US based technology solutions provider Elixia has raised USD 1 million in a pre-series A funding from several investors led by JITO Incubation and Innovation Foundation (JIIF), the only community-based angel network in India.

Elixia and its Indian subsidiary, Elixia Robotics have raised USD 1 million from several marquee investors including Motilal Oswal (Motilal Oswal Financial Services), Vimal Shah (Bidco Oil), Sparsh Jain (JG Group), Vinod Dugar (RDB Group) and Vimal Khinvasara (WMA Group).

Additionally, Ashok Shah (V-Trans Group), Amit Chandwar (K M Trans Logistics), Om Jain (Just Call), and Hiren Kapasiawala have also invested in the startup. 888VC has also co-invested with JIIF in Elixia Robotics.

The company plans to use the new funding to expand in the Middle East, delivering advanced logistics solutions tailored to regional businesses. This investment will also enhance their product portfolio by incorporating Generative AI and Machine Learning to improve multimodal visibility and detect operational and cost slippages in the logistics industry.

Founded by Sanket Sheth, the startup specialises in providing comprehensive software solutions that empower businesses to streamline their supply chain operations.

“As AI drives the future, our investment in Elixia is part of our effort to harness its full potential and stay at the forefront of innovation. AI is transforming industries globally, and we are committed to contributing to its growth,” Rajat Mehta, Chairman of JITO Incubation and Innovation Foundation, said.

Commenting on the development, Sanket Sheth, Founder of Elixia, added, “This new investment will enable us to expand our product portfolio with Generative AI capabilities and enhance multimodal visibility for our customers. In a world where time is money, we empower businesses to save both by streamlining their supply chains with data-driven solutions. The USD 1 million investment is a testament to the belief our investors have in our vision to reshape logistics for the modern world.”

With a client roster that includes industry leaders such as Flipkart, Hersheys, Pidilite, and UPL, Elixia is poised for significant growth. As per PwC, AI could contribute up to $15.7 trillion to the global economy in 2030 and the largest gains are expected to accrue to Saudi Arabia where AI is expected to contribute over US$135.2 billion in 2030 to the economy, equivalent to 12.4 per cent of GDP.