AWE Funds and Unicorn India Ventures co-invested in the pre-Series A funding round for the marine robotics startup EyeROV, raising a total of Rs 13 crore ($1.44 million).
The money raised will be utilized to boost new product development, speed up research and development, and increase the company’s visibility in both Indian and foreign markets.
Founded in 2017, EyeROV is a marine robotics and underwater inspection company that develops unmanned surface vessels (USVs) and remotely operated vehicles (ROVs) for use in defense, energy, and infrastructure.
According to the company, it has completed more than 150 projects for more than 80 clients in the government, shipping, ports, oil and gas, and power industries.
In addition to government and defense agencies like the Indian Navy, DRDO, and the Indian Coast Guard, EyeROV’s clientele also includes companies like Tata Power, NHPC, Adani, ONGC, BPCL, and Maersk. The Indian Navy recently awarded the startup an order worth Rs 47 crore.
EyeROV incorporates non-destructive testing (NDT) payloads into its robotic systems, including AI-based inspection tools, sonar imaging, and ultrasonic testing. It provides both product sales and robotics-as-a-service (RaaS) models, catering to industries such as power, oil and gas, ports, infrastructure, marine research, and defense.
