11-10-2022 05:03 PM | Source: IANS
Drone player Garuda Aerospace raises $5 mn
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.
Latest News
Evening Roundup : A Daily Report on Bullion Energy &...
Sensex jumps 253 points after robust Q4 earnings
ABANS Holdings Limited declares its financial result...
Daily Market Analysis : The market edged higher, con...
Samco MF introduces Special Opportunities Fund
Economic priorities will have to align with our stra...
Paytm travel carnival offers deals on domestic fligh...
India`s SAIL keenly watching Chinese steel imports p...
India`s Mahindra & Mahindra jumps most in over three...
Space data fuels India`s farming innovation drive