New Delhi, Sept 27 (FN Agency) Bengaluru-based deep tech startup oorja on Wednesday announced that it has raised $1.5 million in seed funding. The funding round was led by Micelio Fund while other participants were Capital-A. Java Capital, Anicut Capital and Lead Angels. “oorja will utilise the funds to build their product and make inroads into Europe and North American markets,” the firm said in a statement. oorja is a deep tech startup that was launched in 2022. It uses a combination of Physics and Machine Learning (ML) to perform predictive modelling.
“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,” said Vineet Dravid, Founder, oorja energy. Alok Chauhan, Principal, Micelio Technology Fund said that oorja is 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. Vineet and team have the most relevant background and have built an impactful solution that has the potential to be a global category-leader in the space,” he said.