Arctus Aerospace raises $2.6 Mn in pre-seed round

Arctus Aerospace, an aerospace company, has raised $2.6 million in a pre-seed funding round from Version One Ventures, South Park Commons, gradCapital and angels, including Balaji Srinivasan and Srinivas Narayan of OpenAI.

Arctus was also selected for the South Park Commons Founder Fellowship earlier this year.

Read also- Enerzi secures Rs 16.5 Cr in seed round led by Capital-A

Shreepoorna S Rao, Founder and CEO, Arctus Aerospace, said, “Our mission is to eliminate all ground infrastructure required to monitor, inspect, or understand the planet on centimetre level resolution. By flying large unmanned aircraft at high altitudes for long durations, we are building the foundation for true zero-infrastructure Earth intelligence. When executed, will kill satellite-based commercial Earth observation.”

Boris Wertz, Founding Partner, Version One Ventures, said, “Arctus is developing high-altitude aviation capability that can redefine how high-value sensing and Earth observation are delivered. Their engineering depth and vision for zero-infrastructure intelligence make it a new market creation product which can unlock a lot of value for commercial players.”

Aditya Agarwal, General Partner, South Park Commons, said, “Building a company like Arctus takes a rare combination of audacity, fearlessness, creativity and the will to succeed. These are the qualities that we saw in Shree from the early days at SPC and why we are so excited to be his partner in this adventure. We have a real chance here to make a dent in the universe.”

About Arctus Aerospace

Founded in 2023 by Shreepoorna S Rao, Arctus Aerospace develops high-altitude autonomous aircraft for earth observation. Their large unmanned planes can fly up to 45,000 feet for 24 hours, carrying a 250 kg payload, and provide real-time geospatial data.

The company is building a full-stack manufacturing and engineering setup to support these platforms, which can carry SAR, hyperspectral, optical, EO, and IR sensors. What normally costs $10,000 to image 500 sq km can now be done for around $500, making it useful for energy, infrastructure, climate, and security sectors.

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Currently, Arctus operates aircraft flying above 10,000 feet with centimetre-level accuracy and real-time data capabilities. All aircraft manufacturing, testing, and operations are based in its 25,000 sq. ft. facility in Bangalore.

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