Chennai, India –
July 12, 2024 : CeraTattva InnoTech Private Limited, an innovator
in pre-ceramic precursors/polymers and ceramic products, incubated at IIT Madras
Incubation Cell and accelerated by Forge Innovation & Ventures, delivers advanced
high temperature material solutions for space, defense, energy and automotive
sectors, proudly announces the successful closing of a funding round
totaling ₹1.31 Crores.
The funding
round was co-led by Campus Angels
Network, an angel network dedicated to supporting deep tech startups incubated
at university campuses across India, and Forge Innovation & Ventures -
leading vertically integrated enterprise driving national scale Industrial
transformation through open innovation, startup accelerator, and tech
ventures programs for government and corporate sectors focused on seeding,
accelerating, and scaling hardware tech innovations and startups.
Leadership
Insights
Dr. Ganesh Babu, Founder & CEO, CeraTattva: "This funding will significantly
enhance our production capabilities for scaling up and deploying our
groundbreaking material solutions across key industries, steering us towards a
future driven by innovation and advanced technologies.
Chandran Krishnan, Managing Director & CEO, Campus Angels Network: “CeraTattva’s
dedication to material science advancements aligns seamlessly with our
investment philosophy of supporting deep tech companies with high market
potential. We are excited to back their vision and believe their innovative
polymer-to-ceramic technology will set new standards in aerospace and defense,
driving significant industrial transformation.”
Vish
Sahasranamam, Co-Founder & CEO, Forge Innovation & Ventures: “CeraTattva’s
transformation of polymers into ceramics represents a breakthrough in materials
science, especially for high-temperature applications in aerospace and defense.
Their advanced ceramic products offer superior thermal stability, creep
resistance, and oxidation resistance, resulting in lower processing
temperatures and cost savings. This investment aligns with our mission to seed,
accelerate and scale hardware technologies & innovations to drive national
scale industrial transformation.
Strategic
Investment
The funds will
support the establishment of a pilot production facility, product upgrades,
market expansion and building a robust team to accelerate CeraTattva’s vision
to become the new-age materials tech startup and manufacturer.