CeraTattva InnoTech is a space tech startup under the Indian Institute of Technology Madras that raised Rs 1.3 crore in the seed funding round. Campus Angel Network and Forge Innovation & Ventures co-led this round. The startup plans to use these fresh proceeds to scale its operations, expand the market, open a pilot production facility, and deploy ceramic and pre-ceramic polymer products. We are disscusing about IIT Madras startup CeraTattva Innotech secured Rs 1.3 crore in its seed funding round, co-led by Forge Innovation & Ventures and Campus Angels Network.
We are disscusing about IIT Madras startup CeraTattva Innotech secured Rs 1.3 crore in its seed funding round, co-led by Forge Innovation & Ventures and Campus Angels Network:
The startup manufactures specialty chemicals for defense, automobile, and space-related applications. The CEO of CeraTattva Innotech, Dr. Ganesh Babu, mentioned that this investment will enable the firm to enhance its production capabilities and develop more innovative solutions and advanced technologies for various sectors. The CEO of the campus angel network, Chandran Krishnan, told Business Line that the startup’s material science advancements and mission align with the investment philosophy of Angels Network to support deep-tech and high-market potential companies. The Forge Innovation & ventures mentioned that the startup’s transformation of polymers into ceramics is a breakthrough in materials science for high-temperature applications in aerospace and defense applications.
The company collaborated with global and Indian Academia and industry to offer immense value to the brands and customer outreach portfolio. The firm uses advanced technologies and project management services to provide the best user experience and satisfaction. This startup aims to remove the gap between academia and industry while augmenting research quality and improving product portfolio. The company offers a multi-functional platform to provide various ceramic-based solutions to its clients. This space tech startup aims to develop precise engineered bioinert ceramics and enter the energy storage sector in the next few years.
This startup was first started as a lab-scale experiment; however, it has quickly evolved into a critical player in the Indian space tech ecosystem. The founders of CeraTattva showed their gratitude to the Indian Institute of Technology for providing various opportunities and resources, including the labs and mentorship. This investment will help the startup grow and incorporate its technology to aim for market expansion. The startup competes with other space tech and defense startups. The company is currently focused on offering cost-effective fiber-spinning devices while expanding its product portfolio.
Conclusion
CeraTattva Innotech is a space tech startup under the Indian Institute of Technology Madras. The startup secured Rs 1.3 crore in its seed funding round led by Campus Angel Networks and Forge Innovation & ventures. The company intends to use this fresh capital to scale its operations, enhance its platform, open a pilot production unit, and deploy pre-ceramic and ceramic polymer products.
This strategic investment raised by the multi-functional platform will bring favorable market shifts in the space tech startup, leading to growth with a significant change in the global market. The firm aims to remove the gap between academia and industry while augmenting research quality and improving its product portfolio. The company plans to enter energy storage in the next few years.
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