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oorja, a Bengaluru-based deep tech startup that uses a combination of Physics and ML to perform predictive modeling has secured $1.5 million in pre-series A round funding led by Micelio Fund and Capital-A with participation from Java Capital, Anicut Capital, and Lead Angels.
The startup plans to use the raised funds for product development and business expansion in Europe and the North American region.
Speaking on the fundraising, Dr. Vineet Dravid, Founder Of oorja said, “Physics-based tools that are currently used are complex, difficult to deploy, and slow down time to market. 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. Our Hybrid approach uses a combination of physics + ML to improve accuracy and speed up time to market.”
“We are grateful to our investors for reposing their faith in our capabilities and empowering us in our journey towards making oorja the go-to design analysis tool in the new age mobility industry,” Vineet added.
Commenting on the investment round, Alok Chauhan, Principal, of Micelio Technology Fund said, “We are very excited to partner with oorja. They are solving a crucial global problem to ensure the transition to clean mobility is safe and efficient. Engineering design is getting complex and time-consuming leading to long release cycles and need user-friendly, time-efficient tools to assist new technology development and launch products faster.”
While, Ankit Kedia, Founder, and Lead Investor at Capital-A said, “From the very beginning, Capital-A recognized the immense potential of oorja’s groundbreaking approach to predictive modeling. We were the first believers in their vision and their unique fusion of Physics and ML to revolutionize the clean mobility landscape. Our deep expertise in the EV and Mobility sectors enabled us to collaborate closely with oorja, contributing to the development of a powerful thesis in this domain.”
“In a world where regulatory environments around EVs are rapidly evolving, simulation emerges as the future path. oorja’s cloud-based platform aligns perfectly with this trajectory. We are happy to play a crucial role in supporting their journey to become the go-to design analysis tool in the new age mobility industry,’’ Ankit Kedia, further added.
oorja is part of the Indian Science Technology Engineering Facilities Map ( ISTEM) program which operates under the aegis of the Office of the Principal Scientific Advisor to the Government of India.
The startup has also received the SISFS grant via Pandit Deendayal Energy University (PDEU), Gandhinagar, and is currently incubated in NSRCEL, the flagship business incubator of IIM Bangalore, under Mobility Cohort – 2.