Discover 7 articles related to DroneTech
Chennai-based drone startup Garuda Aerospace, backed by MS Dhoni, has raised ₹100 crore in a Series B round led by Venture Catalysts, valuing the company at $250 million. The funds will enhance drone manufacturing, expedite a defense-focused R&D center, and expand its IP portfolio, aligning with India's self-reliance goals.
Garuda Aerospace’s investment in Zuppa marks a pivotal step in strengthening India's indigenous drone capabilities, fostering secure and advanced solutions for defense applications.
BonV Aero secures ₹10 crore from Unicorn India Ventures to advance eVTOL and autonomous drone technologies. The Odisha-based startup aims to enhance defense logistics, aerial mobility, and global expansion in aerospace innovation.
Odisha-based startup Bon V Aero has launched Air Orca, India’s first fully autonomous logistics drone, to revolutionize logistics and emergency response. Capable of carrying a 30 kg payload, Air Orca operates efficiently in extreme terrains, outperforming helicopters at high altitudes like Umling La. Backed by venture capitalist Tim Draper, the drone is designed for diverse applications across healthcare, e-commerce, military, and disaster management.
Marut Dronetech, a Hyderabad-based drone startup, has raised $6.2 million in Series A funding from Lok Capital. Founded in 2019, Marut focuses on using drones for agriculture, healthcare, and rural development. The funds will be used to develop advanced agricultural drones, expand service centers in Tier 2 and 3 cities, and establish Drone-as-a-Service hubs. Marut aims to scale its operations, with a five-year revenue target of ₹1,000 crore and plans to manufacture 3,000 drones annually, supporting its mission to drive sustainable growth and entrepreneurship in rural India.
India’s drone sector is on the cusp of significant growth, with the government set to launch an improved Production-Linked Incentive (PLI) scheme tailored to startups and MSMEs. This initiative will address issues faced by smaller players, such as complex documentation and limited inclusivity, while offering increased financial support. The new scheme, with a proposed outlay of ₹1,000 crore, aims to encourage indigenous drone manufacturing, segment the market into civilian, defense, and counter-drone uses, and empower rural women entrepreneurs through programs like the Namo Drone Didi Scheme. This effort aligns with India’s Make in India vision and focuses on bolstering domestic innovation in both civilian and defense drone technologies.
IG Drones, India's leading Drone Tech and AI company, has raised $1 million in its initial funding round led by India Accelerator and angel investors. The funds will support advanced R&D for defense applications, alongside plans for global expansion. With India's drone market expected to grow to ₹2.5 trillion by 2030, IG Drones is well-positioned to capitalize on this momentum. The company’s AI-powered Jaga drone and other innovations are transforming sectors like defense and agriculture. IG Drones has completed over 500 projects, partnered with the Indian Army, and trained 50,000+ youth. With expansion plans in five countries, IG Drones is set to lead the drone tech revolution globally.