Manufacturing, assembly line segments Peer Robotics raises $2.3 million led by Kalaari Capital

Mobile robotics solutions platform Peer Robotics has raised $2.3 million in its seed-funding round led by Kalaari Capital with participation from existing investors Axilor Ventures, Connecticut Innovations, and Innopact VC.

The Gurugram-based startup offers adaptive robots in manufacturing, assembly line, and warehousing segments.

The firm plans to use the funds for research and development (R&D) on human-robot interaction and market expansion in small and medium-scale manufacturing around the world, it said.

Founded in 2019 by Rishabh Agarwal and Tanya Raghuvanshi, Peer Robotics is designed to work with humans; mirroring workflows in manufacturing operations on repetitive tasks; saving time, increasing efficiencies, and reducing injuries.