Coratia Technologies, a pioneering indigenous deep-tech startup specializing in underwater robotics, has successfully raised ₹5 crore (approximately $563,000) in a funding round led by Piper Serica Angel Fund. This investment follows the company’s landmark ₹66 crore contract from the Indian Navy, solidifying its position as a key player in India’s strategic autonomy and burgeoning blue economy.
The round also saw participation from existing investors, including MGF Kavachh and Pontaq Ventures, who collectively invested over ₹17 crore in July 2025 to boost India’s capability in subsea technology.
From Innovation to Strategic Asset
Founded by Debendra Pradhan and Biswajit Swain, and incubated at NIT Rourkela, Coratia Technologies designs and manufactures advanced Autonomous Underwater Vehicles (AUVs) and Remotely Operated Vehicles (ROVs).
The company’s flagship systems—which include Jalasimha, Jaladuta, Oceanus, and Navya—are designed for dual-use applications, serving both critical defense needs and commercial industrial inspections.
- The Navy Contract: The recent ₹66 crore contract for the indigenously developed Underwater Remotely Operated Vehicle (UWROV) Jalasimha represents a monumental leap in the ‘Make in India’ and ‘iDEX’ initiatives, certifying Coratia’s technology for active naval operations.
- Global Validation: Beyond defense, the startup has secured major domestic contracts with entities like Indian Railways and IOCL Paradip. It was recently invited to Brunei Darussalam, a major Southeast Asian oil producer, to demonstrate its robotic capabilities for subsea inspections of offshore energy infrastructure.
Fueling the Next Phase of Growth
The fresh capital will be strategically utilized to scale the business and strengthen its technological moat:
- R&D & Product Upgrade: Strengthening in-house research and development to advance next-generation product lines.
- Manufacturing Scale: Expanding its manufacturing capacity to meet the demands of the Indian Navy and growing commercial clients.
- International Markets: Aggressively exploring international markets, with a focus on building a global supply chain ecosystem anchored in India.
“This investment supports our vision to transform underwater robotics and strengthen India’s position in the global blue economy. Our focus is on building a global supply chain from India and exporting indigenously developed capabilities that address both strategic and commercial needs,” said Debendra Pradhan, Co-founder and CEO of Coratia Technologies.
This funding reinforces the belief that deep-tech startups from Tier-2 cities are central to India’s goal of becoming a global technology powerhouse in the next decade.
