Backed by the Cricket MS Dhoni player, Garuda Aerospace is the first drone company to obtain DGCA approval for type certification and the remote pilot training organization. | Photo credit: special arrangement
The drone startup based in Chennai Garuda Aerospace has raised ₹ 100 million rupees in its financing round of the Catalyst Series of Venture (Vcats ++), at an assessment of $ 250 million.
Agishwar Jayaprakash, founder and CEO of Garuda Aerospace, said The Hindu That the funds will also be assigned to expand their current production installation and the rapid monitoring of the completion of a avant -garde testing and test center dedicated to the advanced defense drones design.
He added: “We currently have a 24,000 square feet installation and we are in the expansion process with additional 35,000 square feet. Construction work has already begun.” Hello, he also pointed out that the current capacity of the installation allows the production of 8,000 to 10,000 drones annually, a number that will now double with the new capital infusion.
Mr. Jayaprakash also declared that the company also plans to manufacture drone components. Currently, about 40-45% of the components are obtained externally. However, for June-July, the company aims to achieve an indigenous production of 85% for its drones.
Ranjan Sharma, co -founder and managing director of Catalysts de Venture, said: “This investment is closely aligned with our strategy of supporting local champions that the potential to transform India technology and create significant significant.” “”
Founded in 2015 with a team of five, Garuda Aerospace has become a startup with about 200 employees. It now has the largest drone fleet in India, which consists of more than 400 drones and 500 pilots operating in 84 cities. Garuda Aerospace manufactures 30 types of drones and sacrifices 50 types of services. Companies clientele includes Tata, Godrej, Adani, Reliance, Swiggy, Flipkart, Delhivering, L&T, Survey of India, Sail, NTPC, IOCL, Smart Cities, Intel, Amazon, Wipro, Mit Boston and Nhai for Vari. The company was recently associated with global giants such as Lockheed Martin, Cognizant and Elbit Systems.
Backed by the Cricket MS Dhoni player, Garuda Aerospace is the first drone company to obtain DGCA approval for type certification and the remote pilot training organization.
Published – April 16, 2025 01:08 pm ist