Swaayatt Robots bags $4mn funding to develop 100% driverless tech

Swaayatt Robots, a Bhopal-based startup, secured $4 million in funding at a $151 mn valuation from US investors after showcasing its driverless Mahindra Bolero navigating single-lane traffic. The company plans to raise an additional $11 million at a valuation between $175 mn and $200 mn. Founder Sanjeev Sharma aims to achieve Level 5 autonomy, needing $1.5 billion for large-scale implementation.