Oorja Raises $1.5 Million in Pre-Series A Funding
Three points you will get to know in this article:
- Bengaluru’s deep tech startup, Oorja, secures $1.5 million in seed funding from Micelio Fund, Capital-A, Java Capital, Anicut Capital, and Lead Angels, advancing its clean mobility innovation mission.
- Oorja’s cloud platform combines Physics and Machine Learning, empowering global designers and engineers.
- Oorja not only achieves financial success but also demonstrates a commitment to education, ISTEM programs, grants, and NSRCEL incubation.
Oorja is gearing up to make the most of this financial boost, channeling the funds towards enhancing their product and broadening their presence across the European and North American markets.
Oorja, a cutting-edge deep tech startup hailing from Bengaluru, has exciting news to share. They’ve just closed a triumphant seed funding round, managing to secure a substantial $1.5 million. Taking the helm in this noteworthy round is Micelio Fund, a trailblazing venture capital entity in India committed to propelling revolutionary and sustainable innovations in the clean mobility sector. Co-piloting this venture is Capital-A, with notable contributions from esteemed partners such as Java Capital, Anicut Capital, and Lead Angels.
Oorja is set to leverage this financial backing for advancing their product development and extending their presence in both European and North American markets.
Dr. Vineet Dravid, the visionary behind Oorja Energy, expressed, “At the core of Oorja’s mission is addressing intricate engineering challenges during the design phase, delivering a top-notch, globally competitive product proudly crafted in India.” Dravid elaborated on their commitment to enhancing design analysis for the mobility sector, underlining their dedication to innovation.
Investors are confident that Oorja is tackling a vital challenge in the shift towards cleaner mobility. Ankit Kedia, the brain behind Capital-A and a key investor, emphasized their foresight in recognizing Oorja’s capacity to reshape the industry.
Established in 2022, Oorja seamlessly integrates Physics and Machine Learning into predictive modeling. What sets their cloud-based platform apart is its intuitiveness, empowering designers and engineers to craft accurate, trustworthy solutions that guarantee steadfast performance in practical scenarios.
Presently, Oorja is deeply engaged in partnerships with leading automotive Original Equipment Manufacturers (OEMs) and designers, actively contributing to the enhancement of battery pack efficiency. The goal is to expedite time-to-market processes and curtail expenses.
In its inaugural year, Oorja introduced not only its groundbreaking product but also a suite of user-friendly apps designed to tackle diverse challenges in battery design. These encompass concerns related to materials, range, capacity fade, thermal management, and cell design intricacies. As Oorja steadily builds a satisfied clientele spanning Asia and Europe, the company remains at the forefront of transformative advancements in the industry.
Oorja’s involvement in the Indian Science Technology Engineering facilities map (ISTEM) program highlights their dedication to education and technological progress. Through this initiative, students from 800 colleges across India now have the opportunity to utilize their application suite for research purposes.
Moreover, Oorja has successfully obtained grants and is presently nurtured at NSRCEL, the flagship business incubator at IIM Bangalore, specifically within the Mobility Cohort – 2. This reflects their commitment to fostering innovation and growth in the dynamic landscape of technology and business.
Oorja’s recent $1.5 million seed funding marks a pivotal moment in their journey. With Micelio Fund and Capital-A leading the charge, Oorja is poised to revolutionize clean mobility. Driven by a commitment to excellence, Oorja’s fusion of Physics and Machine Learning promises transformative solutions for the automotive industry. As they expand globally, the deep tech startup remains dedicated to innovation, education, and sustainable progress, shaping a future where their impact resonates across continents.
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