Optimized Electrotech

Optimized Electrotech Private Limited (OEPL) is an Indian defense technology company engaged in manufacturing domestic surveillance systems for sectors including security forces, defense, aerospace, and national assets.[1][2] The company is situated in Ahmedabad, Gujarat, and was founded in 2017.[1]

Optimized Electrotech
TypePrivate
IndustryDefence industry
Founded2017
HeadquartersAhmedabad, Gujarat, India
Area served
India
Key people
Sandeep Shah
Founder and Managing Director
Websitewww.optimizedelectrotech.com

History

In 2017, Optimized Electrotech was established by Sandeep Shah,[3][4][5] an alumnus of IIM-C, together with Dharin Shah and Anil Kumar from IISC Bangalore, and Kuldeep Saxena, a former scientist from ISRO. The company initially focused on imaging surveillance technology and later expanded into electro-optics, integrating AI into their systems.[1] The idea for OEPL originated when Sandeep Shah was heading another company called Optimized Solutions, which served companies like ISRO.[6]

In 2016, after the announcement of the startup idea policy and defense procurement procedure, which encouraged indigenous content and allowed startups to participate, Sandeep decided to start the company. The co-founders joined in the following months,[1] and the first prototype of their surveillance system was developed in early 2019.[6]

In 2022, the company launched NoctVision, a long-range day and night surveillance system,[7] during the 12th Defence Exhibition Expo in Gujarat, organized by the Ministry of Defence to showcase defense and homeland security systems.[8]

Operations

Optimized Electrotech operates in two locations: R&D and prototype development in Bangalore, and the main headquarters in Ahmedabad. In 2019, during Vibrant Gujarat 2019, the company signed an MOU with the Government of Gujarat to establish a manufacturing unit in the state.[9]

Funding and partnership

In 2021, Optimized Electrotech received $1.8 million in pre-Series A funding from Venture Catalysts.[10][11] The company secured a sales funnel of Rs 95 crore from Indian and global OEMs for the coming years. The potential market for railway, smart city, and intelligent border projects is $7.3 billion.

GVFL Ltd made an undisclosed investment in the company's Series A funding round.[12]

In 2023, the company raised INR 20 crore in pre-Series B funding, led by the Rajiv Dadlani Group.[13] Optimized Electrotech has partnerships with Bharat Dynamics Limited and India Optel Limited for specific product development and co-manufacturing.[6]

References
  1. "Going Atmanirbhar With Surveillance". Electronics For You. 2022-11-14.
  2. Ghosh, Shrabona (2022-10-20). "DefExpo: Optimized Electrotech Launches Intelligent Surveillance System". Entrepreneur.
  3. "Exclusive: Human operators the weakest link in security systems, says Optimized Electrotech's Sandeep Shah". Financialexpress. 2023-01-09.
  4. "Interaction with Sandeep Shah Co-Founder & MD at Optimized Electrotech IT Voice". IT Voice. 2023-06-05.
  5. "Technology and war have to evolve together to ensure sustainability, says Sandeep Shah". Financialexpress. 2023-02-13.
  6. "Going Aatma-Nirbhar With Surveillance - ElectronicsB2B". 2022-12-26.
  7. "અમદાવાદમાં બનેલા કેમેરા ભારતીય સરહદે દુશ્મનો ઉપર રાખશે ચાંપતી નજર, આવી છે વિશેષતા". News18 Gujarati (in Gujarati). 2021-08-21.
  8. "Optimized Electrotech unveils flagship surveillance system, inks pacts for product development". Financialexpress. 2022-10-20.
  9. "Electro-optic surveillance start-up, Optimised Electrotech, raises Series A funding from GVFL". www.thehindubusinessline.com. 2019-02-20.
  10. Malviya, Sagar (2021-04-19). "Venture Catalysts leads $1.8 mn funding round in Optimized Electrotech". The Economic Times. ISSN 0013-0389.
  11. Bhatla, Prabhjeet (2021-04-19). "Optimized Eletcrotech Raises $1.8 Mn In Pre-Series A Round From Venture Catalysts". Entrepreneur.
  12. Dutta, Vishal (2019-02-22). "GVFL makes Series A funding in defence tech startup, Optimized Electrotech". The Economic Times. ISSN 0013-0389.
  13. Rudra, Tapanjana (2023-03-14). "Deeptech Startup Optimized Electrotech Bags Funding To Design Long-Range Surveillance Systems". Inc42 Media.
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