Oorja Raises $1.5 million in Pre-Series A funding
Bengaluru-based deep tech startup, Oorja, which leverages a blend of Physics and ML for predictive modelling, announced a successful seed funding round securing $1.5 million. Leading this round was Micelio Fund, India’s pioneering venture capital fund dedicated to driving radical and sustainable innovation in the clean mobility sector, and co-led by Capital-A. Other key participants included Java Capital, Anicut Capital, and Lead Angels. Oorja plans to utilise this funding to further develop their products and expand their reach into European and North American markets. Dr Vineet Dravid, the founder of Oorja energy, said, “Our motivation behind Oorja has been to solve complex engineering problems at the design stage with a cutting-edge world-class product made in India.” He also explained how they’re working on this to improve design analysis for the mobility industry. The investors believe Oorja is solving a crucial problem in the transition to clean mobility. Ankit Kedia, founder and lead investor at Capital-A, highlighted their early recognition of Oorja’s potential to transform the landscape. Founded in 2022, Oorja employs both Physics and ML for predictive modelling. Their cloud-based platform stands out as user-friendly and enables designers and engineers to create precise, dependable solutions, ensuring reliable performance under real-world conditions. Currently, Oorja is actively collaborating with automotive Original Equipment Manufacturers (OEMs) and designers to aid in optimising battery packs, aiming to streamline time-to-market and reduce costs. In the first year, Oorja launched its product and a range of apps addressing various battery design challenges. These include material, range, capacity fade, thermal management, and cell design. With a burgeoning clientele across Asia and Europe, Oorja continues to make significant strides in the industry. Oorja’s participation in the Indian Science Technology Engineering facilities map (ISTEM) program showcases their commitment to education and technological advancement, with students across 800 Indian colleges gaining access to their application suite for research. Additionally, Oorja has secured grants and is currently incubated at NSRCEL, IIM Bangalore’s flagship business incubator, under Mobility Cohort – 2.
Oorja plans to utilise this funding to further develop their product and expand their reach into European and North American markets.
Oorja plans to utilise this funding to further develop their product and expand their reach into European and North American markets.
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["API", "AI", "innovation", "ML", "venture capital", "RAG", "Aim", "R", "Java", "startup"]
["AI", "ML", "Aim", "RAG", "R", "Java", "API", "innovation", "startup", "venture capital"]
K L Krithika is a tech journalist at AIM. Apart from writing tech news, she enjoys reading sci-fi and pondering the impossible technologies, trying not to confuse it with reality.