Vehant Technologies raises $9 Mn from True North

Security and surveillance solution provider Vehant Technologies has secured $9 million (around Rs 75 crore) in a mezzanine round from the private credit fund of True North.

The proceeds will be utilized to increase its R&D activities, enhance current offerings, develop innovative solutions for aviation security, smart cities, and enterprise analytics, and focus on exports to key markets in the Middle East and Europe, Vehant said in a press release.

Co-founded in 2005 by Kapil Bardeja and Anoop Prabhu, Vehant Technologies is incubated at the Indian Institute of Technology (IIT) Delhi. The company aims to create a secure and smart world by providing made-in-India, in-house development of a wide range of cutting-edge solutions, including physical security systems, smart and safe city solutions, and enterprise analytics.

Vehant intends to generate revenue of up to Rs 350 crore by FY26 and accelerate further growth beyond the IPO. The funding, received through a Non-Convertible Debenture (NCD) route, will assist the company’s preparations for listing on the IPO within 12 to 18 months, by 2026.

The Noida-based company says it will hire over 75 R&D specialists to increase the team size to over 500 members in order to stimulate its ambitious growth plans. The company focuses on driving innovation and catering to the rising global demand for advanced security and surveillance solutions.

True North is a home-grown investment firm spanning private equity and private credit. Its private credit platform, with over Rs 1,300 crore in raised capital, provides tailored financing solutions to support business growth.