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    Greenjoules raises ₹150 crore in a Series B round co-led by Amazon Smbhav Venture Fund and Climate Pledge Fund, with Rainmatter and Singularity Strategic Autonomy Fund participating, and secures a separate ₹100 crore loan from the Technology Development Board. London-based fintech startup Seva Money announced a $5 million seed funding round co-led by Blockwall and Revent, with participation from Seedcamp. altM raises $10.3 million in a Series A round led by Rainmatter by Zerodha and Mela Ventures, with Omnivore, Theia Ventures, Aureolis Ventures, Spectrum Impact and strategic angel investors participating. Venomics AI raises $2.7 million in a pre-seed round co-led by Speciale Invest and South Park Commons, with Operators Studio participating. EloElo Group raises $80 million in a Series C round led by Hornbill Capital and NBCUniversal, with MIT Investment Co. and existing investors participating. Peppermint Robotics raises ₹100 crore (approximately $10.5 million) in a Pre-Series B round led by pi Ventures and Crane Venture Partners, with Asiana Fund participating. O-Health raises an undisclosed amount of funding from Sangita Reddy, BugleRock Capital, Perpetual Capital, Ankit Nagori and Varun Dua. Traversal raises $120 million in a Series B round at a $1 billion valuation, led by Kleiner Perkins, Redpoint and Khosla Ventures, with Sequoia Capital, Battery Ventures and Amex Ventures participating. GIVA raises over $100 million in a round led by Multiples Alternate Asset Management. The Croffle Guys raises ₹14 crore in a round led by V3 Ventures, with N.A.N Partners participating. Greenjoules raises ₹150 crore in a Series B round co-led by Amazon Smbhav Venture Fund and Climate Pledge Fund, with Rainmatter and Singularity Strategic Autonomy Fund participating, and secures a separate ₹100 crore loan from the Technology Development Board. London-based fintech startup Seva Money announced a $5 million seed funding round co-led by Blockwall and Revent, with participation from Seedcamp. altM raises $10.3 million in a Series A round led by Rainmatter by Zerodha and Mela Ventures, with Omnivore, Theia Ventures, Aureolis Ventures, Spectrum Impact and strategic angel investors participating. Venomics AI raises $2.7 million in a pre-seed round co-led by Speciale Invest and South Park Commons, with Operators Studio participating. EloElo Group raises $80 million in a Series C round led by Hornbill Capital and NBCUniversal, with MIT Investment Co. and existing investors participating. Peppermint Robotics raises ₹100 crore (approximately $10.5 million) in a Pre-Series B round led by pi Ventures and Crane Venture Partners, with Asiana Fund participating. O-Health raises an undisclosed amount of funding from Sangita Reddy, BugleRock Capital, Perpetual Capital, Ankit Nagori and Varun Dua. Traversal raises $120 million in a Series B round at a $1 billion valuation, led by Kleiner Perkins, Redpoint and Khosla Ventures, with Sequoia Capital, Battery Ventures and Amex Ventures participating. GIVA raises over $100 million in a round led by Multiples Alternate Asset Management. The Croffle Guys raises ₹14 crore in a round led by V3 Ventures, with N.A.N Partners participating.
  • ideaForge Technology Gets ₹151 Crore TDB Support for YETI Heavy-Lift UAV

    ideaForge Technology Gets Rs 151 crore TDB Support

    New Delhi: The Technology Development Board (TDB), Department of Science & Technology (DST), Government of India, has signed an agreement with ideaForge Technology Limited, Mumbai, Maharashtra, for ₹151 crore in financial support under the Research Development and Innovation (RDI) Fund to develop YETI, a heavy-lift, long-range autonomous aerial logistics vehicle.

    The project, with a total cost of ₹302 crore, aims to advance YETI from Technology Readiness Level (TRL)-4 to TRL-9. The financial support will be provided through debt financing.

    The agreement between TDB and ideaForge Technology is aimed at strengthening India’s capabilities in autonomous aerial systems and next-generation logistics.

    The YETI platform is being developed as an indigenous vertical take-off and landing, fixed-wing hybrid unmanned aerial vehicle (VTOL-FW UAV) designed to transport heavy payloads over long distances.

    ideaForge Technology Developing YETI Heavy-Lift Autonomous Aerial Platform

    YETI is designed to address logistics requirements in areas where conventional transportation can be difficult, time-consuming or operationally constrained.

    The platform is designed to carry payloads of up to 200 kg, with a targeted range of up to 200 km and an operating altitude of up to 6,500 metres above mean sea level.

    According to the project details, ideaForge Technology is developing YETI with a weather-resistant design intended to support operations in challenging environments, including high-altitude regions, deserts and marine conditions.

    A key feature of YETI is its ability to take off and land vertically while retaining a fixed-wing configuration for longer-range operations.

    The vehicle is designed to operate from relatively small, unprepared landing areas measuring approximately 15 metres × 15 metres, enabling deployment in locations with limited ground infrastructure.

    The platform incorporates distributed and redundant propulsion and power architecture to improve fault tolerance.

    YETI’s proposed capabilities also include GNSS-denied navigation, a communication link of up to 200 km, swarm operations and containerised transportation for rapid deployment.

    The design is intended to enable the vehicle to be transported and set up quickly, supporting logistics missions across geographically challenging locations.

    YETI Designed for 200 Kg Payload and 200 Km Range

    The development of heavy-lift autonomous aerial platforms has growing relevance for applications requiring the movement of essential supplies across difficult terrain.

    By combining vertical take-off and landing capability with long-range flight and substantial payload capacity, YETI is being developed to address a distinct segment of the unmanned aviation and aerial logistics market.

    The ideaForge Technology-led programme supported through the RDI Fund will facilitate further technology development, engineering, integration, testing and validation required to progress the platform towards TRL-9, subject to applicable technical, safety and regulatory requirements.

    The project falls under the Deep Technology sector, with Intelligent Systems and Robotics as the sub-sector.

    It reflects the growing importance of indigenous autonomous systems integrating aerospace engineering, propulsion, navigation, communications and intelligent control.

    Rajesh Kumar Pathak, Secretary, TDB, said, “The development of advanced autonomous systems is opening new possibilities for addressing complex operational and logistical challenges.

    Indigenous heavy-lift aerial platforms can play an important role in improving access to remote and difficult-to-reach locations.

    Through the RDI Fund, TDB is supporting technology-intensive projects that require sustained investment to progress from advanced development towards deployment.

    The agreement with ideaForge reflects our commitment to strengthening India’s capabilities in autonomous systems, robotics and next-generation aerospace technologies.”

    Speaking on the development, Ankit Mehta, CEO and Co-founder of ideaForge Technology Ltd., said, “YETI represents a generational leap in what India can design, build, and operate autonomously.

    Our armed forces and our logistics networks face the daily reality of reaching where roads end, and weather doesn’t cooperate.

    YETI is our answer to that challenge, which is engineered not just to fly, but to deliver, reliably and repeatably, in the conditions that define the toughest operational environments.

    The government’s confidence in ideaForge through the RDI framework is a reaffirmation that Indian deeptech players are now ready to carry the weight of national capability-building.”

    The ₹151 crore support from TDB under the RDI Fund will support ideaForge Technology in advancing YETI through further development, engineering, integration, testing and validation as the platform progresses from TRL-4 towards TRL-9.

    Also Read: Genrobotics Secures ISRO’s U R Rao Satellite Centre Project for Satellite Boom Arm System

    Author

    • Salil Urunkar

      Salil Urunkar is a senior journalist and the editorial mind behind Sahyadri Startups. With years of experience covering Pune’s entrepreneurial rise, he’s passionate about telling the real stories of founders, disruptors, and game-changers.

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