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Funding · AI & Deep Tech

AquaAirX raises Rs 12.5 crore seed round

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Date
Company
AquaAirX
What it does
Amphibious drone maker for inspections
Kind
Funding
Amount
Rs 12.5 crore
Stage
seed
Based in
Bengaluru
Founded
2024
Sector
AI & Deep Tech

What they do

AquaAirX builds amphibious drones that transition from air to water for monitoring

What happened

The company raised Rs 12.5 crore led by Rainmatter with other investors

Why it matters

It plans manufacturing in 2027 and global expansion via Asia-Pacific partnerships

The details

  • AquaAirX secured Rs 12.5 crore in a seed round of funding.
  • Rainmatter, the investment arm of Zerodha, led the investment round.
  • Investors included Prime Venture Partners, Wyser, and India Accelerator.
  • The Bengaluru-based startup focuses on deep-tech service robotics solutions.
  • It develops amphibious drones capable of transitioning between air and water environments.
  • The flagship product is a Hovering Autonomous Underwater Vehicle for inspections.
  • Target sectors include defence, energy, infrastructure, and commercial maritime operations.
  • Founders Jitendra Kumar Purnmal Saini and Gouthami TS co-founded the firm.

The bigger picture

  • Manual underwater monitoring methods are often risky and expensive for operators.
  • Siloed platforms create intelligence gaps in air-water monitoring scenarios.
  • The technology addresses blind spots in critical infrastructure inspection tasks.
  • Previous grants supported prototype development before this equity funding.

About the business

  • The company operates as a deep-tech service robotics provider.
  • It targets defence, energy, and infrastructure sectors with its products.
  • Commercial maritime operations are also key target markets for deployment.
  • Technology Readiness Level reached 6 for the flagship platform recently.
  • An iDEX backing secured the first working prototype development phase.
  • International deployment occurred at a ConocoPhillips Malaysia offshore environment.
  • Parallel venture AEROGO generates revenue to support AquaAirX research efforts.
  • Manufacturing start and market entry are planned for 2027.
  • Global expansion aims for Asia-Pacific and Middle East partnerships.

What happens next

  • Use funds for core tech stack and engineering team expansion.
  • Focus on air-to-water transition reliability improvements.
  • Conduct testing and certification for defence-grade standards.
  • Begin manufacturing and enter defence and commercial markets in 2027.
  • Expand globally via partnerships in Asia-Pacific and Middle East.

The deal

Type
Seed Funding

Investors

Founders

  • Jitendra Kumar Purnmal Saini, Co-founder and CTO
  • Gouthami TS, Co-founder and CEO

About AquaAirX

Product
Amphibious aerial-to-underwater drones and hovering autonomous underwater vehicles (HAUVs).
Customers
Defense organizations, maritime security agencies, and high-value commercial marine infrastructure operators.
How it makes money
Direct equipment sales and contracts for autonomous robotic platforms, sensor payloads, and mission services.
What sets it apart
Proprietary design enabling seamless transitions between aerial flight and submerged operations alongside precision hovering AUVs.

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