Coratia Technologies raises Rs 5 Cr led by Piper Serica Angel Fund

Deep tech startup Coratia Technologies, an indigenous underwater robotics company, has raised Rs 5 crore (around $563,000) in a funding round led by Piper Serica Angel Fund.

Its existing investors include MGF Kavachh and Pontaq Ventures, which jointly invested over Rs 17 crore in July 2025 to support India’s strategic autonomy in underwater and subsea robotics.

The fresh funding follows Coratia’s recent Rs 66 crore contract from the Indian Navy for its indigenously developed Underwater Remotely Operated Vehicle (UWROV) named Jalasimha. The proceeds will be used to strengthen in-house research and development, expand manufacturing capacity, upgrade product lines, and explore international markets, the company said in a press release.

Co-founded by Debendra Pradhan and Biswajit Swain, Coratia Technologies is incubated at NIT Rourkela and develops advanced autonomous underwater vehicles for defence and industrial applications. Its flagship systems include Jalasimha, Jaladuta, Oceanus and Navya.

The Odisha-based startup has executed projects with the Indian Railways and IOCL Paradip. It was also recently invited to Brunei Darussalam, one of Southeast Asia’s largest oil producers, to demonstrate its robotic systems for subsea inspections and maintenance of offshore energy infrastructure.

“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.