A new round of government-backed startup funding has been announced in Tamil Nadu as part of efforts to strengthen the state’s deep-tech ecosystem. The initiative focuses on supporting innovative companies working in advanced sectors such as space technology and electric mobility.
The Tamil Nadu Industrial Development Corporation (TIDCO), the state’s industrial body, has announced new investments under the TIDCO Startup Investment Policy 2025. The organisation will invest between ₹25-30 crore each in Agnikul Cosmos, a spacetech startup, and Raptee Energy, an electric motorcycle company.
The funding is part of the state’s broader strategy to support deep-tech startups that align with its vision for future industries. Following these investments, Agnikul Cosmos is now valued at around ₹5,500 crore, while Raptee Energy has reached an estimated valuation of about ₹700 crore.
Agnikul and Raptee driving deep-tech innovation
Agnikul Cosmos develops small satellite launch vehicles and has built its own private launchpad at Sriharikota. The company is working on technologies designed to support satellite launches and expand India’s private space sector.
Raptee Energy focuses on high-performance electric motorcycles aimed at the premium segment. The company is developing fast and stylish electric bikes that target consumers looking for advanced EV technology.
Both startups are considered key innovators that could contribute significantly to the growth of Tamil Nadu’s technology ecosystem with support from TIDCO.
TIDCO’s wider plan to build a technology ecosystem
Officials indicated that the investment goes beyond supporting only these 2 companies. TIDCO has also signaled plans to invest in the chip design startup iVP Semiconductor.
The move is part of a larger strategy to encourage homegrown innovation and position Tamil Nadu as a major hub for advanced technologies.
Startups already backed by earlier investors
Both Agnikul Cosmos and Raptee Energy had previously raised funding from investors before this round. However, the available information does not specify the amounts or dates of their earlier fundraises.
With TIDCO now joining as an investor, both startups are expected to expand their operations faster and strengthen their presence in their respective sectors.
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