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Coratia Technologies raises Rs 18 Cr in bridge round led by MGF Kavachh

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Coratia Technologies raises Rs 18 Cr in bridge round led by MGF Kavachh

Coratia Technologies, a deep-tech company developing advanced underwater robotic systems, has raised Rs 18 crore in a bridge round led by MGF Kavachh.

The Odisha-based startup had earlier raised Rs 17 crore from MGF Kavachh, Piper and SIDBI in a pre-Series A round.

The fresh funds will be used to execute its Rs 66 crore contract with the Indian Navy under the iDEX initiative, accelerate R&D on new products, strengthen its underwater robotics capabilities and scale manufacturing and deployment for defence and critical infrastructure applications, the company said in a press release.

Co-founded in 2021 by Debendra Pradhan and Biswajit Swain, Coratia develops indigenous underwater robotic systems that combine advanced engineering and technology miniaturisation to operate in challenging underwater environments. Its flagship product, Jalasimha UWROV, has achieved Technology Readiness Level 9 (TRL-9), providing a foundation for further product development and deployment.

Coratia's clients and partners include the Indian Navy, Indian Oil, Indian Railways, Tata Steel, Hindalco Industries, Steel Authority of India (SAIL), Neelachal Ispat Nigam Limited, Jindal Steel and Power, and NIT Rourkela, among others.

Beyond defence, Coratia's technology has applications across dams and reservoirs, ports, bridges, pipelines, offshore assets, ship infrastructure and subsea communication networks.



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