Funding · AI & Deep Tech
Coratia raises ₹22 Cr for underwater robots
By Startup Enthusiast ·
- Date
- Company
- Coratia Technologies
- What it does
- Marine robotics startup
- Kind
- Funding
- Amount
- ₹22 Cr
- Stage
- seed
- Founded
- 2021
- Sector
- AI & Deep Tech
What they do
Coratia builds underwater robots for inspection and defence
What happened
The company raised ₹22 Cr from three investors in this round
Why it matters
It also secured a ₹66 Cr grant from the Ministry of Defence
The details
- Coratia Technologies is a marine robotics startup founded in 2021.
- The company raised ₹22 Cr in total funding from three investors.
- Investors include Piper Serica Angel Fund, MGF Kavachh, and Pontaq Ventures.
- Coratia received a ₹66 Cr grant from the Ministry of Defence iDEX scheme.
- This grant supports supply to the Indian Navy.
- The team formed via a Ministry of Earth Science open challenge.
- Founders are alumni of NIT Rourkela with mechanical engineering backgrounds.
- Coratia appeared on Shark Tank India Season 3.
The bigger picture
- India’s undersea market is valued at $108.86 Mn currently.
- The market is growing at 18.27% annually until 2032.
- Undersea cables carry 99% of global internet traffic.
- India lacks strong domestic cable-repair capabilities.
About the business
- Coratia manufactures Remotely Operated Vehicles (ROVs) and autonomous systems.
- Jaladuta is a civilian ROV rated for 150m depth.
- Jalasimha is a military-grade ROV rated for 300m depth.
- Oceanaus is a compact modular ROV for various tasks.
- Navya is an autonomous surface vehicle for hydrographic surveys.
- Products use tethered light-speed cables for real-time data transfer.
- Systems feature autonomous navigation with operator override capability.
- Applications include underwater infrastructure inspection and salvage.
- Defence uses include mine detection and threat assessment.
- Jalasimha meets strict naval encryption standards.
What happens next
- Supply products to the Indian Navy using MoD funds.
- Expand capabilities in underwater infrastructure inspection.
- Develop more autonomous surface vehicles for surveys.
The deal
- Type
- equity
Investors
- Piper Serica Angel Fund (investor)
- MGF Kavachh (investor)
- Pontaq Ventures (investor)
Founders
- Debendra Pradhan, Co-founder and CEO
- Biswajit Swain, Co-founder
About Coratia Technologies
- Product
- Autonomous underwater vehicles and remotely operated underwater robots.
- Customers
- Defence and industrial organisations that need underwater inspection, surveillance, and maintenance.
- How it makes money
- Sells underwater robotics systems and related deployment work.
- What sets it apart
- It builds indigenous underwater robotics for strategic and critical infrastructure use.
- Operations
- It is incubated at NIT Rourkela and is expanding manufacturing and R&D.