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 will play a crucial role in strengthening the company’s technology, growing its teams, and supporting defence-grade testing, certification, and pilot deployments.
AquaAirX is a cutting-edge technology company that is working on developing innovative solutions for both aerial and underwater applications. The company’s products have the potential to revolutionize various industries, including defence, surveillance, and environmental monitoring. With this funding, AquaAirX will be able to accelerate its product development and testing, bringing its solutions closer to market readiness.
The funding round was led by Rainmatter, the investment arm of Zerodha, one of India’s largest discount brokerage firms. Rainmatter has been actively investing in startups that are working on innovative technologies, and AquaAirX is its latest bet. The participation of Prime Venture Partners, Wyser, and India Accelerator in the funding round is also a testament to the potential of AquaAirX’s technology and the company’s growth prospects.
The funds raised will be utilized by AquaAirX to strengthen its technology and grow its teams. The company plans to use the investment to enhance its research and development capabilities, hire new talent, and expand its operations. Additionally, the funding will support defence-grade testing, certification, and pilot deployments, which are critical steps in the development of AquaAirX’s products.
AquaAirX is aiming to enter the market with its products in 2027, and the funding will play a crucial role in helping the company achieve this goal. The company’s products have the potential to disrupt various industries, and the market is eagerly waiting to see the impact of its innovative solutions.
The startup’s amphibious drones and autonomous underwater vehicles have a wide range of applications, including defence, surveillance, environmental monitoring, and inspection of underwater infrastructure. These products can be used to monitor ocean health, track marine life, and detect underwater threats, among other things.
The funding of AquaAirX is also a positive sign for the Indian startup ecosystem, which has been witnessing significant growth in recent years. The investment in AquaAirX demonstrates the confidence of investors in the potential of Indian startups to develop innovative technologies and solutions.
In conclusion, the seed funding raised by AquaAirX is a significant milestone for the company, and it will play a crucial role in helping the company achieve its growth plans. With the support of its investors, AquaAirX is well-positioned to disrupt various industries with its innovative solutions and make a significant impact in the market.
About the Funding
The seed funding round was led by Zerodha’s Rainmatter, with Prime Venture Partners, Wyser, and India Accelerator also participating. The funding will be utilized by AquaAirX to strengthen its technology, grow its teams, and support defence-grade testing, certification, and pilot deployments.
About AquaAirX
AquaAirX is a startup that specializes in building amphibious drones and autonomous underwater vehicles. The company’s products have a wide range of applications, including defence, surveillance, environmental monitoring, and inspection of underwater infrastructure.
About the Investors
Zerodha’s Rainmatter is the investment arm of Zerodha, one of India’s largest discount brokerage firms. Prime Venture Partners, Wyser, and India Accelerator are also prominent investors in the Indian startup ecosystem.
News Source
https://startuptalky.com/news/aquaairx-raises-seed-funding-zerodha-rainmatter/
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