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Coratia Technologies has successfully raised ₹5 crore from Piper Serica Angel Fund, marking a notable advancement in India’s defense technology sector. The Odisha based enterprise, specializing in autonomous underwater vehicles, demonstrates how strategic investments in deep tech startups can accelerate the nation’s journey toward technological sovereignty.
Strategic Investment for National Security
The recently secured capital will enable Coratia Technologies to expand its research and development operations, upgrade manufacturing facilities, and pursue international market opportunities. This financial backing comes at a pivotal moment, following the company’s successful acquisition of a ₹66 crore contract from the Indian Navy for its domestically developed underwater remotely operated vehicle, Jalasimha.
Since its establishment in 2021 by founders Debendra Pradhan and Biswajit Swain, the company has consistently delivered innovative solutions addressing both defense and commercial requirements in underwater operations. Their product lineup comprising Jalasimha, Jaladuta, Oceanus, and Navya reflects a comprehensive approach to subsea technology development.
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Building Momentum in Maritime Technology
The current funding follows an earlier investment exceeding ₹17 crore from MGF Kavachh and Pontaq Ventures, indicating sustained investor confidence in the company’s technological capabilities and market potential. This pattern of progressive capital deployment underscores the strategic importance of underwater robotics within India’s broader maritime security architecture.
Ajay Modi from Piper Serica emphasized the investment’s alignment with national aspirations to establish India as a global technology leader by 2030. The combination of proven technical expertise and concrete defense contracts positions Coratia Technologies as a compelling growth opportunity.
Implications for India’s Blue Economy
As the nation intensifies efforts toward self reliance in critical defense sectors, Coratia Technologies exemplifies the potential of indigenous innovation. Their focus on developing cost efficient, high performance solutions for challenging underwater environments addresses both strategic defense requirements and commercial applications in ocean exploration, resource management, and environmental monitoring.
This development signals India’s emerging capabilities in specialized defense technology, potentially establishing new benchmarks for underwater robotics in global markets while strengthening national security infrastructure.
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