HomeInsightFUNDING NEWS- Newly Funded Startups 2024 TIEA Connectors Secures ₹3.81 Cr Funding From Technology Development Board

[Funding alert] TIEA Connectors Secures ₹3.81 Cr Funding From Technology Development Board

TIEA Connectors, a startup with its project titled "Commercialization of Micro-electronic Harsh Environment Connectors and Terminals" and incubated at the Society for Innovation and Development (SID) at the Indian Institute of Science (IISc), Bangalore, has Secured 3.81 crore as financial support out of the total project cost of 8.19 crore from TDB.

TIEA Connectors, a startup with its project titled “Commercialization of Micro-electronic Harsh Environment Connectors and Terminals” and incubated at the Society for Innovation and Development (SID) at the Indian Institute of Science (IISc), Bangalore, has Secured 3.81 crore as financial support out of the total project cost of 8.19 crore from TDB.

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The Technology Development Board (TDB), a division of the Department of Science and Technology (DST), has signed a contract with hardware startup TIEA Connectors Pvt. Ltd. in Bengaluru as part of the programme “Commercialization of Traditional Technologies through Tech Start-ups”, as reported by indianweb2.

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Rajesh Kumar Pathak, Secretary, TDB, said, “The company’s focus on electric vehicles and drones aligns with the global trend towards sustainable transportation solutions. By developing innovative connectors and terminals, the company is not only contributing to the growth of the niche market but also reducing dependence on imported components. Additionally, their involvement in aerospace and defence demonstrates their commitment to provide reliable and advanced technology for critical industries.”

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The developed and commercialised electronic connections and terminals with pitches of 2.8 mm, 2.5 mm, and 2.54 mm are the subject of the funded project. The product from TIEA Connectors, which received funding from TDB, is primarily made for the emerging niche markets of drones and electric cars, as well as other industries including consumer electronics and automobiles.

About TIEA Connectors

Ajith Sasidharan and Punit Joshi founded TIEA, which is building an authorised infrastructure and internal network that connects our development staff and customers’ engineering teams to make new developments. The system will be able to look at items under development from a variety of angles and enhance their quality, which will eventually strengthen our capacity to deliver products that both meet and surpass the needs of our consumers.

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