SpaceTech startup developing expandable space habitats and dual use defence-space technologies. This round will go towards developing an expandable space habitat for use in orbital logistics, in-space experiments and space habitation. $1.2M pre-seed round. Other investors in the round: LVX, 1Crowd, and Riceberg Ventures. Founders: Siddharth (CEO) has a PhD in Wind Engineering; Manjesh (COO) was a global supply manager at Lucid Motors in California; Manoj (CBO) is an engineer from AYRO Inc., Cruise and Volvo. Manjesh and Manoj continue to hold other full time roles, it appears. Founded in May 2024.

Manufacturer of battery management systems (BMS) and battery energy storage systems (BESS) for EVs and energy storage. BMS' have been traditionally reliant on foreign components and the goal is to build an indigenous system. $2.3M seed round. Supported by T-Works, T-Hub and their AIC program. Founders: CEO Satish, ex-Microsoft and Roche, was the founder of Pascalcase (tools on top of Microsoft's Dynamics 365 ERP); CTO Sonu is also ex-Bosch; CMO Varshith is a former engineer from QuillBot. Founded in Apr 2024.

SpaceTech startup building satellite constellations to deliver accurate, secure, and sovereign Positioning, Navigation, and Timing (PNT) services from Low Earth Orbit, as an alternative to GPS. The company is developing spoofing-proof and jamming-resistant signals, issues faced by existing systems using GPS or GLONASS (the Russian equivalent of GPS). ₹14CR pre-seed round. Founders: CEO Lokesh, CBO Vibhor and CTO Anurag are all IIT Madras and worked together on Avishkar Hyperloop - a 422m long test bed vacuum tube developed by the students of IIT Madras, along with ArcelorMittal, L&T, the Indian Railways and Hindalco. Founded in Jun 2023 as AeroDome Technologies, before renaming to VyomIC in Aug 2025.

Devices to help factories save energy and cut emissions. The company's 'steam expander' devices capture the steam traditionally lost by pressure releasing valves (PRVs) attached to industrial boilers. India has over 45,000 industrial boilers that generate over 1.2 billion tons of steam annually across virtually every industry. The steam power lost by PRVs (which regulate steam input to safe levels but result in losing much of that excess steam) per year amounts to energy losses of over ₹66,000CR. Devices see a payback of 6-12 months and reduce 180 tons of CO2 per location per year. $1M pre-seed round. Founders: Balachandran is a Doctoral Researcher from IIT Madras (eight years), Vipin is a project scientist at IIT Madras and was a design engineer at Forbes Marshall, Satyanarayanan is a professor and the Head of the Energy Centre and Energy Consortium at IIT Madras. Founded in Aug 2022.

Cultivated meat brand, replicating the taste and texture of conventional meat with 400 consumer trials so far. Cultivated meat is integrated with food-safe ingredients to improve affordability and scalability vs. a pure cell grown process. The plan is to distribute directly to consumers as well as manufacturers, retailers and restaurants. Future avenues include cultivated seafood and petfood. ₹2CR pre-seed round. Founders: Kamalnayan (Institute of Chemical Technology, '23) worked briefly at Abryl Laboratories (manufacturer of liquid vials) and has been President of nonprofit The Mumbai Smart Protein Project. Founded in Jul 2023. Comps are global: GOOD Meat, Upside Foods.

BioTech startup developing non-microplastic sustainable biopolymers, as an alternative to specialty polymers and ingredients. Agricultural waste is converted into biopolymers for use across home care, beauty, nutraceutical and pharma products. This round is towards setting up pilot production facilities and establishing a GTM. ₹18CR (~$2M) seed round. Founders: Shruti (Fergusson College '15) was a research associate in molecular biology for 5 years at NTU Singapore; Pranav (Fergusson College '17) has been researching biopolymers at CSIR-National Chemical Laboratory (CSIR-NCL) in Pune since 2018. Founded in Feb 2024.

Sustainable packaging for fresh produce. The packaging is in the form of plant-based films, that extend shelf life of fruits and vegetables by up to 3x. It is both biodegradable and compostable, with R&D as well as production in Visakhapatnam. Naturally (pun intended), this is a B2B business, working with farmers, exporters and retailers. It has two products, for bulk shipments and for retail. Building both sales and compliance functions in the US and India. Current revenue scale not provided. $1M seed round. Founders Taraka and Venkata built out SBioTech, an aquaculture startup that specializes in probiotics for fish, for seven years. That overlapped with them building MicGene Lab, a state of the art research laboratory in Visakhapatnam. Founded in Aug 2020.

Defence-tech company building quantum-encrypted laser communications and directed energy weapon (DEW) systems. With five years of R&D and field deployments, its communication system aims to send infrared laser beams using a constellation of satellites, enabling ultra-fast and secure data links; while its DEW system is developing weapons for use in anti-drone, anti-UAV and anti-satellite defence. The communication system will require a network of satellites to function across Low Earth Orbit (LEO), Medium Earth Orbit (MEO) along with geostationary satellites (GEO). $3M seed round.

IoT startup with a RF-mesh communication stack for use in smart meters (for use across water, gas and electricity utilities) and smart-city projects (for example, street lighting). An RF-mesh communication stack is the architecture that enables wireless communication between multiple devices on a local area network using radio frequency signals. RF-mesh systems have lower downtime and maintenance costs versus telecom-based systems. The Indian government has a Smart Meter National Programme in place to replace 250M conventional meters with smart meters. $2M seed round. Founders: Amarjeet was the Founder & CEO of Shrama Technologies (consulting firm for IoT rollouts); Vikas was with Secure Meters for close to twenty years (large scale Indian manufacturer of metering systems). Founded in Apr 2022.

Agentic AI to make off-road vehicles autonomous. Called NeuralPilot, AI agents combine data from cameras, LiDAR, and GPS sensors to equip off-road vehicles with navigation, mission planning and real time monitoring. Works with Neuralbox, its hardware device which can be retrofitted on to any vehicle. $2.4M pre-seed round. Other investors in the round: Saka Ventures, Appreciate Capital, Astir Ventures, IIMA Ventures, SIDBI, Heston Castelino. Founders Mohan and Aditya were respectively Co-Founder & CTO and Head of Robotics and AI Engineering at Flo Mobility (robots for moving materials at construction sites, warehouses and mining operations). Founded in Dec 2023.