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The Venture Codex

Forge Innovation & Ventures

Forge.Factory, G Floor, KCT Tech Park, #3 Athipalayam Road, Chinnavedampatti, Coimbatore, Tamil Nadu, 641049, India

Overview

Forge Accelerator specializes in the fields of startup investments, entrepreneurship awareness, and business consulting. It offers holistic incubation services covering innovation labs, incubation grants, acceleration, and seed capital investment to transform innovative ideas into successful enterprises with the potential for growth, impacts, and profits. Forge Accelerator was founded in 2014 and headquartered in Coimbatore, India.

Total investments
5
Lead investments
1
Investments · 12mo
2
Active investors
6

Sector focus

  • Finance
  • Financial Exchanges
  • Financial Services
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Investment portfolio

  • Unibose

    Participated · Series A · Feb 2026

    Unibose is a Chennai-based industrial robotics startup that engineers ATEX-certified robots capable of operating in explosive or otherwise hazardous environments such as oil & gas, petrochemical, fertiliser, and heavy process facilities. Its robots handle tank cleaning, confined-space residue removal, high-pressure surface preparation, and internal structural inspection while simultaneously gathering high-resolution sensor data. The platform layers computer-vision-driven defect detection and automated compliance documentation onto the mechanical hardware, positioning the solution as both a maintenance tool and a data acquisition system. Backed by approximately INR 80 million (~USD 930,000) in disclosed funding, the company aims to eliminate human entry into high-risk zones, shorten plant shutdowns, and digitize regulatory reporting for customers. With fresh capital, Unibose plans to scale manufacturing, extend its OEM partner ecosystem, and expand sales across India, GCC countries, and Southeast Asia. The company claims to have built Asia’s first ATEX-certified industrial cleaning robot, giving it a significant regulatory and technical moat in a niche often underserved by general-purpose robotics vendors.

  • Welkinrim

    Participated · Equity · Sep 2025

    Welkinrim is a deep-tech startup incubated at the IIT Madras Incubation Cell that builds advanced propulsion subsystems—specifically high-thrust-density motors and intelligent electronic speed controllers (ESCs)—for drone OEMs in defence, surveillance, agriculture, and logistics. Its products aim to deliver higher performance, reliability, and efficiency, addressing a critical gap in India’s UAV supply chain while targeting global demand. With the freshly raised ₹4.76 crore, the company plans to expand in-house manufacturing, invest in advanced testing infrastructure, and accelerate product validation with leading drone makers. Funds will also bolster R&D, grow the core engineering team, and help build intellectual property around proprietary control algorithms. By moving from prototyping to scaled deployments, Welkinrim seeks to become the preferred OEM partner for drone propulsion solutions. No revenue or user metrics were disclosed, but the company positions itself as a key enabler of the rapidly expanding drone ecosystem.

  • CeraTattva

    Led · Equity · Jul 2024

    CeraTattva InnoTech specializes in proprietary preceramic precursors, polymers and ceramic products and solutions for high‑performance applications across space, defence, energy and automotive sectors. The company is incubated at the IIT Madras Incubation Cell. Its core offerings focus on transforming polymers into ceramics for high‑temperature and specialized use cases. The recent fundraising will support building a pilot production facility and product upgrades. Management plans to use proceeds for market expansion and hiring to scale operations. The company positions itself as a new‑age materials tech startup and manufacturer pursuing commercialization of its material solutions.

  • Torus Robotics

    Participated · Seed · Feb 2024

    Torus Robotics develops motors and controllers intended to reduce reliance on imported powertrain components for the EV market. The company’s products are, according to the startup, up to 15% more efficient, at least 50% lighter and more compact, and more affordable than traditional alternatives. Founded in Chennai in 2019 by Vignesh M, Vibhakar Senthil, and Abbhi Vignesh K, the startup targets industrial, energy, and electric vehicle applications. It has obtained funding for applications under the FLCTD program facilitated by UNIDO. The $470K seed will be used to fund innovation and expansion and to expand R&D operations to accelerate technology transfer from lab to market. The round was raised under the Tamil Nadu Emerging Sector Seed Fund (TNESSF).

  • Okulo Aerospace

    Participated · Seed · Jul 2023

    Okulo Aerospace is a Bengaluru-based drone technology company founded in 2019 by Parithi Govindaraju that offers end-to-end aerial monitoring solutions. Its product suite includes long-range unmanned aerial vehicles equipped with high-performance sensors and an AI platform for advanced analytics. The startup says its UAV achieves a flight time of more than six hours, the longest in its class. Okulo positions its solutions to help businesses optimize operations, improve situational awareness, and support defense operations. The company plans to use new funding for product development, team growth, and to gain early customer traction through targeted marketing and sales. It competes directly or indirectly with firms such as ideaForge, Dhaksha, Garuda, Skyroot Aerospace, and Bellatrix Aerospace.

Team