Vehant Technologies Secures $9 Million for Growth and Innovation
Vehant Technologies, a leading provider of security and surveillance solutions, has successfully secured $9 million (approximately Rs 75 crore) in a mezzanine funding round from True North’s private credit fund.
The funding will be dedicated to:
- Expanding research and development activities
- Enhancing existing product offerings
- Creating innovative solutions for:
- Aviation security
- Smart cities
- Enterprise analytics
- Focusing on exports to crucial markets in the Middle East and Europe
Founded in 2005 by Kapil Bardeja and Anoop Prabhu, Vehant Technologies is incubated at the prestigious Indian Institute of Technology (IIT) Delhi. The company’s mission is to establish a secure and intelligent world through the development of cutting-edge, locally produced solutions. Their offerings include:
- Physical security systems
- Smart city solutions
- Enterprise analytics
Vehant aims to achieve revenues of up to Rs 350 crore by FY26 and plans to accelerate growth beyond its initial public offering (IPO). The funds obtained through a Non-Convertible Debenture (NCD) will aid the company’s preparations for a potential IPO within the next 12 to 18 months, targeting 2026.
Based in Noida, the company is set to recruit over 75 research and development specialists, increasing its workforce to more than 500 members to support its ambitious growth strategy. This initiative is part of Vehant’s focus on fostering innovation and meeting the growing global demand for advanced security and surveillance solutions.
True North is an Indian investment firm that operates in both private equity and private credit sectors. With a private credit platform that has raised over Rs 1,300 crore, True North provides customised financing solutions that facilitate business expansion.