Garuda Aerospace, a Chennai-based drone startup, has raised $5 million in funding from a large infra-development company, a group of HNI and angel investors from India, Singapore and the UAE.

The startup plans to use the raised funds to focus on building advanced drone solutions for the Indian Armed Forces in collaboration with global giants from the defence and aerospace sectors.

Garuda Aerospace | Unmanned Aerial Vehicle

Founded by Agnishwar Jayaprakash, Garuda Aerospace focuses on the design, build and customization of unmanned aerial vehicles (UAVs) or drones for various applications such as event photography, agricultural survey, reconnaissance and surveillance.

Jyotiraditya Scindia, Union Minister of Civil Aviation of India, recently acknowledged the startup through a tweet and encouraged Garuda Aerospace for their developments and the importance of drones used in the agricultural sector.

Speaking about the development, Agnishwar Jayaprakash said,

“Since the Prime Minister flagged off the Kisan drones yatra, Garuda Aerospace has been consistent in bagging orders and growing the team, adding to our overall growth and revenue. We are motivated by the acknowledgement received by Shri Jyotiraditya Scindia’s tweet for creating an impact in the agri-drone sector. Garuda Aerospace is an asset-light, recession-proof, and market-agnostic company that is backed by its consumers.”

The Chennai-based drone startup, which operates in the agri drone and industry 4.0 services segment, has demonstrated the use of drones to farmers for surveillance of crops, crop health, mapping of land, and crop yield mitigation.

Garuda Aerospace, which currently boasts a drone fleet of 400 drones, claims to have inked long-term partnerships with Lockheed Martin, Elbit Systems, the Indian Institute of Science, IIT-M, and MIT Boston. It has a growing team of more than 500 pilots across 26 different cities.

Mahendra Singh Dhoni, the former Indian cricket team captain, has invested in the startup and is also the brand ambassador. He recently launched a drone named Droni, manufactured by Garuda Aerospace.

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