About AutoNxt Automation
AutoNxt Automation is a company based in Mumbai (India) founded in 2016 by Pankaj Goyal and Kaustubh Dhonde.. AutoNxt Automation has raised $6.91 million across 9 funding rounds from investors including Virya Mobility, Soonicorn Ventures and Saama Capital. The company has 1 employees as of March 25, 2024. AutoNxt Automation offers products and services including X45 Electric Tractor, X25 Electric Tractor, and X60 Electric Tractor. AutoNxt Automation operates in a competitive market with competitors including Clearpath Robotics, Muddy Machines, Farm-ng, Agtonomy and Bluewhite, among others.
- Headquarter Mumbai, India
- Employees 1 as on 25 Mar, 2024
- Founders Pankaj Goyal, Kaustubh Dhonde
- Stage Minicorn
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Sectors
Transportation, Automotive & LogisticsAgriculture
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Email
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Phone
*********
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Website
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Social
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- Legal Name Autonxt Automation Private Limited
- Date of Incorporation 09 Aug, 2016
- Jurisdiction Thane, Maharashtra, India
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Annual Revenue
$50.72 K (USD)0.37as on Mar 31, 2023
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Net Profit
$-134.62 K (USD)-279.78as on Mar 31, 2023
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EBITDA
$-231.27 K (USD)-112.12as on Mar 31, 2023
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Total Equity Funding
$6.91 M (USD)
in 9 rounds
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Latest Funding Round
$3.01 M (USD), Seed
Feb 13, 2024
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Investors
Virya Mobility
& 74 more
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Employee Count
1
as on Mar 25, 2024
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Products & Services of AutoNxt Automation
AutoNxt Automation offers a comprehensive portfolio of products and services, including X45 Electric Tractor, X25 Electric Tractor, and X60 Electric Tractor. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
45HP tractor for farming and haulage with zero emissions.
25HP tractor for agricultural tasks and efficiency.
60HP tractor for heavy-duty industrial applications.
Funding Insights of AutoNxt Automation
AutoNxt Automation has successfully raised a total of $6.91M across 9 strategic funding rounds. The most recent funding activity was a Seed round of $3.01 million completed in February 2024. 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 Total Funding
- Total Rounds 9
- Last Round Seed — $3.0M
- First Round First Round
- Investors Count 75
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2024 | Amount | Seed - AutoNxt Automation | Valuation | Saama Capital | |
| Jun, 2023 | Amount | Seed - AutoNxt Automation | Valuation | Saama Capital , Katavul | |
| Nov, 2022 | Amount | Seed - AutoNxt Automation | Valuation | Tychonic Innovation , Helios Holdings |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in AutoNxt Automation
AutoNxt Automation has secured backing from 75 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Virya Mobility, Soonicorn Ventures and Saama Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital investments and partnerships in diverse sectors.
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Founded Year | Domain | Location | |
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Investment platform for building investor communities and facilitating startup deals.
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Founded Year | Domain | Location | |
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Accredited investors are networked for private equity funding opportunities.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by AutoNxt Automation
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - AutoNxt Automation
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Autonxt Automation Comparisons
Competitors of AutoNxt Automation
AutoNxt Automation operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Clearpath Robotics, Muddy Machines, Farm-ng, Agtonomy and Bluewhite, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Autonomous robots and software are provided for diverse industries.
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| domain | founded_year | HQ Location |
AI-powered autonomous robots for crop fieldwork are developed.
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| domain | founded_year | HQ Location |
Provider of electric tractors for farmers
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| domain | founded_year | HQ Location |
Mobile assistant software is provided for autonomous agricultural machinery.
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| domain | founded_year | HQ Location |
Autonomous farming solutions are provided via AI and robotics.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Autonxt Automation
Frequently Asked Questions about AutoNxt Automation
When was AutoNxt Automation founded?
AutoNxt Automation was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Where is AutoNxt Automation located?
AutoNxt Automation is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of AutoNxt Automation?
Kaustubh Dhonde is the current CEO of AutoNxt Automation. They have also founded this company.
Is AutoNxt Automation a funded company?
AutoNxt Automation is a funded company, having raised a total of $6.91M across 9 funding rounds to date. The company's 1st funding round was a Seed of $349.02K, raised on Jul 24, 2018.
How many employees does AutoNxt Automation have?
As of Mar 25, 2024, the latest employee count at AutoNxt Automation is 1.
What is the annual revenue of AutoNxt Automation?
Annual revenue of AutoNxt Automation is $50.72K as on Mar 31, 2023.
What does AutoNxt Automation do?
AutoNxt Automation was founded in 2016 in Mumbai, India, where electric tractors are developed for sectors including agriculture, industry, and defense. Operations encompass material handling, site maintenance, and logistical support in construction, metal manufacturing, and airport environments. Remote operation and all-terrain features are incorporated to address diverse tasks across these areas.
Who are the top competitors of AutoNxt Automation?
AutoNxt Automation's top competitors include Clearpath Robotics, Farm-ng and Muddy Machines.
What products or services does AutoNxt Automation offer?
AutoNxt Automation offers X45 Electric Tractor, X25 Electric Tractor, and X60 Electric Tractor.
Who are AutoNxt Automation's investors?
AutoNxt Automation has 75 investors. Key investors include Virya Mobility, Soonicorn Ventures, Saama Capital, Keiretsu Forum, and Maharashtra State Innovation Society.
What is AutoNxt Automation's valuation?
The valuation of AutoNxt Automation is $10.45M as of Feb 2024.
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