Drone Startup BonV Aero Raises Rs 10 Cr Funding From Unicorn India Ventures

US Venture capitalist Tim Draper-backed drone manufacturing startup BonV Aero has raised Rs 10 crore in its extended pre-Series A round from Unicorn Indian Ventures.

The startup plans to use the new funds to grow its research and development and improve the capabilities of its aerial mobility products.

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Satyabrata Satpathy, Founder and CEO of BonV Aero, said, "Securing support from investors like Unicorn India Ventures reflects our team's efforts and the potential of our technology. This funding will help advance our research in eVTOL and autonomous drone technologies for defence, logistics, and emergency response."

"We invest in entrepreneurs developing new technologies. BonV Aero's work in eVTOLs and unmanned aerial systems can impact logistics, supply chain management and defence applications.The investment aligns with Odisha's growing focus on emerging technologies and innovation-driven industries. It highlights the region's potential in aerospace and defence sectors," said, Bhaskar Mazumdar, Founder and Managing Partner, Unicorn India.

The platform, recently chosen to join the UK Ministry of Defence's Unmanned Aerial Systems Heavy Lift Capability (UASHLC) Framework, designs and makes high-payload eVTOLs (electric vertical takeoff and landing) and self-flying drones.

BonV Aero had previously received funding from Draper, a well-known investor in companies like Tesla and Microsoft.

About BonV Aero

Founded in 2021 by Satyabrata Satapathy, Abinash Sahoo, Rahul Kumar, Gaurav Achha and Sultan Alam, the Odisha-based BonV Aero makes electric vertical take-off and landing (eVTOL) aircraft to improve aerial mobility for logistics.

The startup says its drones can carry up to 35 kg and fly as high as 13,800 ft. These vehicles have a 5 km range and can fly on their own, so a certified copilot isn’t needed. The Indian Army also uses BonV Aero’s eVTOL aircraft for high-altitude logistics.

The startup also offers different pods that can be attached to its vehicles for various uses, like transporting supplies, ammunition or for casualty evacuation.

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