Optimized Electrotech Private Limited (OEPL) is an Indian defense technology company engaged in manufacturing domestic surveillance systems for sectors including security forces, defense, aerospace, and national assets. The company is situated in Ahmedabad, Gujarat, and was founded in 2017.
History
In 2017, Optimized Electrotech was established by Sandeep Shah, an alumnus of IIM-C, together with Dharin Shah and Anil Kumar from IISC Bangalore, and Kuldeep Saxena, a former scientist from ISRO. The company initially focused on imaging surveillance technology and later expanded into electro-optics, integrating AI into their systems. The idea for OEPL originated when Sandeep Shah was heading another company called Optimized Solutions, which served companies like ISRO.
In 2016, after the announcement of the startup idea policy and defense procurement procedure, which encouraged indigenous content and allowed startups to participate, Sandeep decided to start the company. The co-founders joined in the following months, and the first prototype of their surveillance system was developed in early 2019.
In 2022, the company launched NoctVision, a long-range day and night surveillance system, during the 12th Defence Exhibition Expo in Gujarat, organized by the Ministry of Defence to showcase defense and homeland security systems.
Operations
Optimized Electrotech operates in two locations: R&D and prototype development in Bangalore, and the main headquarters in Ahmedabad. In 2019, during Vibrant Gujarat 2019, the company signed an MOU with the Government of Gujarat to establish a manufacturing unit in the state.
Funding and partnership
In 2021, Optimized Electrotech received $1.8 million in pre-Series A funding from Venture Catalysts. The company secured a sales funnel of Rs 95 crore from Indian and global OEMs for the coming years. The potential market for railway, smart city, and intelligent border projects is $7.3 billion.
GVFL Ltd made an undisclosed investment in the company's Series A funding round.
In 2023, the company raised INR 20 crore in pre-Series B funding, led by the Rajiv Dadlani Group. Optimized Electrotech has partnerships with Bharat Dynamics Limited and India Optel Limited for specific product development and co-manufacturing.