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TechEagle launches drone hubs in collaboration with healthcare institutions in eight states
Economic Times
·
9m ago
Medial
TechEagle has launched eight dedicated hubs in collaboration with healthcare institutions in India to facilitate the rapid delivery of medical supplies to underserved communities using drones. Inaugurated virtually by Prime Minister Narendra Modi, these hubs will play a crucial role in deploying essential medicines, vaccines, and diagnostic samples to remote areas. The hubs are located in various states, including Assam, Uttarakhand, and Himachal Pradesh, with plans to expand to over 200 locations in the coming year. With reduced delivery times compared to traditional ground transport, TechEagle aims to establish a nationwide drone delivery airline that can support deliveries across different sectors.
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TechEagle Partners ideaForge To Boost Its Drone Technology Stack, Drive Innovation
Inc42
·
1y ago
Medial
TechEagle has partnered with drone manufacturer ideaForge to further develop its unmanned aerial vehicle technology. The collaboration aims to create the world's largest on-demand drone logistics network, improving package delivery speed and efficiency. TechEagle brings expertise in long-range and heavy payload drones powered by AI and 5G technology, while ideaForge contributes its manufacturing capabilities. Together, the companies aim to advance indigenous drone technologies and drive innovation in the industry.
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Dronetech startup TechEagle raises bridge round
Entrackr
·
1y ago
Medial
On-demand drone delivery and logistics firm TechEagle has raised funds from Paytm founder Vijay Shekhar Sharma, Navam Capital and Inflection Point Ventures (IPV) in its bridge round. Earlier to this round, TechEagle raised $500K in its seed funding round led by India Accelerator in 2021. The bridge round, which is undisclosed, also saw participation from Venture Catalysts and a group of high-net-worth individuals. The proceeds will be used to fuel the company’s efforts to launch higher payload drones for mid-mile and inter-city deliveries, the company said in a press release. Founded in 2017 by Vikaram Singh Meena and Anshu Abhishek, TechEagle is a drone logistics startup that enables on-demand autonomous drone delivery for its clients. With a focus on beyond visual line of sight (BVLOS) drone operations, TechEagle caters to last-mile logistics in urban and semi-urban areas.
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TechEagle Bags Funds To Offer Drone Deliveries To Enterprises
Inc42
·
1y ago
Medial
TechEagle, a drone logistics startup, has raised funding in a round co-led by Navam Capital and Inflection Point Ventures. Other participants in the funding round include Vijay Shekhar Sharma, the founder of Paytm, and Venture Catalysts. The company plans to use the capital to expand its operations nationwide and develop higher payload drones for mid-mile and inter-city deliveries. Founded by IIT-Kanpur alumni Meena and Anshu Abhishek in 2017, TechEagle offers on-demand autonomous drone delivery 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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Charcoal Eats, Toonsutra, Mayhem Studios, TechEagle grab funding cheques
VCCircle
·
1y ago
Medial
Four companies, Charcoal Eats, Toonsutra, Mayhem Studios, and TechEagle, have recently received funding. Quick-service restaurant brand Charcoal Eats raised Rs 45 crore in a funding round led by Girish Patel, founder of Paras Pharma. Webtoon app Toonsutra received investment and advisory support from Gen Fukunaga, founder of Funimation. Mayhem Studios, a mobile game developer, secured funding from Lumikai. Drone delivery startup TechEagle formed a strategic alliance with unmanned vehicle manufacturer ideaForge Technology. These investments will help the companies expand operations, develop products, and enhance their technological capabilities.
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DroneAcharya announces strategic merger with AVPL
Entrackr
·
7m ago
Medial
DroneAcharya announces strategic merger with AVPL BSE-listed company DroneAcharya Aerial Innovations has signed a term sheet with AVPL International to establish a joint venture aimed at enhancing drone manufacturing capabilities in India. DroneAcharya has also approved the adoption of an Employee Stock Option Plan (ESOP) to boost employee engagement and align their interests with organizational goals. This collaboration aims to leverage the expertise of both parties to develop advanced drones for various applications, including agriculture, surveillance, and logistics. According to sources, the two companies have proposed the name 'AVPL DroneAcharya' for the merged entity. AVPL, owned by AITMC Ventures Ltd, operates in 12 states with 50 Global Incubation and Skill Hubs (GISH) and 20 World Incubation and Skill Hubs (WISH) focused on drones and agriculture. The company offers drone training, drone as a service (DaaS), drone manufacturing, and agri-input retail outlets across India. AITMC Ventures recorded 95.2% growth in operating revenue during FY24 to Rs 41.87 crore, while its profits surged 82.6% to Rs 8.84 crore during the same period. DroneAcharya made its entry into the public market in December 2022 via BSE SME. It got listed at a 90% premium followed by the upper circuit on the same day. As of January 23, 2025, the share price of the company is at Rs 110.15 a piece.
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Turno, four others secure early-stage funding
VCCircle
·
1y ago
Medial
Indian startups Turno, Vegapay, Fyllo, Gramiyaa, and TechEagle have all raised early-stage funding. Commercial electric vehicle startup Turno secured $6 million in an extended Series A funding round, while fintech startup Vegapay raised $5.5 million in a seed funding round led by Elevation Capital. Agritech startup Fyllo received $4 million in funding, cold-pressed oil maker Gramiyaa raised $1.1 million in equity and debt infusion, and drone logistics startup TechEagle secured an undisclosed amount of funding in a bridge round. Specific plans for the funds were detailed by each startup.
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Centre may allot Rs 10,000 crore for quantum computing hubs
Economic Times
·
1y ago
Medial
The Indian government is planning to allocate up to Rs 10,000 crore for establishing supercomputing and quantum computing hubs in collaboration with the private sector through public-private partnerships. These hubs will provide access to high-performance computing to startups, MSMEs, and other companies through leases or a "compute-as-a-service" model. The aim is to add 30,000 GPUs in a digital public infrastructure model, with the initial quantum computing hubs to be set up in academic institutions and government R&D centers. The announcement is expected during the Global Artificial Intelligence Summit and Awards.
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Union Minister Dharmendra Pradhan launches three AI Centres of Excellence
YourStory
·
10m ago
Medial
The Indian government has launched three AI Centres of Excellence (CoE) in New Delhi, focusing on healthcare, agriculture, and sustainable cities. The Centres will be led by educational institutions in collaboration with industry partners and startups to drive interdisciplinary research and develop AI applications and solutions in these sectors. The initiative aims to strengthen India's AI ecosystem and retain local talent to address the country's challenges. The government has allocated a budget of INR 990 crore over a five-year period for this initiative.
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Karnataka launches Digital Detox Initiative
Economic Times
·
5m ago
Medial
The Karnataka government has launched the Digital Detox Initiative (DDI) to tackle digital dependency and promote balanced technology use. The initiative, in collaboration with the All India Gaming Federation and Kahamind Healthcare, aims to reduce digital addiction through various interventions and integrate digital detox programs into mainstream healthcare. Karnataka’s IT-BT minister highlighted the importance of addressing digital addiction, while AIGF emphasized responsible gaming and industry collaboration to enhance mental well-being and responsible digital engagement.
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