SeaFund, a Bangalore, India-based investment firm, invested Rs 5 crore across five DeepTech startups.
The backed startups are Redwings, Docker Vision, Swapp Design, Simatricals and Evhicle.
- RedWings, which designs, develops and deploys fully autonomous drones to transform logistics supply chains and is at the forefront of commercialising these services in India.
- Docker Vision, which uses Computer Imaging and AI to accelerate mobility of shipping containers at ports and assess the conditions in realtime.
- Swapp Design, which has designed an interoperable and modular architecture for fast battery swapping using Autonomous Robots.
- Simatricals, which makes autonomous EV wireless charging solutions that provides high-speed charging through auto alignment that is suitable for different vehicles classes.
- Evhicle, which produces Vehicle Control Units (VCUs) that provides intelligence to EVs to optimise vehicle dynamics, telemetry, payload monitoring and over the air updates.
In addition to the monetary investment, the companies will also benefit from market access and acceleration programs over the next few months.
FinSMEs
21/11/2023