Torus Robotics
Assembly Line
Torus Robotics secures USD 470,000 seed investment from T.N. Infrastructure Fund Management Corporation
Torus Robotics Pvt Ltd, a deep tech startup founded in Chennai, and specialising in indigenous powertrain technology for the electric vehicle automotive market, defence, aviation and consumer markets, has raised a seed investment of USD 470,000 led by the Tamil Nadu Infrastructure Fund Management Corporation (TNIFMC), under the T.N. Emerging Sector Seed Fund (TNESSF).
The funding round also saw participation from Forge Innovation & Ventures, Coimbatore, and SINE (Society for Innovation & Entrepreneurship) at the Indian Institute of Technology Bombay.
The startup said that the funding will be utilised to scale up its research and development operations. Besides, the company also aims to use the funds to finance other critical aspects of the business, including innovation and growth.