Chennai-based deeptech startup Torus Robotics has successfully raised $470K in its seed funding round. The funding, led by Tamil Nadu Infrastructure Fund Management Corporation (TNIFMC) through the Tamil Nadu Emerging Sector Seed Fund (TNESSF), signals a major milestone for Torus Robotics as it seeks to revolutionize powertrain technology for EVs.
Joining TNIFMC in this round are Forge Innovation & Ventures from Coimbatore and SINE (Society for Innovation & Entrepreneurship) at IIT Bombay, highlighting the growing interest in Torus Robotics’ innovative solutions within the automotive sector. With a focus on advancing powertrain components such as motors and controllers, Torus Robotics aims to address the industry’s significant reliance on imported parts while enhancing efficiency and reducing costs.
Founded in 2019 by Vignesh M, Vibhakar Senthil, and Abbhi Vignesh K, Torus Robotics has rapidly emerged as a frontrunner in deeptech innovation, leveraging advanced engineering principles to develop cutting-edge solutions. The company’s products boast impressive performance metrics, including a 50% reduction in weight and size, coupled with a 15% increase in efficiency compared to traditional alternatives.
Under the FLCTD program facilitated by the United Nations Industrial Development Organization (UNIDO), Torus Robotics has secured additional funding to support its initiatives across the electric vehicle, industrial, and energy sectors. This endorsement underscores the potential impact of Torus Robotics’ technologies in driving sustainable innovation and economic growth.
With the latest infusion of capital, Torus Robotics is poised to accelerate its research and development efforts, bringing its transformative technologies from the laboratory to the market at an accelerated pace. The funding will also support critical aspects of the business, including manufacturing scale-up, market expansion, and talent acquisition, positioning Torus Robotics for long-term success in the rapidly evolving automotive landscape.
Commenting on the funding round, Vignesh M, co-founder of Torus Robotics, expressed his gratitude for the support from TNIFMC and other investors, emphasizing the company’s commitment to driving positive change in the automotive industry. He highlighted Torus Robotics’ dedication to innovation and sustainability, underpinning its mission to revolutionize electric vehicle powertrains and shape the future of mobility.
As Torus Robotics embarks on its next phase of growth, fueled by the recent funding infusion, industry observers anticipate the company to emerge as a leading player in the global EV market. With a focus on disruptive technologies and a relentless pursuit of excellence, Torus Robotics is well-positioned to redefine the automotive landscape and drive the transition towards a more sustainable future.
