Total amount raised
$1.7 Millions
Latest funding date
10/01/2022
Location
Minus Zero has successfully raised funding through a Seed round, with notable investors including IIT Mandi Catalyst and Snow Leopard Technology Ventures. The company is focused on developing a full-stack AI platform for Advanced Driver Assistance Systems (ADAS) and Autonomous Driving (AD).
Keep reading to explore the intricacies of Minus Zero's fundraising journey and the investors backing this innovative platform.
What Is Minus Zero?
Minus Zero, founded in May 2020, is based in Bangalore, Karnataka, India. The company was established by Gagandeep Reehal and Gursimran Kalra.
Specializing in autonomous mobility solutions, Minus Zero leverages nature-inspired AI and world models to create a human-like driving experience. Their offerings include an intelligent platform for automotive OEMs, autonomous trucking solutions, and the zPod vehicle.
With a team of 11-50 employees, Minus Zero aims to accelerate the transition to autonomous mobility, focusing on emerging markets like India.
How Much Funding Has Minus Zero Raised?
- Angel Round
- Amount Raised: Not publicly disclosed
- Date: August 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Likely aimed at initial development and operational setup.
- Non-Equity Assistance
- Amount Raised: Not publicly disclosed
- Date: February 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Likely to support early-stage research and development.
- Grant
- Amount Raised: Not publicly disclosed
- Date: June 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Likely to fund specific research projects or initiatives.
- Seed Round
- Amount Raised: $1.7M
- Date: May 2022
- Lead Investors: Chiratae Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To build extensive autonomous vehicle R&D infrastructure and expand the team.
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: October 2022
- Lead Investors: IIT Mandi Catalyst, Snow Leopard Technology Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Likely to advance technology and scale operations.
Total Amount Raised: $1.7M
Current Valuation: Not publicly disclosed
Key Investors
- Chiratae Ventures
- Details: Chiratae Ventures is a venture capital firm that invests in early-stage technology companies. TCM Sundaram, founder and vice chairman, emphasized the need for autonomous vehicles to become a reality.
- Investment Focus Areas: Technology startups, healthcare, consumer media, financial services.
- Notable Investments: Myntra, CureFit, Lenskart.
- JITO Angel Network
- Details: JITO Angel Network is a network of angel investors from the Jain International Trade Organization. They focus on funding startups across various sectors.
- Investment Focus Areas: Technology, healthcare, consumer products.
- Notable Investments: ShopKirana, Fynd, Wow! Momo.
- Senior Executives from NVIDIA
- Details: High-level executives from NVIDIA, a multinational technology company known for its graphics processing units (GPUs) and AI technology. They participated in the seed round for Minus Zero.
- Investment Focus Areas: AI, gaming, data centers, automotive technology.
- Notable Investments: Not specified in the sources.
- Senior Executives from Lyft
- Details: High-level executives from Lyft, a transportation network company that develops, markets, and operates the Lyft mobile app. They participated in the seed round for Minus Zero.
- Investment Focus Areas: Transportation, ride-sharing, autonomous vehicle technology.
- Notable Investments: Not specified in the sources.
- Snow Leopard Technology Ventures
- Details: Snow Leopard Technology Ventures is a venture capital firm that invests in technology startups. They participated in the seed round for Minus Zero.
- Investment Focus Areas: Technology startups, particularly those with innovative solutions.
- Notable Investments: Not specified in the sources.
What's Next for Minus Zero?
Minus Zero is poised to revolutionize the autonomous vehicle industry with its innovative technology. The company is focused on building extensive R&D infrastructure and expanding its team to bring their self-driving cars to market. With a successful seed round of $1.7 million, they aim to publicly launch their first autonomous vehicle use-case by early 2023. This milestone could open doors for further funding and strategic partnerships, positioning Minus Zero as a key player in the industry.
However, the road ahead is not without challenges. Ensuring safety and robust decision-making in diverse and complex driving conditions, especially in emerging markets like India, will be crucial. Additionally, competition from established players like Tesla and Google presents a significant hurdle. Despite these challenges, the increasing interest and investment in autonomous vehicle technology provide a promising outlook for Minus Zero's future growth and development.
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