TIEA Connectors Raises Rs 22 Crore in Funding Led by Jamwant Ventures
• TIEA Connectors raised Rs 22 crore, led by Jamwant Ventures and Valour Capital, to enhance manufacturing and R&D.
• The startup specializes in customized electronic interconnect solutions and currently operates at 90% manufacturing capacity.
• TIEA aims to reduce dependency on imports by developing critical components for high-growth industries, supporting India’s self-reliance in manufacturing.
Industrial electronics startup TIEA Connectors Private Limited from Bengaluru has raised Rs 22 crore in a funding round led by Jamwant Ventures and Valour Capital, with participation from 8X Ventures and IvyCap as well.
The funding will be used to scale up manufacturing capacity, speed up research and development, and cater to the rising demand from electric vehicles, aerospace, drones, and defense.
What Does TIEA Connectors Do?
Established in 2019 by Ajith Sasidharan (CEO) and Punit Shridhar Joshi (CTO), TIEA Connectors is a company that designs, develops, and manufactures highly specialized electronic and electrical interconnect solutions. The company, incubated at the Indian Institute of Science (IISc), still works with the institute on cutting-edge R&D projects. With multiple patents issued, TIEA has become a major player in India's growing Electronic System Design and Manufacturing (ESDM) ecosystem.
Karan Goshar, Valour Capital's Managing Partner, said, "Our investment in TIEA is geared to our goal of supporting local manufacturing and the development of India's industrial base. The demand at the company is significantly outpacing supply, and this fund infusion will allow them to expand operations, build manufacturing capabilities, and develop their R&D efforts."
TIEA's solutions are critical pieces across multiple high-growth markets such as electric cars, aerospace, consumer electronics, and defense. The company has become recognized for its developments in wireless power and fire-retardant connectors and is presently at 90% capacity for its manufacturing operation.
"We look forward to having Jamwant Ventures, Valour Capital, 8X Ventures, and IvyCap join us on this journey of scaling up as we continue to provide world-class solutions to customers," added CEO Ajith Sasidharan. "In line with the vision of achieving self-reliance in Indian manufacturing, TIEA takes pride in assisting by designing products that have typically been imported."
Commander Navneet Kaushik, Managing Partner at Jamwant Ventures, said, "TIEA fills the lacuna for developing specifically designed connectors so that Indian manufacturers can now concentrate on designing their own indigenous innovative equipment with a completely domestic value chain. There has been a felt need in India's defence ecosystem for a home-grown player in this category."
• The startup specializes in customized electronic interconnect solutions and currently operates at 90% manufacturing capacity.
• TIEA aims to reduce dependency on imports by developing critical components for high-growth industries, supporting India’s self-reliance in manufacturing.
Industrial electronics startup TIEA Connectors Private Limited from Bengaluru has raised Rs 22 crore in a funding round led by Jamwant Ventures and Valour Capital, with participation from 8X Ventures and IvyCap as well.
The funding will be used to scale up manufacturing capacity, speed up research and development, and cater to the rising demand from electric vehicles, aerospace, drones, and defense.
What Does TIEA Connectors Do?
Established in 2019 by Ajith Sasidharan (CEO) and Punit Shridhar Joshi (CTO), TIEA Connectors is a company that designs, develops, and manufactures highly specialized electronic and electrical interconnect solutions. The company, incubated at the Indian Institute of Science (IISc), still works with the institute on cutting-edge R&D projects. With multiple patents issued, TIEA has become a major player in India's growing Electronic System Design and Manufacturing (ESDM) ecosystem.
Karan Goshar, Valour Capital's Managing Partner, said, "Our investment in TIEA is geared to our goal of supporting local manufacturing and the development of India's industrial base. The demand at the company is significantly outpacing supply, and this fund infusion will allow them to expand operations, build manufacturing capabilities, and develop their R&D efforts."
TIEA's solutions are critical pieces across multiple high-growth markets such as electric cars, aerospace, consumer electronics, and defense. The company has become recognized for its developments in wireless power and fire-retardant connectors and is presently at 90% capacity for its manufacturing operation.
"We look forward to having Jamwant Ventures, Valour Capital, 8X Ventures, and IvyCap join us on this journey of scaling up as we continue to provide world-class solutions to customers," added CEO Ajith Sasidharan. "In line with the vision of achieving self-reliance in Indian manufacturing, TIEA takes pride in assisting by designing products that have typically been imported."
Commander Navneet Kaushik, Managing Partner at Jamwant Ventures, said, "TIEA fills the lacuna for developing specifically designed connectors so that Indian manufacturers can now concentrate on designing their own indigenous innovative equipment with a completely domestic value chain. There has been a felt need in India's defence ecosystem for a home-grown player in this category."
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