PE-VC Fund Investments
Underwater robots developer AquaAirX raises Rs.12.5 Cr led by Rainmatter
Bengaluru-based deep-tech startup AquaAirX has raised INR 12.5 crore in a seed funding round, led by Rainmatter, the investment arm of stockbroking firm Zerodha. Prime Venture Partners, Wyser, and India Accelerator also participated in the funding round.Founded in 2024 by Jitendra Kumar Purnmal Saini and Gouthami T S, AquaAirX develops autonomous amphibious and underwater robotic systems for defense and high-value commercial applications. This includes amphibious drones capable of transitions between aerial flight and submerged operations and a proprietary Hovering Autonomous Underwater Vehicle (HAUV) platform for precise underwater inspection, monitoring, and intervention.The company will use the proceeds to strengthen its core technology, focusing on system autonomy, air-to-water transition reliability, sensing and communication capabilities, and to expand its engineering and research teams across robotics, autonomy, controls, and embedded systems.The startup also plans to deepen collaborations with Indian and international defence partners, scale up large-scale trials, and prepare for manufacturing, aiming to enter defence and commercial markets by 2027.
In Aug 2024, AquaAirX had attracted about USD 0.5 M from Wyser.
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