Cavli Wireless, a start-up based in Kochi, India, has successfully secured US$10 million in Series A funding to expand its market reach and enhance its product capabilities.
The company’s primary goal is to utilize this funding to accelerate talent acquisition for its global research and development (R&D) and engineering center, positioning Kochi as a prominent hub for IoT and telecom technology. Additionally, Cavli aims to expand its business on a global scale by establishing business development positions in Europe, West Asia, Africa, and America.
To support its growth, Cavli plans to increase the manufacturing capacity at its base in India by installing new automated calibration and high-speed firmware flashing lines. Furthermore, the company intends to establish a customer experience center, fostering collaborative development between its customers and engineering team. This expansion is expected to significantly increase Cavli’s workforce in India to over 200 employees, spanning technical and business roles. With its current presence across four continents, the start-up already provides IoT solutions to creators in more than 30 countries.
Cavli’s strategic focus is to strengthen its position in the global IoT market through the expansion of its product portfolio, enhanced R&D capabilities, and an increased international presence. The company plans to invest in cutting-edge technologies specifically for the automotive and industrial sectors. Leading the Series A funding round were Chiratae Ventures and Qualcomm Ventures, with participation from a major US technology conglomerate. Cavli’s suite of IoT connectivity solutions, supported by its connectivity management cloud platform, Cavli Hubble, equips businesses with the necessary infrastructure for digital transformation and growth opportunities.