Funding raised to boost R&D, expand manufacturing capacity, upgrade product lines, and drive global market outreach
Odisha-based deep-tech startup Coratia Technologies, a pioneer in indigenous underwater robotics, has raised INR 5 crores (approx. USD 563,000) in an investment round from Piper Serica Angel Fund. The freshly raised capital will be deployed to strengthen in-house research and development, enhance manufacturing capacity, upgrade existing product lines, and expand into international markets.
The latest funding round follows Coratia’s continued growth momentum after securing a recent INR 66-crore contract from the Indian Navy for its indigenously developed Underwater Remotely Operated Vehicle (UWROV), Jalasimha. The startup’s flagship systems include Jalasimha, Jaladuta, Oceanus and Navya, designed for dual-use defence and civilian applications.
“We’re proud to back Coratia as it redefines underwater robotics and accelerates India’s rise as a technology powerhouse by 2030. Debendra and Biswajit have built an exceptional technological moat, and the landmark Navy order is powerful proof of Coratia’s potential. The company is poised for rapid growth,” said Ajay Modi, Director of Investments, Piper Serica.
Domestically in India, Coratia Technologies has already executed projects with the Indian Railways, IOCL Paradip, among others. The startup was also recently invited to Brunei Darussalam, the third-largest oil producer in Southeast Asia, to demonstrate its integrated robotic systems capabilities for efficient subsea inspections, analytics and maintenance of critical offshore energy infrastructure.
“This investment goes a long way to support our vision to transform underwater robotics and strengthen India’s position within the global blue economy. We are building a global supply chain from India. Our focus remains on developing and exporting indigenously developed capabilities that serve both strategic and commercial needs across friendly markets,” said Debendra Pradhan, Co-Founder & CEO, Coratia Technologies. “We’re building systems that redefine operational efficiency and reliability under extreme environments at a fraction of the cost globally”, added Biswajit Swain, Co-Founder & CTO, Coratia Technologies.
The company’s existing investor ecosystem already includes leading deep-tech venture funds MGF Kavachh and Pontaq Ventures. Both were early supporters, jointly investing more than INR 17 crores in July 2025 to advance India’s strategic autonomy in underwater and subsea robotics systems.
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