Autocracy Machinery Pvt Ltd, an ISO 9001 certified manufacturer of trenching, turf, and construction machinery, has announced securing a US$ 1.2 million in seed funding led by Venture Catalysts. Marquee investors Nikhil & Bharat Jaisinghani, Executive Directors, Polycab India Ltd, Meghna Agarwal, CEO, IndiQube, Abhishek Rungta, Partner, Seeders, Srikanth Iyengar, CEO, Workforce Development, upGrad, and Abhishek Modi, Managing Partner, Shiva Engg, VP-South Asia chapter, Stanford Seed Network, along with HEM Angels, VC Grid, and S Four Capital, participated in this round.

Founded in 2020 by IITian Santhoshi Buddhiraju and serial entrepreneur Laxman Vallakati, Autocracy’s cutting-edge solutions cater to multiple sectors such as agriculture, telecommunications, landscaping, irrigation, civil engineering, and infrastructural development. Its pioneering machinery is three times more efficient and is priced to ensure accessibility for both farmers and contractors, enabling them to harness the power of technology for enhanced efficiency.

Presently, India imports heavy-duty machinery that is not optimized for the Indian use case. Imports result in cost escalation and often cause significant downtimes due to a fractured consumables supply chain and an untimely maintenance regime. The funding will be used to expand Autocacy’s domestic and global distribution footprint, invest in R&D, and build out a state-of-the-art industrial unit to enhance and streamline production. Autocracy has clocked a three-fold increase in revenue in past years and is well-positioned to achieve revenues of INR 60 crore by the fiscal year 2025.

On the fundraise, Autocracy shared its vision, “We are driven by our commitment to India’s ‘Make in India’ and ‘Make for the World’ mantras by redefining heavy duty precision engineering in India with efficient, locally designed, and cost-effective machinery. Our overarching mission is to play a pivotal role in establishing India as a global manufacturing and innovation powerhouse.”

Autocracy’s signature line of products includes a suite of trenchers and lawn mowers, complemented by an array of versatile host-vehicle-agnostic attachments. Over the past 18 months, Autocracy has served a diverse clientele, spanning industrial giants such as Sterlite, L&T, and MEIL to individual farmers and contractors. It has also forayed into the international market, with products exported to the Middle East and Africa. With a dynamic team of 100 engineers, researchers, and workforce, Autocracy is actively contributing to India’s most ambitious fiber optic and water pipeline projects (Jal Jeevan Mission), enriching communities.

 Commenting on this significant funding round and stressing that India’s construction equipment industry has experienced rapid growth in recent years and is projected to reach a staggering US$ 160 billion by 2027,  Dr Apoorva Ranjan Sharma, Co-founder, Venture Catalysts, underscored, “This expansion is fueled by a multitude of factors, including government-led infrastructure development initiatives, surges in foreign investments, and the flourishing real estate sector. India is increasingly committed to reducing its reliance on expensive imported equipment. Investing in Autocracy resonates deeply with our mission to support and promote the ‘Make in India’ initiative.”

For more information: www.autocracymachinery.com