Coratia Technologies Raises ₹18 Crore to Scale Underwater Robotics

Odisha-based deep-tech startup Coratia Technologies has raised ₹18 crore in a bridge funding round led by MGF Kavachh. The company plans to use the capital to execute a ₹66 crore contract with the Indian Navy, accelerate research and development, and expand its underwater robotics manufacturing and deployment capabilities.

The latest round follows an earlier ₹17 crore pre-Series A funding round from MGF Kavachh, Piper and SIDBI. The new capital will support Coratia's efforts to strengthen its technology for defence and critical infrastructure applications.

Founded in 2021 by Debendra Pradhan and Biswajit Swain, Coratia develops indigenous underwater robotic systems designed to operate in challenging underwater environments. Its work combines advanced engineering with technology miniaturisation to support inspection and other operations beneath the water's surface.

Executing a ₹66 crore Indian Navy contract

A key priority for Coratia is executing its ₹66 crore contract with the Indian Navy under the iDEX initiative. The fresh funding is intended to help the company meet this commitment while continuing development of its underwater robotics portfolio.

The contract provides an important deployment opportunity for the company's technology in the defence sector. However, the source does not disclose the contract's delivery schedule, specific equipment quantities or detailed operational requirements.

The capital will also support further research and development, allowing Coratia to work on new products and strengthen its underwater robotics capabilities.

Jalasimha UWROV and indigenous underwater technology

Coratia's flagship product, Jalasimha UWROV, has achieved Technology Readiness Level 9 (TRL-9), according to the company. This represents a key technology milestone for its underwater robotics platform.

The startup develops systems intended for demanding underwater environments, where inspection and operational tasks can require specialised equipment. Its focus on indigenous technology is relevant to applications in defence and critical infrastructure.

Beyond its flagship product, Coratia plans to use the funding to strengthen its technology development and manufacturing capabilities. The company has not disclosed a detailed roadmap for its next products or the commercial launch timelines for new systems.

Serving defence and industrial customers

Coratia's customer and partner network spans defence, energy, transport and heavy industry. The company lists 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 its clients and partners.

Its technology has potential applications beyond defence, including dams and reservoirs, ports, bridges, pipelines, offshore assets, ship infrastructure and subsea communication networks.

These environments can require underwater inspection and monitoring capabilities. Coratia's robotics systems are intended to address requirements across these different settings, although the source does not specify which products have been deployed with each named organisation.

How Coratia plans to use the funding

The ₹18 crore bridge round will support four key priorities:

• Executing the ₹66 crore Indian Navy contract under the iDEX initiative.

• Accelerating research and development of new products.

• Strengthening underwater robotics capabilities.

• Scaling manufacturing and deployment for defence and critical infrastructure applications.

These investments are intended to help the startup move from technology development toward broader manufacturing and deployment.

The bridge round also follows previous backing from MGF Kavachh, which participated in the earlier ₹17 crore pre-Series A round alongside Piper and SIDBI. MGF Kavachh has now led the latest funding round as Coratia prepares for its next stage of execution.

What comes next for Coratia Technologies

Coratia's next milestone will be its ability to execute the Indian Navy contract while expanding its manufacturing and deployment capacity. Successfully delivering on this commitment could provide a foundation for additional opportunities in defence and critical infrastructure.

The company also has room to develop its technology for industrial applications involving underwater assets. Its listed customer and partner network spans several sectors, but the scale of commercial adoption and revenue contribution from individual applications has not been disclosed.

The latest funding gives Coratia additional capital to pursue these objectives. Its progress will depend on contract execution, continued product development and the ability to scale reliable underwater robotics systems for demanding operational environments.