EyeROV Wins TDF Fund, Partners with DRDO for Advanced Underwater Drone
DEFENSE

EyeROV Wins TDF Fund, Partners with DRDO for Advanced Underwater Drone

EyeROV, India's pioneering commercial underwater drone technology company, has secured funding under the Technology Development Fund (TDF) scheme to develop a long-range Remotely Operated Vehicle (ROV) for underwater object detection and neutralization. This development comes as EyeROV signs a significant agreement with the Defence Research and Development Organization (DRDO).

The agreement was exchanged by Directorate of Technology Development Fund (DTDF) Director and Scientist 'G' Nidhi Bansal and EyeROV Cofounder Kannappa Palaniappan at the Naval Science and Technological Laboratory (NSTL) in Visakhapatnam, Andhra Pradesh.

The funding will enable EyeROV to create an underwater drone capable of deep-sea searches for lost objects and neutralizing potentially hazardous items. This innovative system is expected to revolutionize underwater inspection and security, extending the range and capabilities of current technology.

The DTDF, operating under DRDO and aligned with the "Make in India" initiative, has been instrumental in supporting over 75 projects of national importance, particularly those from startups and SMEs. The TDF scheme's focus on fostering innovation aligns with the broader goal of achieving self-reliance through the Atmanirbhar Bharat initiative.

Palaniappan highlighted the significance of this contract for EyeROV, founded in 2017, stating that the TDF fund will bring revolutionary changes to underwater drone technology. "We feel proud to be associated with the country's defense sector," he added.

EyeROV, co-founded by college mates Johns T Mathai and Palaniappan, operates from the Kerala Technology Innovation Zone in Kalamassery. The company has made significant strides in providing safer and more efficient inspections using robotics and artificial intelligence. Their flagship vehicle, EyeROV TUNA, is already in use by DRDO labs, the Indian Coast Guard, and CSIR-SERC, among others.

EyeROV's portfolio also includes the EyeROV iBOAT Alpha, an unmanned surface vehicle that autonomously navigates water bodies, collecting critical data. This environmentally friendly innovation further solidifies EyeROV's position as a leader in the underwater robotics sector.

The agreement ceremony was attended by NSTL Director Dr. Abraham Varughese and top officials from DRDO-NSTL, underscoring the importance of this collaboration in advancing India's defense technology capabilities.

EyeROV, India's pioneering commercial underwater drone technology company, has secured funding under the Technology Development Fund (TDF) scheme to develop a long-range Remotely Operated Vehicle (ROV) for underwater object detection and neutralization. This development comes as EyeROV signs a significant agreement with the Defence Research and Development Organization (DRDO). The agreement was exchanged by Directorate of Technology Development Fund (DTDF) Director and Scientist 'G' Nidhi Bansal and EyeROV Cofounder Kannappa Palaniappan at the Naval Science and Technological Laboratory (NSTL) in Visakhapatnam, Andhra Pradesh. The funding will enable EyeROV to create an underwater drone capable of deep-sea searches for lost objects and neutralizing potentially hazardous items. This innovative system is expected to revolutionize underwater inspection and security, extending the range and capabilities of current technology. The DTDF, operating under DRDO and aligned with the Make in India initiative, has been instrumental in supporting over 75 projects of national importance, particularly those from startups and SMEs. The TDF scheme's focus on fostering innovation aligns with the broader goal of achieving self-reliance through the Atmanirbhar Bharat initiative. Palaniappan highlighted the significance of this contract for EyeROV, founded in 2017, stating that the TDF fund will bring revolutionary changes to underwater drone technology. We feel proud to be associated with the country's defense sector, he added. EyeROV, co-founded by college mates Johns T Mathai and Palaniappan, operates from the Kerala Technology Innovation Zone in Kalamassery. The company has made significant strides in providing safer and more efficient inspections using robotics and artificial intelligence. Their flagship vehicle, EyeROV TUNA, is already in use by DRDO labs, the Indian Coast Guard, and CSIR-SERC, among others. EyeROV's portfolio also includes the EyeROV iBOAT Alpha, an unmanned surface vehicle that autonomously navigates water bodies, collecting critical data. This environmentally friendly innovation further solidifies EyeROV's position as a leader in the underwater robotics sector. The agreement ceremony was attended by NSTL Director Dr. Abraham Varughese and top officials from DRDO-NSTL, underscoring the importance of this collaboration in advancing India's defense technology capabilities.

Next Story
Infrastructure Urban

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Next Story
Infrastructure Energy

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Next Story
Infrastructure Urban

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement