About Auro Robotics
Auro Robotics is a Transportation, Automotive & Logistics company based in Santa Clara (United States) founded in 2013, and was acquired by Ridecell in October 2017. Autonomous vehicles and driving systems are developed by Auro Robotics. Auro Robotics has raised $2 million across 5 funding rounds from investors including Ridecell, Indian Institute Of Technology Kharagpur and Department of Scientific and Industrial Research. Its focus areas include Energy Tech, Electric Vehicles, Automaker and Commercial Vehicles. Its competitors include Zoox, May Mobility and Optimus Ride; 3 of its 3 listed competitors have raised funding.
Company details
Auro Robotics is a spin-off from a research group of IIT Kharagpur working on autonomous vehicles. The company is presently helping some of the leading automobile companies in building autonomous driving systems and ADAS for their cars. Building its autonomous driving software platform AuRoNav on which various autonomy apps can be built. The company plans to build autonomous shuttles for large complexes like universities, industrial complexes, golf carts, etc. The autonomous shuttles were tested at Santa Clara University and the company was part of the summer 2015 batch of Y Combinator.
Funding Insights of Auro Robotics
Auro Robotics has successfully raised a total of $2M across 5 strategic funding rounds. The most recent funding activity was a Series A round of $2 million completed in April 2016. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $2M
- Total Rounds 5
- Last Round Series A — $2M
- Investors Count 6
All 5 funding rounds of Auro Robotics with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2016 | $2M | Series A | – | Motus Ventures | |
| Aug 2015 | Seed | – | Zillionize | – | |
| Aug 2015 | Seed | – | – | ||
| Sep 2014 | Grant | – | – | ||
| Jun 2014 | Seed | – | – |
7 investors in total: 7 institutional.
Investors in Auro Robotics
Auro Robotics has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include Ridecell, Indian Institute Of Technology Kharagpur and Department of Scientific and Industrial Research.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage US companies are invested in by Rothenberg Ventures. | rothenbergventures.com | San Francisco, United States | ||
Seed-stage companies are funded by Zillionize venture capital firm. | zillionize.com | Palo Alto, United States | ||
Early-stage startups are accelerated via funding and educational programs. | ycombinator.com | Mountain View, United States | ||
| motusventures.us | ||||
Scientific and industrial research promotion and technology development services in India. | 1985 | dsir.gov.in | Delhi, India | |
Academic programs in engineering, technology, and research are provided. | 1951 | iitkgp.ac.in | Kharagpur, India | |
Cloud-enabled platforms for shared mobility and fleet management are provided. | 2009 | ridecell.com | San Francisco, United States |
Investor details for Auro Robotics
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Timeline of Auro Robotics
4 dated milestones of Auro Robotics across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Auro Robotics is founded.
- Funding First funding round.
- Funding Latest funding round, Series A, of $2.0M.
- Exit Acquired by Ridecell.
Competitors of Auro Robotics
Auro Robotics has 3 listed competitors in our database, 3 of them funded. They include Zoox, May Mobility and Optimus Ride.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| zoox.com | 2014 | Foster, United States | $990M | 1,388 | Autonomous mobility solutions are provided through AI-enabled platforms. | |
| maymobility.com | 2017 | Ann Arbor, United States | $382.62M | 196 | Autonomous shuttles are developed for urban transportation solutions. | |
| optimusride.com | 2015 | Cambridge, United States | $43.98M | 130 | Self-driving technology for shuttles is developed and provided. |
Detailed competitors of Auro Robotics
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- Full competitor set
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Web traffic of Auro Robotics
The website of Auro Robotics (auro.ai) receives about 1.2K visits a month.
- Monthly visits1.2K
▲ 113.4% vs previous month
Top companies in Autonomous Vehicles
3 companies that operate in the same segment as Auro Robotics (Autonomous Vehicles) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
AI and SaaS-based self-driving solutions for autonomous vehicles are provided. | 2017 | Mountain View, California, United States | USD 692.62 M | USD 3 M | 2,619 | |
Developer of LiDAR-based sensors | 2002 | San Francisco, California, United States | USD 129 M | USD 169.38 M | 192 | |
SaaS-enabled hardware and software for autonomous vehicles are developed. | 2013 | San Francisco, California, United States | USD 7.72 B | 3,326 |
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Related news about Auro Robotics
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Frequently Asked Questions about Auro Robotics
Auro Robotics was founded in 2013 and raised its 1st funding round 1 year after it was founded.
Auro Robotics is headquartered in Santa Clara, United States. It is registered at Santa Clara, California, United States.
Auro Robotics is a funded company, having raised a total of $2M across 5 funding rounds to date.
Auro Robotics is a spin-off from a research group of IIT Kharagpur working on autonomous vehicles. The company is presently helping some of the leading automobile companies in building autonomous driving systems and ADAS for their cars. Building its autonomous driving software platform AuRoNav on which various autonomy apps can be built. The company plans to build autonomous shuttles for large complexes like universities, industrial complexes, golf carts, etc. The autonomous shuttles were tested at Santa Clara University and the company was part of the summer 2015 batch of Y Combinator.
Auro Robotics's top competitors include Zoox, May Mobility and Optimus Ride.
Auro Robotics has 7 investors. Key investors include Ridecell, Indian Institute Of Technology Kharagpur, Department of Scientific and Industrial Research, Rothenberg Ventures, and Motus Ventures.
Yes. Auro Robotics was acquired by Ridecell in October 2017.