Coratia Technologies Secures Fresh ₹5 Crore Funding to Propel India’s Indigenous Underwater Robotics to Global Markets
What is the news?
Coratia Technologies, a pioneering deep-tech startup based in Odisha, has successfully completed a ₹5 crore funding round led by Piper Serica Angel Fund. Co-founded by Debendra Pradhan and Biswajit Swain, the company specializes in developing advanced autonomous underwater vehicles (AUVs) and Remotely Operated Vehicles (ROVs), equipped with AI for both defense and commercial applications.
This latest funding news is a strategic move to accelerate the company’s manufacturing capacity and significantly expand its reach into international markets.
Why is it interesting?
This capital injection follows a period of immense success for the Indian origin founders, including a landmark ₹66 crore contract with the Indian Navy for their indigenously developed Jalasimha UWROV. The global ambition of the Global Indian Alpha is clear: CEO Debendra Pradhan emphasizes the vision to “build a global supply chain from India and exporting indigenously developed capabilities.”
This commitment to establishing India as a critical source of world-class, deep-tech innovation and intellectual capital, as demonstrated by their recent showcasing of their capabilities in Brunei Darussalam for the subsea energy sector, perfectly aligns with the GIA narrative of India’s rising prominence on the global technological stage.
Read more: Coratia Technologies raises Rs 5 Cr led by Piper Serica Angel Fund