Drone startup Garuda Aerospace raises $5 million
Garuda Aerospace has inked long-term partnerships with Lockheed Martin, Elbit Systems, Indian Institute of Science, IIT-M, and MIT Boston.
City-based drone-as-a-service company Garuda Aerospace said that has raised $5 million from a large infrastructure development company, high net worth individuals and angel investors.
With the acquired funds, Garuda Aerospace will focus on building advanced drone solutions for the armed forces in collaboration with global giants from the defence and aerospace sectors, the company said on Thursday.
Click here to get more stock market updates I Zee Business live
Garuda Aerospace has inked long-term partnerships with Lockheed Martin, Elbit Systems, Indian Institute of Science, IIT-M, and MIT Boston.
According to Agnishwar Jayaprakash, Founder and CEO, Garuda Aerospace the company has an order book position for three years.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
08:47 AM IST
Garuda Aerospace to set up dedicated defence drone facility near Chennai
Garuda Aerospace signs pact with French Thales to promote drone ecosystem 
MS Dhoni-backed drone manufacturer aims to sell 50,000 agri and consumer drones in next few years