AI-driven robotics startup Control One has successfully raised ₹3 crore (approximately $350,000) in a pre-seed funding round. This crucial investment aims to propel the development of a fully functional prototype and facilitate pilot validations for their cutting-edge technology.
The funding round saw participation from a notable group of investors including Kunal Shah (Founder of CRED), Chaitanya R (Co-Founder of Wakefit), Amit Singh (former MD of Avendus Capital), and top supply chain executives from renowned companies such as Tesla, Amazon, Walmart, eBay, Mercedes-Benz, and General Electric.
Control One is pioneering artificial intelligence specifically designed for slow-moving equipment in the supply chain sector. The startup’s mission is to enhance the capabilities of these vehicles, pushing them to achieve or even exceed human levels of intelligence. This advancement aims to boost productivity, safety, and job satisfaction for blue-collar workers globally.
“Our mission is to transform slow-moving equipment worldwide using our advanced AI, enhancing vehicles to reach—or even surpass—human levels of intelligence. This technology will empower blue-collar workers worldwide to achieve greater productivity, safety, and satisfaction in their roles,” stated Pranav S, founder and CEO of Control One.
According to the Bureau of Labor Statistics (BLS), the supply chain labor market in the US alone is valued at $531 billion. Control One is strategically positioned to address the global challenges within this sector by leveraging the rapidly evolving AI infrastructure of this decade.
In the coming months, Control One plans to unveil its first fully functional prototype, demonstrating the practical application and potential of their AI technology in real-world scenarios. This milestone will mark a significant step forward in their quest to revolutionize the supply chain industry.