Indian Robotics Startups Raise $117 Million in 2024

• Indian robotics startups raised US$117 million in 2024.
• Funding has increased from US$54 million in 2023 to US$117 million in 2024.
• Significant deals include Niqo Robotics and Ati Motors.
• Global robotics funding reached US$18.6 billion in 2024.
• Labor market dynamics are driving robotics investments in India.

Record Funding Shows Rising Confidence in Robotics Sector

In a significant surge, Indian robotics startups managed to secure a whopping US$117 million in funding throughout 2024, a striking leap from last year’s US$54 million and an even smaller US$28.8 million in 2022, as reported by Tracxn. This robust increase not only demonstrates rising investor confidence but also illustrates the growing tendency towards advanced automation in various sectors. Notably, the spotlight has been shining brightly on specific deals, with companies like Niqo Robotics raising US$13 million, CynLr attracting US$10 million, and Ati Motors capturing US$20 million, which indicates a clear interest in industrial applications.

Global Trends Highlight Industrial Robotics Growth

Examining the global landscape reveals that robotics startups worldwide amassed a formidable US$18.6 billion in 2024, more than doubling the US$8.6 billion secured in the previous year, according to F-Prime Capital’s 2025 State of Robotics report. This escalating trend in funding is not a mere fluke; it’s a clear marker of a third wave of funding acceleration in robotics since 2015. Early indicators have been promising, with enterprise robotics showing a 95% growth spike from 2015 to 2016, laying the groundwork for the current patterns, which favor industrial investments significantly more than consumer robotics.

Labor Shortages Propel Robotics Adoption

Moreover, the dynamics of the labor market seem to be reshaping the way companies are approaching robotics adoption. With a staggering 2.1 million manufacturing jobs projected to be unfilled in the U.S. by 2030 due to Baby Boomer retirements, the urgency to integrate robotics is palpable. Interestingly, while 75% of industrial organizations understand the significance of workforce reskilling for adapting to automation, a mere 10% feel prepared, establishing a pressing need for robotics solutions. As various sectors grapple with this workforce crisis, the ability to implement robotics quickly has turned critical, forcing developers to innovate fast.

India Establishes Strong Global Robotics Presence

India’s prowess in the global robotics scene cannot be overlooked, with startups increasingly addressing gaps in the U.S. market. Companies like GreyOrange and Cynlr are finding the right footing in American warehousing and industrial applications, carving their niche. Though India occupies the third position in overall tech funding globally in 2024, its robotic sector’s growth rate is quite extraordinary—jumping from US$28.8 million in 2022 to US$117 million this year. The strengths exhibited by Indian startups lie in creating bespoke solutions tailored to specific industrial needs, a trend that is slowly gaining traction.

Bengaluru Emerges as India’s Robotics Powerhouse

Bengaluru has transformed into a vital hub for robotics development in India, attracting a staggering 30.28% of all Indian tech funding in 2024. The city’s burgeoning ecosystem supports innovation, presenting an opportunity for startups to thrive, benefit from local engineering talent, and leverage strong customer support capabilities. This unique combination provides an edge, even if the cost advantages from previous decades are starting to slowly diminish. As the robotics sector continues to evolve, the narrative around India becomes clearer—one of promise and competitive advantage on the global stage, as it steps up to meet the demands of a changing world.

The uptick in funding for Indian robotics startups, climbing to US$117 million this year, showcases a vibrant confidence in the sector, mirroring global trends as robotics strategies shift. Broken down, the increase signals a dramatic transformation in both labor market responses and investment landscapes. All in all, it’s a ripe time for robotics innovation, with major implications for operational efficiencies in industry.