oorja, a deep technology startup, has announced that it has raised $1.5 million in seed funding. Reportedly, the funding round was led by Micelio Fund, a venture capital fund in India.
According to an official release, Java Capital, Anicut Capital and Lead Angels also participated in the funding round. From what it’s understood, oorja will utilise the funds to build their product and make inroads into Europe and North American markets.
“We are looking forward to partnering with oorja. I believe they are solving a problem to ensure the transition to clean mobility is safe and efficient. Engineering design is considered to be 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 background and have built a solution that has the potential to be a global category-leader in the space,” Alok Chauhan, principal, Micelio Technology Fund, said.
