Drone player Garuda Aerospace raises $5 mn

10/11/2022 5:03:07 PM | Source: IANS

Drone player Garuda Aerospace raises $5 mn

News By Tags | #8557 #6156 #6434 #8011 #572 #415

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.

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 year.

Disclaimer: The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references. To Read Complete Disclaimer Click Here

IGI Logo

Drone player Garuda Aerospace raises $5 mn

Top News

Tag News

More News