Indian Navy Awards ₹47 Crore Contract to EyeROV for Underwater Drones
The Indian Navy has awarded a ₹47 crore contract to Kochi-based marine robotics startup EyeROV for advanced Underwater Remotely Operated Vehicles (UWROVs). EyeROV's indigenously developed underwater drones, capable of operating at depths over 400 metres, will enhance the Navy's underwater surveillance and reconnaissance capabilities. The startup has completed over 100 deployments globally and counts DRDO, Indian Coast Guard, and CSIR among its clients. EyeROV, recognized as one of India's top defense-tech startups, has raised $1.2 million in funding and aligns with India's 'Make in India' initiative for defense self-reliance.
*this image is generated using AI for illustrative purposes only.
In a significant boost to India's defense technology sector, the Indian Navy has awarded a ₹47 crore contract to Kochi-based marine robotics startup EyeROV for the supply of advanced Underwater Remotely Operated Vehicles (UWROVs). This deal marks a major milestone in the country's push for indigenous defense technology and maritime security capabilities.
Cutting-Edge Underwater Technology
EyeROV's indigenously developed underwater drones have demonstrated impressive capabilities, having been tested at depths exceeding 400 metres and in challenging Antarctic Sea operations. The company's TROUT model, a 300-metre depth-rated ROV, is specifically designed for both defense and commercial applications. These sophisticated underwater vehicles are capable of conducting crucial underwater surveillance and reconnaissance missions, enhancing the Indian Navy's underwater operational capabilities.
Proven Track Record
The startup has already made significant strides in the marine robotics industry, completing over 100 deployments across various regions including India, the Middle East, Asia-Pacific, and Europe. EyeROV's client portfolio includes prestigious organizations such as:
- Defence Research and Development Organisation (DRDO)
- Indian Coast Guard
- Council of Scientific and Industrial Research (CSIR)
- National Centre for Polar and Ocean Research (NCPOR)
Recognition and Funding
Founded in 2017, EyeROV has quickly established itself as a leader in the defense-tech startup ecosystem. The company's innovations and potential have garnered significant recognition:
- In 2022, EyeROV was recognized among India's top five defense-tech startups, winning the National Startup Award.
- The startup successfully raised $1.2 million in Pre-Series A funding, with Unicorn India Ventures as a key investor.
Supporting 'Make in India' Initiative
EyeROV's success aligns perfectly with the Indian government's initiatives for defense self-reliance. The company's technology stack is fully developed in India, showcasing the country's growing capabilities in advanced defense technologies. This contract not only strengthens India's naval capabilities but also promotes the 'Make in India' vision in the critical defense sector.
Future Implications
The ₹47 crore contract with the Indian Navy represents a significant vote of confidence in EyeROV's technology and could pave the way for further collaborations between startups and the defense sector. As India continues to prioritize indigenous defense solutions, companies like EyeROV are poised to play a crucial role in enhancing the country's military capabilities while fostering innovation in the tech ecosystem.
This development underscores the growing importance of underwater drone technology in naval operations and highlights India's progress in nurturing homegrown defense technology startups.
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