb. Chief Minister of Uttarakhand Shri Pushkar Singh Dhami for their Innovative solution in Robotics
WFC invests USD 50K- USD 2Mn amount in early-stage start-ups that are fueled with ambition, sustainability, and a strategic approach. WFC provides seed funding, business development, and global networking opportunities to start-ups as it believes early-stage start-ups need a lot beyond just financial support to become scalable and stable. It has already enabled USD 12 mn worth of investments across 33 start-up deals in the year 2021 alone and invested in 56 startups since incorporation.
On the Investment Bhawna Bhatnagar, Co-founder of We Founder Circle affirmed “In the era of Industry 4.0, automation and efficient logistics are critical factors for the growth of any industry. Large companies are gradually adopting automation, but it is far beyond the reach of mid-sized and smaller businesses, as well as other industries such as mining, construction, and agriculture. Seeing Uma Robotics’ potential to be a major disruptor in this sector, we are excited to have invested in the start-up and we promise to provide support to its mission in all aspects.”
Commenting on the funds raised Mr. Suchit Sharma, Founder and CEO, Uma Robotics said “We wish to acknowledge WFC's and all other investors' confidence in our model and concept. As there are no relevant solutions for outdoors and multiple terrains at affordable prices, our vision is to completely revolutionize the Indian industry through automation to maintain a quality that is competitive with the global market. Our solutions have already been very well received by our clients and within the first year of our incorporation, we have delivered our robot to a Fortune 500 company. This fundraise not only brings us the resources but also the fine mentorship of an array of reputed investors. Their support will help us achieve more milestones.”
The start-up will utilized the raised funds to increase the size of the Engineering Team, Business Development, Building Infrastructure, and Hardware/ Software for RND and Development.
Uma Robotics recently won the STPI Chunauti 2.0 competition and received a 25 lakh INR investment from Pontaq Ventures. The brand also received a Nidhi Pravas grant from IIT Roorkee in May 2022 and received 10 lakh INR. In June 2022, Uma robotics won “Startup Uttarakhand grand challenge” and received an award from Honb. Chief Minister of Uttarakhand Shri Pushkar Singh Dhami for their Innovative solution in Robotics
About We Founder Circle
Established in 2020 in Mumbai, We Founder Circle is a global community of successful founders & strategic angels that have come together to push the start-up industry and steer it towards aggressive growth.WFC invests USD 50K- USD 2Mn amount in early-stage start-ups that are fueled with ambition, sustainability, and a strategic approach. WFC provides seed funding, business development, and global networking opportunities to start-ups as it believes early-stage start-ups need a lot beyond just financial support to become scalable and stable. It has already enabled USD 12 mn worth of investments across 33 start-up deals in the year 2021 alone and invested in 56 startups since incorporation.
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