Monday, February 26, 2024
HomeInsight Drone startup EndureAir Systems raises 13.5 Cr in seed round

[Funding alert] Drone startup EndureAir Systems raises 13.5 Cr in seed round

[Funding alert] Drone startup EndureAir Systems raises 13.5 Cr in seed round
Prof. Abhishek, Rama Krishna, Chirag Jain and Prof. Mangal Kothari founders of EndureAir Systems

Drone startup EndureAir Systems has raised Rs 13.5 Crore in its seed funding round from Jalaj Dani, (co-promoter Asian Paints).

Robotics startup Addverb Technologies also participated in this round.

The startup plans to use the funds for its expansion and for scaling up manufacturing. It will also use the new capital to drive innovation and meet the demand for drones with heavy payload capacity.

Read also – [Funding alert] Cybersecurity platform BugBase Raises $500K in funding Led By 2am VC, others

The Noida-based EndureAir Systems was founded in 2019 by Prof. Abhishek, Prof. Mangal Kothari, Rama Krishna and Chirag Jain, It provides UAS/RPAS solutions by performing a wide range of functions such as border surveillance, logistics and drug delivery, aerial mapping, crowd monitoring, ISR applications, providing situational awareness.

“This funding round will give an impetus to EndureAir’s momentum by scaling up its operations and innovating further by pushing the capabilities of the current designs,” said, Rama Krishna, co-founder, and CEO of EndureAir.

The startup claims to have delivered over 10 products and holds 5 patents in the area of ​​vertical takeoff and landing technology.

It has so far collaborated with government agencies like Defense Research and Development Organization (DRDO), National Disaster Response Force (NDRF), Uttar Pradesh Police, Hindustan Aeronautics Limited (HAL), and others.

The startup has client companies such as Mitsubishi Heavy Industries, Zen Technologies, Delhivery, and among others.

Read also – [Funding alert] Neobanking platform Niyo raises $30 mn in funding

“This investment strengthens EndureAir System’s commitment to delivering world-class, innovative, high-performance UAV solutions to Indian customers quickly. The investment would be used to expand our product line-up to meet the futuristic demand for heavier payload capacity UAVs,” said, Abhishek, founder and director of EndureAir Systems.

“It complements our continuing commitment to robotics space which we identified as a thrust area about 5 years ago. Keeping with our honourable Prime Minister’s vision of ‘Atmanirbhar Bharat’, supporting and strengthening locally grown talent in unmanned aviation would open unparalleled opportunities for applications of drones by virtue of its economies,” a spokesperson of Jalaj Dani Family Office said.

Read also – [Funding alert] Premium cocktail brand O’ Be Cocktails raises Rs 3.5 Cr

About EndureAir Systems

EndureAir Systems is an unmanned aviation technology company focused on providing world class aerial robotic solutions suited for Indian market.

The company covers the entire gamut of unmanned aircraft system (UAS) research and development, including novel airframes, autopilots, communication framework, monitoring stations and artificial intelligence (AI) tools.


- Advertisment -

Most Popular

- Advertisment -

Also Read

- Advertisment -