How Much Did Minus Zero Raise? Funding & Key Investors

Minus Zero has successfully raised funding over 5 rounds, with the latest being a Seed round. The company is backed by 6 investors, including IIT Mandi Catalyst and Snow Leopard Technology Ventures.

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 is a private company based in Bangalore, Karnataka, India, specializing in Artificial Intelligence, Automotive, Autonomous Vehicles, Intelligent Systems, and Robotics. The company focuses on re-inventing autonomous mobility and developing full-stack AI platforms for Advanced Driver Assistance Systems (ADAS) and Autonomous Driving (AD).

Founded with the mission to democratize AI for emerging markets, Minus Zero leverages self-supervised learning and data-driven generalizability to provide advanced autopilot capabilities. The company employs between 11-50 people and aims to deliver scalable, customizable AI solutions to Original Equipment Manufacturers (OEMs).

How Much Funding Has Minus Zero Raised?

1. Seed Round
   • Amount Raised: USD 1,700,000
   • Date: May 2022
   • Lead Investors: Chiratae Ventures, JITO Angel Network, senior executives from NVIDIA and Lyft
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: The funds will be used to build extensive autonomous vehicle R&D infrastructure and expand the team. The goal is to get the vehicle out on roads and aim for a public launch of their first autonomous vehicle use-case in late 2022 to early 2023.
2. Seed Round
   • Amount Raised: Not publicly disclosed
   • Date: October 2022
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: Not publicly disclosed
3. 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: Not publicly disclosed
4. Grant
   • Amount Raised: Not publicly disclosed
   • Date: June 2021
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: Not publicly disclosed
5. 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: Not publicly disclosed

Total Amount Raised: USD 1,700,000

Current Valuation: Not publicly disclosed

Key Investors

• Chiratae Ventures
  • Details: Chiratae Ventures is a venture capital firm that invests in early-stage technology companies in India. They led the $1.7 million seed funding round for Minus Zero.
  • Investment Focus Areas: Early-stage technology companies, consumer media, deep tech, SaaS, health tech.
  • Notable Investments: Myntra, CureFit, Lenskart.
• JITO Angel Network
  • Details: JITO Angel Network is an angel investment network that supports startups across various sectors. They participated in the seed funding round for Minus Zero.
  • Investment Focus Areas: Technology, healthcare, consumer products.
  • Notable Investments: ShopKirana, Fynd.
• Senior Executives from NVIDIA
  • Details: Senior executives from NVIDIA, a leading technology company known for its graphics processing units (GPUs), participated in the seed funding round for Minus Zero.
  • Investment Focus Areas: Technology, AI-driven companies.
  • Notable Investments: Various AI and technology ventures.
• Senior Executives from Lyft
  • Details: Senior executives from Lyft, a major ride-sharing company, participated in the seed funding round for Minus Zero.
  • Investment Focus Areas: Mobility, transportation, technology startups.
  • Notable Investments: Various mobility and transportation technology ventures.
• IIT Mandi Catalyst
  • Details: IIT Mandi Catalyst is an incubator and accelerator program based at the Indian Institute of Technology Mandi. They are one of the major investors in Minus Zero.
  • Investment Focus Areas: Technology startups, innovation-driven enterprises.
  • Notable Investments: Not publicly disclosed.

What's Next for Minus Zero?

Minus Zero is poised to capitalize on the burgeoning autonomous vehicle market in India. With a $1.7 million seed funding round, the company is set to develop extensive R&D infrastructure and expand its team. The public launch of their first autonomous vehicle use-case, targeted for late 2022 to early 2023, represents a significant milestone.

Future fundraising opportunities appear promising, given the successful seed round and ambitious plans. As the company progresses, additional funding rounds will likely be necessary to scale operations and enhance technology. However, challenges such as navigating complex driving conditions and competing with established players remain significant hurdles.

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