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Drone tech startup Enercomp raises Rs 2 Cr in bridge round

EntrackrEntrackr · 2d ago
Drone tech startup Enercomp raises Rs 2 Cr in bridge round
Medial

Drone tech startup Enercomp raises Rs 2 Cr in bridge round Drone tech startup Enercomp Solutions has raised Rs 2 crore in a bridge round led by angel investors. The round was advised and facilitated by Bestvantage Investments, a boutique investment advisory firm that connects high-growth startups with strategic capital across India and the Middle East. The proceeds will be used to expand manufacturing, scale R&D for AI-powered drone software, and build delivery capacity for large-scale national deployments. Enercomp’s roadmap includes an Rs 8 crore strategic investment plan over the next year to strengthen its IP, product stack, and execution capabilities. Founded in Ahmedabad, Enercomp operates at the intersection of hardware, software, and services. Its integrated offerings span indigenous drone manufacturing, Drone-as-a-Service (DaaS), and a proprietary GIS analytics platform. The firm claims to have developed seven proprietary drone models, including VTOL, fixed-wing, and surveillance variants, which are actively deployed in commercial and government projects. With 70% of revenue driven by product sales, Enercomp counts Tata Projects, Reliance, Mahindra Susten, L&T, and several government agencies among its clients. Its software dashboard is used for real-time, mission-critical data analysis by enterprise and public sector clients. Enercomp claims that it grew from Rs 3.1 crore in FY23 to Rs 5.6 crore in FY24, maintaining profitability. As per the company, it has already logged Rs 4.2 crore in revenue in FY25, with an active order book of over Rs 9 crore. To date, the startup has raised Rs 6.9 crore across previous rounds and seen its valuation jump from Rs 12.5 crore to Rs 60 crore, with the founding team retaining over 80.5% equity, including a 4% ESOP pool.

Related News

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

EntrackrEntrackr · 2m ago
MS Dhoni-backed Garuda Aerospace raises Rs 100 Cr in Series B round
Medial

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.

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