[Funding alert] EV Startup AutoNxt Automation Secures Pre-Series A Funding Led by Saama Capital

Saama Capital is the lead investor in AutoNxt Automation, a pre-Series A round of funding. Prominent investors including Amit Singhal, Suveer Sinha, Keiretsu Forum, Bluehill Capital, Soonicorn Ventures, and others took part in the funding round.

India's First Electric Autonomous Tractor was developed by AutoNxt. In August 2019, AutoNxt introduced its unique product, the AzaadE-Electric Tricycle, to the nation, to a resounding reception.

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AutoNxt constructed its whole production line and supply network from the ground up. It has concurrently constructed the high power electric drivetrain that is ready for manufacturing.

The company is a deep-tech start-up that has developed two key technologies: off-road automation technology and a high torque electric power train. Currently, AutoNxt is developing an electric tractor that drives itself, serving as the initial use case for the fundamental technology.

According to the startup, its high-voltage systems set it apart from the competition. The company claims that it has also been actively developing an automation platform that is backed by 5G and AI, which it is testing on a variety of tractor use cases.

About AutoNxt Automation

AutoNxt Automation was founded by Kaustubh Dhonde, backed by a strong award-winning team of over a dozen engineers from different fields of engineering (combined team experience of 40+ years) including Mechanical Engineering, Automation Engineering, Embedded Systems, Electronics Engineering, etc, and guided by experienced startup advisors (IITians) - Jason Morais and Swadeep Pillarisetti.

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