Kerala-based deeptech startup Neiox Eco Cycle has secured a ₹75 lakh prototyping grant under Cochin Shipyard Ltd’s USHUS Maritime Innovation Scheme, marking a major step forward in its mission to build sustainable, carbon-negative technologies for the maritime industry.
The grant will help Neiox develop its eco-friendly hull-coating material designed to reduce corrosion, limit biofouling, and boost vessel efficiency while simultaneously cutting emissions. The company positions this solution as a non-toxic, carbon-negative alternative to conventional coatings, aiming to balance operational performance with environmental responsibility.
Founded in 2023 by Akhil Raj Pottekkat, Neiox Eco Cycle operates from Kozhikode as a climate-tech venture focused on converting waste and captured air pollutants into usable industrial materials. Its technology pipeline blends circular economy principles with sustainable manufacturing, reinforcing Kerala’s growing presence in India’s green innovation ecosystem.
Earlier, in November 2024, the startup received a ₹30 lakh grant from Cochin Shipyard under a maritime innovation program, helping it advance early-stage research. The latest support will enable Neiox to move closer to commercial readiness for large-scale maritime adoption.
The official grant handover took place at IIM Kozhikode, attended by representatives from Cochin Shipyard and the institute’s LIVE incubation program. Neiox is also supported by Kerala Startup Mission (KSUM) and TBI NIT Calicut.
Commenting on the development, founder and CEO Akhil Raj Pottekkat said the company’s work lies “at the intersection of climate action, public health, and sustainable manufacturing,” adding that Neiox Eco Cycle aims to make maritime operations cleaner and more efficient while spotlighting Kerala’s potential in deeptech-led sustainability.
