EyeROV: Leading the Charge in Unmanned Maritime Innovation

Transforming Underwater Exploration and Security

In a world where maritime security and environmental sustainability are increasingly critical, EyeROV is setting new standards in unmanned maritime technology. Founded in 2016 by IIT alumni Johns T Mathai and Kannappa Palaniappan P in Kochi, India, EyeROV has quickly emerged as a leader in deploying Remotely Operated Vehicles (ROVs) and Unmanned Surface Vehicles (USVs). These cutting-edge solutions are redefining underwater infrastructure inspection, surveillance, and environmental monitoring, delivering exceptional efficiency and safety.

EyeROV’s Strategic Edge

EyeROV stands out for its unwavering commitment to innovation, supported by a strong intellectual property portfolio, which includes one granted patent and three pending. This focus on technological excellence has driven significant growth over the past three years, underpinned by a robust order pipeline. The company’s products have been successfully deployed across critical sectors such as defense, oil & gas, and marine research, consistently outperforming competitors.

Seizing a High-Growth Market

The global market for offshore USVs and ROVs is expected to expand from $4 billion in 2022 to $12.9 billion by 2030, fueled by growing demand for reliable and efficient maritime solutions. EyeROV is strategically positioned to capture a substantial market share, particularly in high-barrier sectors like defense and oil & gas. The company’s dual revenue model—encompassing direct product sales and Robotics as a Service (RaaS)—ensures scalability and sustainability, meeting the diverse needs of its clientele.

UIV’s Investment Thesis

Our decision to invest INR 10 crore in EyeROV is closely aligned with UIV’s deeptech focus and our commitment to investing in future-defining technologies. EyeROV’s scalable business model, strategic market positioning, and visionary leadership present a compelling investment opportunity. The founders’ deep expertise in robotics and ocean engineering solidifies our confidence in EyeROV’s potential to lead the unmanned maritime technology sector.

Charting the Future of Maritime Innovation

EyeROV represents the forefront of underwater exploration, security, and environmental monitoring. By investing in EyeROV, we are supporting a company that not only leads in technological advancement but also addresses the growing global demand for sophisticated, efficient maritime solutions. This investment underscores our belief in transformative, deeptech technologies that will redefine industries and create enduring value on a global scale.