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Startup BonV Aero drives drone innovation with support from STPI

Economic TimesEconomic Times · 8m ago
Startup BonV Aero drives drone innovation with support from STPI
Medial

Bhubaneswar-based deeptech startup BonV Aero, known for manufacturing logistics drones for the defence sector, has achieved significant growth. The startup received $1.6 million in funding from the TV show Meet the Drapers, and has also secured funding from various investors. BonV Aero owes its success in part to the support of Software Technology Parks of India (STPI), which mentored and incubated the startup. STPI is now focused on supporting technology startups outside of established hubs, aiming to democratize technology innovation and entrepreneurship. Through initiatives like Next Generation Incubation Scheme and Leap Ahead, STPI provides funding, mentorship, and networking opportunities to startups across various industries.

Aerial Logistics Drone startup BonV Aero raises INR 6 Crore Round led by Inflection Point Ventures

Startup News FYIStartup News FYI · 1y ago
Aerial Logistics Drone startup BonV Aero raises INR 6 Crore Round led by Inflection Point Ventures
Medial

Aerial logistics drone startup BonV Aero has raised INR 6 Crore in a funding round led by Inflection Point Ventures (IPV). The funds will be used to conduct client demonstrations, expand the team, and invest in research and development to enhance products and advance power plants. BonV Aero specializes in electric vehicles for goods and passenger transportation, focusing on challenging terrains like the Himalayas. The company aims to address critical needs such as defense logistics, disaster relief, and supply chain logistics. BonV Aero has already achieved recognition in various competitions and is actively conducting product trials with the Indian Army.

Garuda Aerospace to set up dedicated defence drone facility near Chennai

YourStoryYourStory · 10m ago
Garuda Aerospace to set up dedicated defence drone facility near Chennai
Medial

Drone manufacturer Garuda Aerospace plans to establish a dedicated Defence Drone facility in Chennai as part of India's 'Make in India' campaign. The facility will have state-of-the-art design, manufacturing, and testing capabilities, and will focus on developing drones with ISR capabilities, swarm drones, tethered drones, and underwater drones. Garuda Aerospace aims to produce critical drone components locally and collaborate with international companies such as Agrowing and Spirit Aeronautics. The company's founder and CEO, Agnishwer Jayaprakash, stated that the Defence Minister, Rajnath Singh, supports Garuda Aerospace's plan to contribute to Aatmanirbhar Bharat (self-reliant India).

Mobility startup Pumpumpum raises Rs 2 Cr led by IPV

EntrackrEntrackr · 1y ago
Mobility startup Pumpumpum raises Rs 2 Cr led by IPV
Medial

Fintech mobility startup Pumpumpum has raised Rs 2 crore in a new round led by Inflection Point Ventures (IPV). Previously, the startup had raised $2 million in equity from LC Nueva Investment Partners, Founders Room Capital, LetsVenture and others in June 2022. The proceeds will be used for growth in operations, geographical reach, technological advancements, marketing endeavors and overall organizational development. Founded in 2018 by Tarun lawadia and Sameer Kalra, PumPumPum works in B2B2C & B2C pre-owned car leasing model. It offers a subscription-based platform that prioritizes consumer convenience, flexibility, and affordability. Through the integration of technology and data analytics, the firm delivers an easy and personalized experience for accessibility and convenience. Earlier this month, IPV invested in edtech startup MyCaptain in its Rs 14 crore (approximately $1.7 million) new round. Its recent investments include BonV Aero, AllTrak, Onedioss, among others.

Aerospace components manufacturer JJG Aero raises $12M in funding from CX Partners

IndianStartupNewsIndianStartupNews · 1y ago
Aerospace components manufacturer JJG Aero raises $12M in funding from CX Partners
Medial

Bengaluru-based aerospace components manufacturer JJG Aero has secured $12 million in funding from CX Partners. The funds will be used to expand the company's manufacturing capacity and support other corporate initiatives. JJG Aero specializes in manufacturing high-precision machined components for the commercial aerospace, automotive, and industrial segments. The company has experienced significant growth in recent years, and the investment will help it meet the rising demand in the aerospace supply chain. CX Partners believes that aero-parts and component manufacturing is an emerging segment in India's manufacturing outsourcing story and sees JJG Aero well-positioned to capitalize on the opportunities.

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