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Drone Startup Yali Aerospace Bags Funding From Zoho To Deliver Medical Commodities
Inc42
·
1y ago
Medial
Zoho has invested an undisclosed sum in Yali Aerospace, a company that manufactures vertical take-off and landing (VTOL) drones. The investment will support Yali Aerospace in developing and deploying their drones, with a focus on improving healthcare delivery in rural areas of India. Yali Aerospace currently offers a VTOL drone model with a 7 kg payload and a range of 150 km/h.
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Zoho’s Sridhar Vembu backs Yali Aerospace
Entrackr
·
1y ago
Medial
Sridhar Vembu, co-founder and CEO of SaaS firm Zoho, has invested in drone startup Yali Aerospace. Founded in 2022 by Dinesh, Anugraha and Mathuravani, Yali’s drones offer easy-to-use technology for civil and military purposes. The Thanjavur-based firm specialises in providing drone solutions for medical, surveillance, and logistics globally. Some of its applications include solutions for precision agriculture, infrastructure inspection, and disaster response. Its range includes 100 kilometer with a payload of 9 kilogram and 50 kilometer with 10.5 kilogram. According to the company’s website, Yali can deliver medical commodities to any destination in India in less than 20 minutes through the Yali Network Bridge. Earlier this month, media reported that Vembu is all set to enter the chip making business, with an investment plan of around $700 million.
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SaaS unicorn Zoho invests in two manufacturing firms in India
YourStory
·
1y ago
Medial
Zoho Corporation, a Chennai-based SaaS firm, has made an undisclosed investment in manufacturing startups Karuvi and Yali Aerospace. Zoho's investment is part of its effort to bolster deeptech manufacturing capabilities in India. Karuvi is a mechatronics startup focused on manufacturing power tools within India, while Yali Aerospace creates drones for civil, military, and healthcare applications. Both startups are not only innovating in their respective fields, but also generating employment opportunities in smaller towns and villages. Zoho's investment aligns with its philosophy of promoting technological expertise and economic prosperity in the country.
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DroneAcharya Bags Order From Adani Group To Provide Drone Pilot Training
Inc42
·
1y ago
Medial
DroneAcharya, a listed drone startup, has been awarded a significant service order by the Adani Group for Directorate General of Civil Aviation (DGCA) certified drone pilot training. The contract signals the increased use of drones for mapping, monitoring, and inspection purposes within Adani Group's operations. Earlier this year, DroneAcharya secured a contract from the Indian Army for advanced drone training and partnered with Vimaan Aerospace for drone-related training and services. The startup reported significant growth, with a profit after tax of INR 3.97 Cr in the first half of FY24, compared to INR 13.09 Lakh in the previous year.
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MS Dhoni Tops Up Bet On Drone Startup Garuda Aerospace
Inc42
·
10m ago
Medial
- MS Dhoni has invested in Chennai-based drone startup Garuda Aerospace - Dhoni is the brand ambassador for Garuda Aerospace - Garuda Aerospace has a vision to make India a global drone hub by 2030 - The startup secured $22 million in Series A funding recently - Garuda Aerospace aims to sell 25,000 drones in the next 18 months - The company plans to export 10,000 drones to about 100 countries
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Drone Startup Skye Air Mobility Bags 10 Govt Contracts For Medical Supply Delivery
Inc42
·
1y ago
Medial
Skye Air Mobility, a drone delivery startup founded in 2019, has secured contracts from 10 Indian government medical institutions. The contracts enable the institutes, including several AIIMS and regional leprosy centres, to utilize drones for efficient delivery of essential medical supplies in temperature-controlled boxes. The deployment is expected to be completed in the coming weeks. Skye Air plans to expand its fleet size from 35 to 100 drones within the next six months. The Indian drone market is projected to reach $13 billion by 2030.
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DroneAcharya Bags Order From Alter Dynamics
Inc42
·
1y ago
Medial
DroneAcharya Aerial Innovations, a drone tech company, has secured a contract worth INR 53 Lakh for drones aimed at inspecting piles above water for the Abu Dhabi National Oil Company (ADNOC). The deployment of drones equipped with high-resolution sensors promises efficient and intelligent inspection solutions. DroneAcharya aims to enter the relatively untapped drone survey market in the Middle East, delivering professional services to architecture, engineering, and construction industries. Previously, DroneAcharya secured orders from the Adani Group for DGCA certified drone pilot training and signed an agreement with Vimaan Aerospace for various drone-related services.
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Marut Drones Bags $6.2 Mn From Lok Capital
Inc42
·
9m ago
Medial
Marut Drones, a Hyderabad-based startup founded in 2019, has recently secured funding to support tech-enabled food and agriculture business models. The startup also has plans to establish drone agriculture service hubs to offer Drone-as-a-Service, working in collaboration with partners. The company was founded by three IIT alumni - Prem Kumar Vislawath, Sai Kumar, and Suraj Peddi - with the aim of developing drone-based solutions for agri-intelligence and agri-automation.
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Chennai-based Garuda Aerospace launches border patrol surveillance drone named 'Trishul'
IndianStartupNews
·
1y ago
Medial
Chennai-based drone maker Garuda Aerospace has launched Trishul, a border patrol surveillance drone equipped with advanced sensors including high-definition cameras, infra-red, and radar technologies. The drone offers comprehensive monitoring capabilities for sectors such as people movement, natural disasters, and traffic management. Garuda Aerospace aims to build a sustainable drone ecosystem and has raised around $30 million in funding, including an investment from cricket legend Mahendra Singh Dhoni. Trishul provides uninterrupted access to real-time information for efficient decision-making in various scenarios.
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DroneAcharya Shares Rally 5% After Startup Bags New Contracts
Inc42
·
1y ago
Medial
DroneAcharya Aerial Innovations, a drone startup based in Pune, saw a 5% increase in its shares on the BSE SME platform after securing new contracts from the Indian defense forces. The startup received an order from the Ministry of Defence to supply IT hardware for a drone lab in Jammu and Kashmir, as well as contracts to provide drone hardware to the Northern Command and its precision mapping system to Earthtree Enviro. Founded in 2017, DroneAcharya offers drone-based enterprise solutions and has recently received accreditation from the Directorate General of Civil Aviation.
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Drone delivery startup Airbound raises $1.7 million in seed funding led by Lightspeed
Economic Times
·
8m ago
Medial
Drone technology startup Airbound has secured $1.7 million in seed funding led by Lightspeed Venture Partners. The company has developed a long-distance drone called TRT, capable of carrying up to 1.5kg of payload. Airbound aims to revolutionize logistics by leveraging its proprietary technology to reduce delivery costs. The funding will be used for further research and development as well as expanding into medical deliveries, including transporting blood samples. Airbound plans to launch its product in early 2025. The drone startup sees potential opportunities for drone delivery in the quick commerce sector, particularly in tier-II and tier-III cities in India.
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