Oorja, a pioneer in the deep tech sector, has recently secured a robust $1.5 million in a pre-Series A funding round, spearheaded by Micello Fund. This funding round marked the confluence of various esteemed capital entities including Capital-A, Java Capital, Anicut Capital, and Lead Angels, showcasing the heightened interest and surging investments in deep technology.
Founded in 2022 by tech visionary Vineet Dravid, oorja has been at the forefront of integrating Physics and Machine Learning to devise advanced predictive modelling. The company specializes in providing intuitive battery design solutions to manufacturers in the electric vehicle (EV) sector. Its core competencies lie in offering services related to accurate battery life prediction, pack design optimization, and subsequently, significant savings in cost and time.
Strategic Investments and Collaborations:
Oorja’s association with the Indian Science Technology Engineering Facilities Map (ISTEM) program illustrates its enduring commitment to fostering research and academic pursuits in technology. This association has granted students from over 800 colleges across India unparalleled access to oorja’s innovative application suite, creating a symbiotic relationship between technology and education.
Furthermore, oorja, based in Bengaluru, prides itself on establishing connections with more than 15 customers across Asia and Europe, displaying its global appeal and diverse client base. It exists among notable names in the deep tech landscape, such as CogKnit, Streamoid, Photom, Jumper.ai, and Cognitifai, each contributing uniquely to the evolving tapestry of technological innovation.
Last year, the company gained a strategic investment from Capital A, via its distinguished $10 million cleantech fund, Evolve, emphasizing oorja’s significant potential and positioning within the technological ecosystem.
Funds Allocation and Market Expansion:
With the infusion of fresh capital, oorja plans to meticulously refine its products and strategically penetrate the European and North American markets. The focus remains on enhancing the core product while expanding its outreach to various geographical locales. The amalgamation of innovative solutions and unique service offerings is expected to strengthen oorja’s foothold in the competitive international arena of deep tech.
Educational Impact and Recognition:
Oorja’s endeavors are well-recognized, and the receipt of the SISFS grant underlines its substantive contributions to the field of deep technology. The collaboration with ISTEM is a crucial step towards democratizing access to advanced technological tools and solutions, helping shape the future trajectories of myriad students immersed in the realms of research and education.
Sustainable Solutions for the Future:
The company’s emphasis on optimizing electric vehicle battery solutions aligns seamlessly with the rising global emphasis on sustainability and eco-consciousness. The initiatives aimed at the enhancement of battery life and design optimization are pivotal in the ongoing dialogue surrounding ecological balance and environmentally friendly mobility solutions.
