Ahmedabad: Six Gujarat-based startups have collectively raised Rs 287 crore over the past four months, drawing investor interest in sectors ranging from hydrogen-powered drones and space imaging to artificial intelligence, insurance and travel technology.The latest fundraising round was secured by Cellegant Energy Systems, founded by IIT Gandhinagar professor Dr Atul Bhargav. The startup raised Rs 2.6 crore from investors including GVFL Prarambh Fund Trust, CoCreate Aarambh and IIEC, the incubator at IIT Gandhinagar.Cellegant is developing indigenous hybrid hydrogen fuel-cell electric drivetrain systems aimed at extending the endurance of drones and unmanned aerial vehicles (UAVs).
The technology can also be used in marine and underwater vehicles, autonomous vehicles, quadruped robots, and stationary power systems. The company plans to advance its 35-kg drone programme from technology readiness level three to six within the next six to 12 months.GVFL has also led a Rs 3.7 crore seed funding round in Ahmedabad-based SpectraGaze Systems and invested Rs 3 crore in Edgeverse India.Founded by former Isro scientist Arup Banerjee, SpectraGaze develops indigenous imaging sensors for the space and defence sectors.
Its clients include Isro, PRL and Kaynes Technology. The company is currently developing an image sensor for Isro’s next-generation HRSAT programme in collaboration with AMETEK.Edgeverse India combines edge AI, cameras and radar technologies to enhance vehicle safety. The company is developing rider-assistance systems for two-wheelers and driver-monitoring solutions for commercial vehicles.“Advances in hardware, semiconductor availability and edge AI now allow systems to process large volumes of data and make intelligent decisions in real time.
Applications across drones, space, EVs, robotics and intelligent
Applications across drones, space, EVs, robotics and intelligent machines are becoming increasinglytics startup Cosmochute has raised $1.5 million (around Rs 14.2 crore) in a pre-seed funding round led by Prosus Ventures. The company is developing LEAP, a modular lunar mobility platform designed to transport and deploy payloads on the Moon
The capital will be used for platform development, team expansion, and commercialisation.Ahmedabad-headquartered insurtech startup InRisk Labs raised $27 million (around Rs 255.8 crore) in a Series A funding round co-led by Bessemer Venture Partners and Northpoint Capital. The company plans to enhance its underwriting, actuarial, catastrophe modelling and AI capabilities, expand coverage across climate risks, marine cargo and motor insurance, and develop parametric and structured reinsurance offerings.
Part of the funding will also support its subsidiary, EarthRe.Travel-tech startup Bucketlistt.com, supported by iHub Gujarat, raised Rs 7.6 crore in seed funding. The platform connects travellers with verified experiences while helping operators reach a wider customer base. The company plans to strengthen its platform, expand its operator network and enter new destinations across India.Hiranmay Mahanta, CEO of iHub Gujarat, said the organisation initially supported the venture with a Rs 10 lakh grant.
“Within two years, the founder has raised up to Rs 7 crore. The travel-tech venture identified a niche opportunity and executed it well. As travel moves towards mass customisation, segments such as adventure tourism offer significant growth potential,” he said.You Can Also Check: Gold Rate in Ahmedabad | Silver Rate in Ahmedabad | Bank Holidays in Ahmedabad | Public Holidays in Ahmedabad | Ahmedabad AQI | Weather in Ahmedabad | Petrol Price in Ahmedabad | Diesel Price in Ahmedabad | CNG Price in Ahmedabad | LPG Price in AhmedabadStay updated with the latest Ahmedabad news.
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