# Technology Development Board, Government of India

> Technology Development Board, Government of India is a VC fund backing Automotive. See 10 investments, round sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Location: New Delhi, India
- Total investments: 10
- Last investment: Aug 2026
- Lead investor: 70%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/in/technology-development-board/
- X (Twitter): https://twitter.com/tdbgoi
- Website: http://tdb.gov.in/
- Facebook: https://www.facebook.com/tdbgoi/

Technology Development Board, Government of India is a VC fund in New Delhi focused on Automotive and Manufacturing. Technology Development Board (TDB), a statutory body under the Department of Science & Technology, GOI promotes development, up-scaling and commercialization of indigenous technologies in the country by providing financial assistance to companies. Since its inception in 1996, the Board has provided such assistance in the form of soft loans,equity & in special cases grants to about 280 industrial concerns for commercialization of domestically developed technologies, and for innovation/technology-driven entrepreneurship.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Automotive | 3 | 30% |
| Manufacturing | 3 | 30% |
| Aerospace | 2 | 20% |
| Health Care | 2 | 20% |
| Electric Vehicle | 2 | 20% |

28 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 3 | 30% |
| Grant | 3 | 30% |
| Debt Financing | 3 | 30% |
| Venture - Series Unknown | 1 | 10% |

## Investments

| Company | Description | Round size | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| ROADGRID | ROADGRID build EV charging network to create a sustainable electric vehicle ecosystem. It focuses on future-ready smart charging infrastructure at public city locations and intercity highways, featuring universal chargers. These integrate a customer-centric mobile app with secure payments, delivering fast, safe charging for all EV segments. | $1.4M | Debt Financing | Aug 01, 2026 |  |
| Casey Aviation | Casey Aviation is a aerospace company that provides electric-powered VTOL/STOL aircraft for urban aviation travel, regional logistics, and emergency intervention missions. |  | Grant | Apr 13, 2026 |  |
| Raptee Energy | Emobility |  | Grant | Sep 18, 2025 |  |
| Dhruva Space | Dhruva Space is a private space company developing small satellite systems to offer launch services and power space-based applications. It offers satellites with Earth stations and launch services as an integrated service or individually as a technology service to power space-based applications on the ground and space. | $2.9M | Debt Financing | Apr 22, 2024 |  |
| Noccarc | Noccarc is a revolutionary medical device company at the forefront of healthcare innovation. Our smart medical devices are just the beginning of our mission to transform the healthcare industry through technology. With our smart, connected devices and digital platform, we enable hospitals to have real time data accessibility, digitize patient dataand automate workflows. | $2M | Seed | Feb 13, 2024 |  |
| xIoTz Private Limited | xIoTz is the creation of outstanding professional hackers from a variety of fields, by embracing a comprehensive view of cybersecurity, is devoted to fending against ever-increasing cyber threats. | $18.2K | Grant | May 14, 2023 |  |
| Pixuate | Pixuate is a deep-tech AI-based video analytics company working on advanced machine learning and deep learning technology which leverages existing CCTV infrastructure. Pixuate's proprietary video analytics platform helps organizations in Retail, Manufacturing, Food, Hospitality, and Pharma to improve their safety & security and processcompliances. |  | Debt Financing | May 21, 2020 |  |
| AGATSA | We will inspire world to be healthy, confident by offering affordable, ultra small, wearable, health monitoring devices which will improve quality of life. The Current offering is Pocket ECG card - a disruptive, possibly smallest and most intelligent ECG monitor device. | $1M | Venture - Series Unknown | Sep 25, 2019 |  |
| Aquvio | To Build Disrupting technologies for Access to safe water, sanitation ,Sustainable usage and Saving, and turn problems into potential-unlock ingeducation, work opportunities, and improved health for women, children and families across the world. |  | Seed | Jul 16, 2019 |  |
| Ather Energy | Ather Energy manufactures electric scooters and an electric vehicle charging network called AtherGrid. It focuses on building a complete ecosystem for India’s electric vehicles powered by indigenous design and all locally manufactured. Ather Energy's key products include the Ather 450X, their flagship electric scooter. It is renowned for itspowerful performance, long-range, and advanced smart features such as touchscreen dashboards, connected mobile apps, and over-the-air updates. The Ather 450 Plus, a slightly less powerful version of the 450X, offers many of the same innovative features while balancing performance and affordability.Both scooters are equipped with a smart dashboard that provides navigation, ride statistics, and other useful features. They are also integrated with mobile apps, allowing users to monitor their vehicle's performance, locate charging points, and access various connected features. | $1M | Seed | Dec 03, 2014 |  |

10 of 10 investments shown.

## Co-investors
- [IAN Group](https://shizune.co/investors/profile/indian-angel-network) — VC Fund, 2 deals together
- [SIDBI Venture Capital](https://shizune.co/investors/profile/sidbi-venture-capital) — VC Fund, 2 deals together
- [Artha Group](https://shizune.co/investors/profile/artha-india-ventures) — VC Fund, 1 deal together
- [Indian Institute of Technology Kanpur](https://shizune.co/investors/profile/indian-institute-of-technology-kanpur) — VC Fund, 1 deal together
- INVENT — VC Fund, 1 deal together
- [Sunn91 Ventures](https://shizune.co/investors/profile/sunn91-ventures) — VC Fund, 1 deal together

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## Featured in investor lists
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## FAQ

### What does Technology Development Board, Government of India invest in?

Technology Development Board, Government of India invests primarily in Automotive, Manufacturing and Aerospace startups, most often at Seed and Grant stage. Most of the 10 investments tracked by Shizune back companies in India. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did Technology Development Board, Government of India last invest?

The most recent investment recorded for Technology Development Board, Government of India closed in Aug 2026. Shizune tracks 10 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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