Elixia Robotics has secured USD 1 million in a pre-Series A funding round led by JITO Incubation and Innovation Foundation (JIIF), India’s first community-based angel network. The investment is backed by prominent investors, including Motilal Oswal (Motilal Oswal Financial Services), Vimal Shah (Bidco Oil), Sparsh Jain (JG Group), Vinod Dugar (RDB Group), and Vimal Khinvasara (WMA Group). Additional support came from Ashok Shah (Vtransgroup) and Amit Chandwar (KM Trans Logistics).
Founded in 2022 by Sanket Sheth, Elixia focuses on logistics automation, offering businesses advanced software solutions to optimize their supply chain processes. The fresh capital will be used to fuel the company’s expansion into the Middle East, where it aims to deliver region-specific logistics solutions. Elixia also plans to enhance its product suite with generative AI and machine learning, improving multimodal visibility and operational efficiency for its clients.
Rajat Mehta, Chairman of JIIF, said: “Our investment in Elixia is part of our commitment to harnessing innovation.”
Sanket Sheth, Founder of Elixia, added: “This new investment will enable us to expand our product portfolio with generative AI capabilities and enhance multimodal visibility for our customers. In a world where time is money, we empower businesses to save both by streamlining their supply chains with data-driven solutions.”
Featured image: Credit: Elixia
