Optimized Electrotech Raises ₹35 Cr To Expand Into Space Imaging

by · Inc42

SUMMARY

  • Optimized Electrotech has raised ₹35 Cr (about $3.7 Mn) in a funding round led by Exfinity Ventures, with participation from Blume Ventures, Mela Ventures and Venture Catalysts Group Angel Fund
  • The startup plans to use the capital to foray into space-based sensing
  • It will deploy the funds for satellite development, expanding its infrastructure and growing its presence in defence and security applications