In July 2021, Garuda Aerospace caught the attention of Elon Musk, who liked the company’s tweet on its solar panel-cleaning drone. This led to the Indian drones startup inking a US$1 million investment deal with a global fund. Now, the Indian company has raised US$22 million to further fuel its growth.
The latest raise marks the largest ever series A funding in the drones sector in India, according to the company. The round was led by local early-stage VC firm SphitiCap, which injected US$12 million, alongside other global investors, angel investors, and high-net-worth individuals.
It’s also exciting to see that investors are confident in the potential of the drones industry in India. This type of investment can help spur innovation, create jobs, and drive economic growth. It will be interesting to see how the startup develops and what new solutions it brings to these billion-dollar markets.
It’s great to see innovation and entrepreneurship thriving in India, and I hope that this investment will help the drone startup to succeed and grow.
It seems that a drone startup in India has recently secured significant funding, which is a positive sign for the company and for the drone industry in India. Drone technology has the potential to disrupt a number of industries, including agriculture, delivery, surveying, and mapping, among others. With this new funding, the startup may have the resources to bring its products and services to market and make a real impact in these sectors.
