With participation from Equianimity Investments, family offices, and high-net-worth investors, Bengaluru-based Optimized Electrotech has raised Rs 20 crore in a pre-Series B round led by Rajiv Dadlani Group.
GVFL, Dholakia Ventures, and Venture Catalysts all participated in the financing. Optimized Electrotech received $1.8 million in a pre-Series A financing from Venture Catalysts in April 2021. GVFL and other angel investors took part in that round as well.
The company plans to invest the new money in developing Intelligent Long Range Surveillance systems, focusing on improving its goods, and growing its aerospace and defense-related business operations.
Established by alumni of IIT, IISc, and IIM who previously worked for eminent electronics, space, and defence organisations in India and overseas.