There is a growing need for versatile and efficient unmanned aerial vehicles (UAVs) or drones across various sectors, including event photography, agriculture, reconnaissance, and surveillance. These sectors require UAVs that are not only reliable and high-performing but also customized to meet specific operational needs and challenges.
Garuda Aerospace Private Limited addresses this need by specializing in the design, construction, and customization of UAVs or drones. They offer solutions that are tailor-made for different applications, ensuring that each drone meets the unique requirements of its intended use, whether it be capturing stunning aerial shots at events, conducting detailed agricultural surveys, or performing critical reconnaissance and surveillance tasks.
This organization specializes in Aerospace, Drones, Manufacturing, Mapping Services, Security.
The overall drone industry is estimated to be at $7 billion.
Garuda Aerospace Private Limited has raised ₹25 crore from Venture Catalysts++ | India's 1st Multi-Stage VC, WeFounderCircle, Hem Angels, Peaceful Progress, and SAN Angels Network in Series A round. It's valuation is $250 Mn.
The company says that it enjoys a 55% market share in the $3 billion precision agri drone industry.
Garuda Aerospace Private Limited based in Chennai was founded in 2015 by Agnishwar Jayaprakash, and Rithika Mohan.
The funds raised in this bridge round will primarily be used to address the sudden demand for drone solutions. This will benefit India's tech ecosystem and agriculture industry.
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