This round of funding was led by ONGC Start-up Fund and Ranjan Pai’s MEMG Family Office. Kris Gopalakrishnan (Co-Founder, Infosys; Chairman, Axilor Ventures), Keiretsu Forum (Chennai and Singapore) participated in the round. This funding will help Planys expand its ROV robotic fleet, fund product development and scale up its operations.
Inspired by Make in India, Planys develops indigenous ROVs which are underwater drones providing submersible robotic inspections and survey solutions. Planys caters to various traditional sectors like Maritime (Ports, Terminals, Shipping), Infrastructures (Dams and Bridges) and Energy (Oil and Gas, Power, Hydroelectric).
“We have successfully completed over 35 projects in multiple sectors with repeat orders, over two years. With this fund raise, we are on course to create a huge impact and make such technology easily available in India,” says Tanuj Jhunjhunwala, Co-Founder and CEO of Planys. Ageing infrastructure is a huge problem worldwide, especially when structures are underwater. India has many important infrastructures assets underwater that need regular maintenance and inspection. Planys’ vision is to emerge as a world-leading provider of diagnostics-driven marine robotics contributing to safety and longevity of these structures.
Currently, underwater inspections are done by human divers, with limitations of depth, hazardous conditions and limited endurance or in a few cases, by using imported work class ROVs.