CeraTattva InnoTech, a material science startup incubated at the IIT Madras Incubation Cell, has successfully raised ₹1.3 crore in funding. This round was co-led by the Campus Angels Network, an angel network focused on deep tech startups from university campuses across India, and Forge Innovation & Ventures, a deep tech accelerator.
CeraTattva specializes in proprietary preceramic precursors/polymers and ceramic products tailored for diverse applications in the space, defense, energy, and automotive sectors. The newly secured funds will facilitate the establishment of a pilot production facility, product enhancements, market expansion, and team building. These steps are aimed at accelerating CeraTattva’s vision of becoming a leading materials tech startup and manufacturer.
“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,” said Dr. Ganesh Babu, Founder & CEO of CeraTattva.
Chandran Krishnan, Managing Director & CEO of Campus Angels Network, expressed confidence in the investment, stating, “CeraTattva’s dedication to material science advancements aligns seamlessly with our investment philosophy of supporting deep tech companies with high market potential.”
Vish Sahasranamam, Co-Founder & CEO of Forge Innovation & Ventures, highlighted the significance of CeraTattva’s innovations, noting, “CeraTattva’s transformation of polymers into ceramics represents a breakthrough in materials science, especially for high-temperature applications in aerospace and defense.”
This funding round marks a pivotal step for CeraTattva InnoTech in advancing its production capabilities and expanding its market reach, reinforcing its position as a pioneering force in the material science sector.
