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Drone startup Garuda Aerospace's patent count touches 20

Economic Times

Economic Times · 8m ago

Drone startup Garuda Aerospace's patent count touches 20

Drone startup Garuda Aerospace has been granted 20 patents, six of which are international, for their agriculture drone solutions. These solutions cover a wide range of functions including mapping, surveying, spraying, inspections, crop health monitoring, and more. The remaining patents cover various applications such as underwater drones for inspections, health inspections, surveillance drones, medicare delivery drones, and more. These patents establish Garuda Aerospace as a global leader in drone technology and will help drive India's emergence as a drone hub. The company plans to expand operations into developed countries with stringent standards and regulations.

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MS Dhoni backed Garuda Aerospace bags 400 Agri Kisan drone orders from IFFCO

Economic Times

Economic Times · 2y ago

MS Dhoni backed Garuda Aerospace bags 400 Agri Kisan drone orders from IFFCO

MS Dhoni backed drone manufacturer Garuda Aerospace said on Tuesday it has secured an order of 400 Agri Kisan Drones from Indian Farmers Fertilizer Cooperative Limited (IFFCO). This takes Garuda Aerospace's order book tally to 10,000 drones for this year within the first three months, it said in a statement.

Garuda Aerospace to set up dedicated defence drone facility near Chennai

YourStory

YourStory · 11m ago

Garuda Aerospace to set up dedicated defence drone facility near Chennai

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).

Garuda Aerospace secures orders for 500 Kisan drones under NaMo Drone Didi initiative

Thehindubusinessline

Thehindubusinessline · 1y ago

Garuda Aerospace secures orders for 500 Kisan drones under NaMo Drone Didi initiative

Chennai-based drone company Garuda Aerospace has received an order worth ₹20 crore for 500 Garuda Kisan Drones from ten major fertiliser companies participating in the NaMo Drone Didi scheme. The drones will be provided to self-help groups to aid in the spraying of fertilisers and pesticides. The Garuda Kisan Drones are equipped with advanced technologies such as AI, ML, and GPS sensors, providing farmers with accurate and real-time information about their crops. The drones can increase crop yield by 60% and reduce crop loss by 20%. Garuda Aerospace has trained over 185 rural women under the NaMo Drone Didi scheme and is preparing for an IPO in 2024.

MS Dhoni Tops Up Bet On Drone Startup Garuda Aerospace

Inc42 · 10m ago

MS Dhoni Tops Up Bet On Drone Startup Garuda Aerospace

- 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

MS Dhoni-backed Garuda Aerospace raises Rs 100 Cr in Series B round

Entrackr

Entrackr · 4m ago

MS Dhoni-backed Garuda Aerospace raises Rs 100 Cr in Series B round

MS Dhoni-backed Garuda Aerospace raises Rs 100 Cr in Series B round Drone technology startup Garuda Aerospace has raised Rs 100 crore ($11.6 million) in its Series B funding round led by Venture Catalysts (VCAT) at a post-money valuation of $250 million. Previously, the firm had raised $22 million in its Series A round led by Venture Capital firm SphitiCap in February 2023. The fresh proceeds will be used to scale up drone manufacturing, enhance production capabilities, and complete an R&D and testing center focused on defense drone technology. Founded in 2015 by Agnishwar Jayaprakash, Garuda has grown to a team of over 200 members and manufactures 30 drone types while offering 50 services. Garuda currently holds over 20 patents and operates a fleet of over 400 drones with 500 trained pilots across 84 cities. It serves clients including government agencies and major corporations such as TATA, Reliance, and Adani. It has also partnered with global companies like Lockheed Martin and Elbit Systems. As per TheKredible, Garuda Aerospace’s revenue from operations grew by 2.3X to Rs 110 crore in FY24 from Rs 47 crore in FY23. Its net profit reached Rs 16 crore in FY24, a 2.7X increase from Rs 6 crore in the previous year. Garuda competes with the likes of ideaForge, Aarav Unmanned Systems, Throttle Aerospace Systems, General Aeronautics, and Omnipresent Robot Tech in the drone manufacturing and drone-as-a-service (DaaS) segment across defense, agriculture, and industrial applications.

Garuda Aerospace set to spreads wings in Sri Lanka

Economic Times

Economic Times · 1y ago

Garuda Aerospace set to spreads wings in Sri Lanka

Drone startup Garuda Aerospace is expanding its operations in Sri Lanka as part of its Global Garuda initiative to increase its presence in 50 countries. The company chose Sri Lanka due to its developing drone policies and a government focus on technology in agriculture and industries. Garuda Aerospace aims to provide precision agricultural drones and also focus on homeland security and defense. The company has onboarded a local partner and plans to start deploying drones soon. Garuda Aerospace is also planning to expand to the US and Europe and hopes to manufacture critical components in the countries it expands to.

MSD backed Garuda Aerospace raises ₹100 cr, hits $250 mn valuation

Inshorts · 4m ago

MSD backed Garuda Aerospace raises ₹100 cr, hits $250 mn valuation

Chennai-based Garuda Aerospace secured ₹100 crore in Series B funding led by Venture Catalysts, boosting its valuation to $250 million. Founded by Agnishwar Jayaprakash, the drone innovator plans to expand IP assets, launch a new design hub, and strengthen indigenous UAV capabilities. With MS Dhoni as brand ambassador, Garuda aims to impact one billion lives through drone technology.

Garuda Aerospace signs pact with French Thales to promote drone ecosystem | Mint

Livemint

Livemint · 1y ago

Garuda Aerospace signs pact with French Thales to promote drone ecosystem | Mint

French aerospace company Thales has signed a preliminary agreement with drone manufacturer Garuda Aerospace to support the growth of the drone industry in India. Thales will contribute its expertise in unmanned traffic management solutions and UAV detection, while Garuda will bring its manufacturing capabilities. The collaboration aims to advance the development of technological solutions that facilitate safe and secure drone operations and promote the use of drones in various applications in India.

Chennai-based Garuda Aerospace launches border patrol surveillance drone named 'Trishul'

IndianStartupNews

IndianStartupNews · 1y ago

Chennai-based Garuda Aerospace launches border patrol surveillance drone named 'Trishul'

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.

Garuda Aerospace donates Rs 1 Crore worth of kisan drones to Kaushalya Skill University in Gujarat

OutlookIndia

OutlookIndia · 1y ago

Garuda Aerospace donates Rs 1 Crore worth of kisan drones to Kaushalya Skill University in Gujarat

Garuda Aerospace has signed an MoU with Kaushalya - The Skill University to enhance drone technology education in India. As part of the agreement, Garuda Aerospace will provide 10 small category agricultural drones worth Rs 1 crore to the university for specialized training programs in agriculture. The company will also offer mentorship support and placement assistance to students and start-ups affiliated with the university. Garuda Aerospace, known for its drone manufacturing, plans to raise a pre-IPO round by January and go public by June or July next year.

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