AquaAirX raises ₹12.5 cr seed funding led by Zerodha’s Rainmatter
In a significant development, AquaAirX, a startup that specializes in building amphibious drones and autonomous underwater vehicles, has raised ₹12.5 crore in seed funding. The funding round was led by Zerodha’s Rainmatter, with Prime Venture Partners, Wyser, and India Accelerator also participating. This investment is a testament to the potential of AquaAirX’s innovative technology and its potential to disrupt the defence and aerospace industries.
AquaAirX’s products are designed to operate in both air and water, making them ideal for a wide range of applications, including surveillance, inspection, and exploration. The company’s autonomous underwater vehicles, in particular, have the potential to revolutionize the way we explore and monitor the world’s oceans. With the ability to operate at depths of up to 100 meters, these vehicles can collect data and conduct inspections in areas that were previously inaccessible.
The funding raised by AquaAirX will be used to strengthen its technology, grow its teams, and support defence-grade testing, certification, and pilot deployments. The company plans to use the funds to enhance its product development capabilities, hire new talent, and establish partnerships with key industry players. This will enable AquaAirX to accelerate its product development and bring its innovative solutions to market ahead of its planned 2027 launch.
The participation of Zerodha’s Rainmatter in the funding round is significant, as it marks the company’s entry into the defence and aerospace sector. Rainmatter is the investment arm of Zerodha, one of India’s leading fintech companies, and has previously invested in a range of startups across various sectors. The company’s investment in AquaAirX is a testament to the potential of the startup’s technology and its potential to create a new category in the defence and aerospace industry.
Prime Venture Partners, Wyser, and India Accelerator, the other participants in the funding round, also bring significant experience and expertise to the table. Prime Venture Partners is a leading venture capital firm that has invested in a range of startups across various sectors, while Wyser is a boutique investment firm that focuses on early-stage investments. India Accelerator, on the other hand, is a startup accelerator that provides funding, mentorship, and support to early-stage startups.
The funding raised by AquaAirX is a significant development for the Indian startup ecosystem, as it highlights the growing interest in defence and aerospace technologies. The Indian government has been actively promoting the development of indigenous defence technologies, and the funding raised by AquaAirX is a testament to the potential of Indian startups to create innovative solutions in this sector.
In conclusion, the seed funding raised by AquaAirX is a significant milestone for the company, and marks an important step in its journey to create innovative solutions for the defence and aerospace industries. With the support of its investors, AquaAirX is well-placed to accelerate its product development, grow its teams, and establish itself as a leader in the defence and aerospace sector.
About AquaAirX
AquaAirX is a startup that specializes in building amphibious drones and autonomous underwater vehicles. The company’s products are designed to operate in both air and water, making them ideal for a wide range of applications, including surveillance, inspection, and exploration. With its innovative technology and experienced team, AquaAirX is poised to create a new category in the defence and aerospace industry.
About the Investors
Zerodha’s Rainmatter is the investment arm of Zerodha, one of India’s leading fintech companies. Rainmatter has previously invested in a range of startups across various sectors, and its investment in AquaAirX marks its entry into the defence and aerospace sector.
Prime Venture Partners is a leading venture capital firm that has invested in a range of startups across various sectors. The firm has a strong track record of investing in early-stage startups and has helped several companies scale and grow.
Wyser is a boutique investment firm that focuses on early-stage investments. The firm has invested in a range of startups across various sectors and has a strong track record of identifying and supporting innovative companies.
India Accelerator is a startup accelerator that provides funding, mentorship, and support to early-stage startups. The accelerator has a strong track record of supporting startups and has helped several companies scale and grow.
News Source: https://startuptalky.com/news/aquaairx-raises-seed-funding-zerodha-rainmatter/
About the Author
