<ul><li>The company says that it enjoys a 55% market share in the $3 billion precision agri drone industry.</li><li>Fresh capital infusion to help accelerate its growth plans as demand for these drones in the agri sector is increasing.</li><li>The overall drone industry, estimated at $7 billion, continues to experience healthy growth. </li></ul> <keyword id="4610420" type="General" weightage="100" keywordseo="garuda-aerospace" source="Orion">Garuda Aerospace</keyword>, a drone startup backed by former Indian cricket captain Mahendra Singh Dhoni, has successfully raised ₹25 crore in a fresh bridge round of funding. The funding round was led by <keyword id="3189966" type="General" weightage="20" keywordseo="venture-catalysts" source="Orion">Venture Catalysts</keyword>, India's first integrated incubator and a leading investor for early-stage startups, and <keyword id="17772580" type="General" weightage="20" keywordseo="wefoundercircle" source="Orion">WeFounderCircle</keyword>. Several prominent investors, including Hems Angels, San Angels, Peaceful Progress Funds, etc. also participated in the funding round. The Founder CEO of Garuda Aerospace, <keyword id="6037355" type="General" weightage="50" keywordseo="agnishwar-jayaprakash" source="Orion">Agnishwar Jayaprakash</keyword>, said that the fresh capital infusion would play a crucial role in accelerating the company's growth and enhancing its capabilities to meet the increasing market demand. With the backing of investors and the endorsement of <keyword id="6354832" type="General" weightage="50" keywordseo="ms-dhoni" source="Orion">MS Dhoni</keyword>, Garuda Aerospace is confident in its mission to revolutionise the drone technology sector in India. Apoorva Ranjan Sharma, Founder and Managing Director at Venture Catalysts, said that the company's commitment to delivering cutting-edge drone solutions and its impressive market share in the Precision Agri Drone industry make it an important player in the sector. The investment will help the startup come up with new use cases for unmanned aerial vehicles in different sectors. This will benefit India's tech ecosystem and agriculture industry. The funds raised in this bridge round will primarily be used to address the sudden demand for drone solutions. Garuda Aerospace plans to allocate the funds towards working capital requirements, ensuring the execution of the IFFCO drone order, and fulfilling pre-booked orders from numerous dealers across the country. The company recently achieved remarkable milestones, including a strategic partnership with IFFCO for a drone order of 400 units and an impressive pre-booking of 10,000 drones from 700 dealers nationwide. These developments have led to a surge in demand for Garuda Aerospace's innovative drone solutions. Founded in 2015 by Agnishwar Jayaprakash, Garuda Aerospace is making a name in the drone industry with its asset-light, recession-proof, and unit-economic-focused business model. The company designs and manufactures precision agriculture drones. With a solid order book and a first-mover advantage in the agricultural drone segment, the company says that it enjoys a 55% market share in the $3 billion precision agri drone space. It is noteworthy that the overall drone industry, estimated at $7 billion, continues to experience remarkable growth. The successful capital raise in this latest round of funding positions Garuda Aerospace for further growth and expansion in the drone technology sector. With the support of investors and the endorsement of MS Dhoni, the company is well-positioned to continue its mission of revolutionising the drone industry in India.

Dhoni backed Garuda Aerospace raises ₹25 crore from Venture Catalysts and WeFounderCircle

Drone-as-a-Service (DaaS) player <keyword id="4610420" type="General" weightage="100" keywordseo="garuda-aerospace" source="Orion">Garuda Aerospace</keyword> on Monday said it has raised $22 million as Series A funding. According to Garuda Aerospace, the funding round was led by <keyword id="6357097" type="General" weightage="50" keywordseo="venture-capital" source="Orion">Venture Capital</keyword> firm <keyword id="15395438" type="General" weightage="80" keywordseo="sphiticap" source="Orion">SphitiCap</keyword> which invested $12 million along with participation from other global investors, angel investors and high net worth individuals (<keyword id="50379" type="General" weightage="50" keywordseo="hni" source="Orion">HNI</keyword>) at $5 million. Another $5 million in funding from an infra-development company, a group of HNIs and angel investors from <keyword id="3658" type="General" weightage="20" keywordseo="india" source="Orion">India</keyword>, <keyword id="6358356" type="General" weightage="20" keywordseo="uae" source="Orion">UAE</keyword> and Singapore was secured by the startup earlier. The company will use the funds raised for scaling up and research and development for building advanced drone solutions for the armed forces in collaboration with global companies for the defence and aerospace sector. The funds will also be used for the skilling and training of drone pilots and help create employment with deepening its footprints in <keyword id="142845" type="General" weightage="50" keywordseo="tier-ii" source="Orion">Tier II</keyword> and III cities. Speaking on the funding <keyword id="6037355" type="General" weightage="50" keywordseo="agnishwar-jayaprakash" source="Orion">Agnishwar Jayaprakash</keyword>, Founder and CEO said: "Garuda Aerospace aims to sell 25,000 drones in the next 18 months and is looking forward to exporting 10,000 drones to about 100 countries in the next 15 months." Pallav <keyword id="255172" type="General" weightage="50" keywordseo="kumar-singh" source="Orion">Kumar Singh</keyword>, Managing Partner, SphitiCap said: "Given the evolving preferences and horizontal expansion with the usage of drones in several sectors, there is a vision of promising growth beneficial for both companies. With this, drones will be playing a major in nearly every sector in the future." SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/finance/news/rupee-falls-17-paise-to-82-75-against-us-dollar/articleshow/97854523.cms">Rupee falls 17 paise to 82.75 against US dollar</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/thelife/news/with-millet-kulhads-you-can-now-drink-your-tea-eat-the-cup-too/articleshow/97853752.cms">With millet kulhads, you can now drink your tea &amp; eat the cup too</a>

Drone player Garuda Aerospace raises $22 mn from SphitiCap & others

<ul><li><keyword id="6354787" type="General" weightage="80" keywordseo="dgca" source="Orion">DGCA</keyword> has issued the <keyword id="973758" type="General" weightage="80" keywordseo="type-certification" source="Orion">Type Certification</keyword> for the Kisan or farmer drones made by <keyword id="4610420" type="General" weightage="100" keywordseo="garuda-aerospace" source="Orion">Garuda Aerospace</keyword>.</li><li>Garuda Aerospace also said it has an order book of 5,000 drones.</li></ul>The Directorate General of Civil Aviation (DGCA) has issued the Type Certification for the Kisan or farmer drones made by Garuda Aerospace, the company said. Garuda Aerospace also said it has an order book of 5,000 drones. According to Garuda Aerospace, the DGC Type Certification is provided on the basis of the quality check of the drones and is issued after a rigorous testing process for the unmanned aerial vehicles (UAV). The Type certification was introduced by the Indian government in August 2021 under Drone Rules. Following the Type Certification for the GA-AG model, Garuda Kisan Drone - priced at Rs.4.50 lakh- is now eligible for Rs.10 lakh unsecured loan from Agri Infrastructure Fund at five per cent and 50-100 per cent subsidy from the Government of India. "We are powered and blessed with strong demands of manufacturing 5,000 drones in the next five months catering to many opportunities. With receiving approvals we are certain that the necessary utilization of skills with significant sector growth will be seen," <keyword id="6037355" type="General" weightage="50" keywordseo="agnishwar-jayaprakash" source="Orion">Agnishwar Jayaprakash</keyword>, Founder and CEO, Garuda Aerospace said. The company is also a DGCA authorised Remote Pilot Training Organisation (RPTO) to train people to operate drones. SEE ALSO: <a href="https://www.businessinsider.in/tech/apps/news/this-app-wants-to-pay-you-to-share-your-data-for-advertising/articleshow/96418063.cms">This app wants to pay you to share your data for advertising</a> <a href="https://www.businessinsider.in/tech/news/apple-expands-end-to-end-encryption-to-icloud-in-a-bid-to-make-it-safer-for-vulnerable-profiles-like-celebrities-activists-or-journalists/articleshow/96080515.cms">Apple expands end-to-end encryption to iCloud in a bid to make it safer for vulnerable profiles like celebrities, activists, or journalists</a>

DGCA approves Garuda Aerospace's Kisan drone

City-based drone-as-a-service company <keyword id="4610420" type="General" weightage="100" keywordseo="garuda-aerospace" source="Orion">Garuda Aerospace</keyword> said that has raised $5 million from a large infrastructure development company, high-net-worth individuals and angel investors. With the acquired funds, Garuda Aerospace will focus on building advanced drone solutions for the armed forces in collaboration with global giants from the defence and aerospace sectors, the company said on Thursday. Garuda Aerospace has inked long-term partnerships with <keyword id="112859" type="General" weightage="50" keywordseo="lockheed-martin" source="Orion">Lockheed Martin</keyword>, Elbit Systems, the <keyword id="75850" type="General" weightage="50" keywordseo="indian-institute-of-science" source="Orion">Indian Institute of Science</keyword>, IIT-M, and <keyword id="5754203" type="General" weightage="50" keywordseo="mit-boston" source="Orion">MIT Boston</keyword>. According to <keyword id="6037355" type="General" weightage="50" keywordseo="agnishwar-jayaprakash" source="Orion">Agnishwar Jayaprakash</keyword>, Founder and CEO of Garuda Aerospace the company has had an order book position for three years. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/corporates/news/paytms-lending-and-merchant-businesses-drive-revenue-growth-in-q2-low-penetration-offers-headroom-for-growth-say-analysts/articleshow/95423464.cms">Paytm's lending and merchant businesses drive revenue growth in Q2 – low penetration offers headroom for growth say analysts</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/auto/news/ioniq5-to-be-hyundais-first-model-for-india-under-new-platform/articleshow/95425938.cms">IONIQ5 to be Hyundai's first model for India under new platform</a>

Drone player Garuda Aerospace raises $5 mn

Former India cricketer Mahendra Singh Dhoni-backed drone maker <keyword id="4610420" type="General" weightage="80" keywordseo="garuda-aerospace" source="Orion">Garuda Aerospace</keyword> has launched its first-ever film 'Kheton Ke Kaptan', aimed at encouraging youth and farmers to lead in their respective farms. Conceptualized by <keyword id="172047" type="General" weightage="100" keywordseo="garuda" source="Orion">Garuda</keyword> Aerospace's and jointly produced with Dhoni Entertainment Private Limited, the film 'Kheton Ke Kaptan' illustrates the need of farmers in their daily lives and how Garuda drones can help farmers with pesticide spraying, surveillance, and mapping while saving water and time. <keyword id="4185130" type="General" weightage="50" keywordseo="cricketer-dhoni" source="Orion">Cricketer Dhoni</keyword> is an ambassador-cum-investor in the low-cost drone manufacturer. Besides providing drone training, subsidies and loans to procure drones will also be provided to youth and farmers. "Farmers are the heroes of our nation and we at Garuda Aerospace have been committed to designing drones that help farmers spray pesticides altogether and make their lives easier <keyword id="10138" type="General" weightage="50" keywordseo="mahendra-singh-dhoni" source="Orion">Mahendra Singh Dhoni</keyword>, the brand ambassador of Garuda Aerospace and former Captain of the Indian Cricket team salutes the farmers as they are the future," said, Agnishwar Jayaprakash, Founder and CEO, Garuda Aerospace, told ANI. "The brand film Kheton Ke Kaptan highlights how farmers can enhance their quality of living and farming by using <keyword id="15965285" type="General" weightage="50" keywordseo="garuda-kisan-drones" source="Orion">Garuda Kisan Drones</keyword>," Jayaprakash added. Notably, Garuda Aerospace recently became the first-ever drone company to get dual DGCA approvals for both drone manufacturing type certificate and RTPO. Starting in 2015, the company has already made a significant mark on the drone industry with the Drone-As-A-Software aggregator. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/nadella-advocates-using-tech-to-drive-inclusivity-and-making-a-difference-says-microsoft-very-committed-to-india/articleshow/96730670.cms">Nadella advocates using tech to drive inclusivity and 'making a difference', says Microsoft 'very committed' to India</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/news/asus-rog-launches-its-2023-gaming-laptops-with-improved-nebula-display-and-cooling-to-enhance-your-gaming-experience/articleshow/96731762.cms">Asus ROG launches its 2023 gaming laptops with improved Nebula display and cooling to enhance your gaming experience</a>

MS Dhoni-backed drone firm Garuda Aerospace launches farmers-focused film

Integrated drone manufacture and drone-as-a-service (DAAS) provider <keyword id="4610420" type="General" weightage="20" keywordseo="garuda-aerospace" source="Orion">Garuda Aerospace</keyword> Pvt. Ltd has deployed its <keyword id="94769" type="General" weightage="20" keywordseo="drones" source="Orion">drones</keyword> in Assam to support the state disaster management department's rescue efforts amid the ongoing floods and landslide situation. The drones are being used to deliver emergency food and medicines packets to survivors and victims, Agnishwar Jayaprakash, Founder and CEO of Garuda Aerospace said. Garuda Aerospace has an advanced fleet management software which will also be used in the rescue efforts. SEE ALSO: <a href="https://www.businessinsider.in/tech/apps/news/google-has-termed-slice-as-a-harmful-app-recommending-users-to-uninstall-it/articleshow/92429265.cms">Slice payments app spies on photos, audio records and call history, says Google</a> <a href="https://www.businessinsider.in/business/auto/news/tata-nexon-ev-fire-government-orders-probe-into-the-incident/articleshow/92428840.cms">Tata Nexon EV fire: government orders probe into the incident</a>

Garuda Aerospace drones are delivering food and medicine in flood-hit Assam

<ul><li><keyword id="4610420" type="General" weightage="80" keywordseo="garuda-aerospace" source="Orion">Garuda Aerospace</keyword> announced the launch of a new camera drone named <keyword id="15210165" type="General" weightage="100" keywordseo="droni" source="Orion">Droni</keyword>, in partnership with its investor and brand ambassador, <keyword id="6354832" type="General" weightage="80" keywordseo="ms-dhoni" source="Orion">MS Dhoni</keyword>. </li><li>The new drone is aimed at consumers and fit for surveillance purposes, the company said, noting that it will be available for purchase towards the end of 2022. </li><li>It also announced the launch of <keyword id="13082809" type="General" weightage="50" keywordseo="kisan-drone" source="Orion">Kisan Drone</keyword> aimed at farmers who want to spray pesticides. </li></ul>Former India cricket captain <keyword id="10138" type="General" weightage="50" keywordseo="mahendra-singh-dhoni" source="Orion">Mahendra Singh Dhoni</keyword> has partnered with Garuda Aerospace, a Chennai-based drone company to launch a new camera drone – called Droni – aimed at consumers. The new drone from Garuda that is banking on <keyword id="6397" type="General" weightage="80" keywordseo="dhoni" source="Orion">Dhoni</keyword>’s name sports a quadcopter design, useful for surveillance and will be available for purchase towards the end of 2022. The company has not revealed any details about its features or price yet. Apart from Droni, Garuda Aerospace also announced another drone aimed at farmers. Named Kisan Drone, it is a battery-powered device that can spray pesticides over a 30-acre land area per day. “Our Droni drone is indigenous and can be used for different surveillance purposes. It is efficient, seamless and high quality from a tech and build standpoint,” the company’s founder and CEO Agnishwar Jayaprakash said, without divulging the specifications of the product. It is worth noting that Dhoni is also an investor in the company, and its brand ambassador. Besides these two drones, Garuda Aerospace has several others already available for purchase, with each one of them aimed at addressing different needs like surveillance, mapping, solar panel cleaning, agricultural seeding, and an inspection drone – which is in use in Telangana. Garuda Aerospace has partnerships and contracts worth $1.2 billion and its clients include the <keyword id="6354416" type="General" weightage="50" keywordseo="indian-army" source="Orion">Indian Army</keyword>, MapyMyIndia and Swiggy, among others. Founded in 2015, the company was reported to be raising $30 million in Series A funding in June this year at a valuation of $250 million. Besides Dhoni, it counts Canada-based investment firm Ocgrow Ventures amongst its investors. SEE ALSO: <a href="https://www.businessinsider.in/business/telecom/news/telecom-sector-to-ring-in-stability-in-q2-jio-and-airtel-expected-to-grow-stronger-vi-weaker/articleshow/94709309.cms">Telecom sector to ring in stability in Q2 – Jio and Airtel expected to grow stronger, Vi weaker</a> <a href="https://www.businessinsider.in/finance/news/paytm-reports-an-increase-of-over-21-in-average-loan-ticket-size/articleshow/94753614.cms">Paytm reports an increase of over 21% in average loan ticket size</a> <a href="https://www.businessinsider.in/finance/banks/news/banks-to-reap-rewards-of-interest-rate-hikes-in-q2-earnings/articleshow/94706875.cms">Banks to reap rewards of interest rate hikes in Q2 earnings</a>

MS Dhoni launches camera drone Droni in partnership with Garuda Aerospace

Drone-as-a-Service (DAAS) provider Garuda Aerospace will soon start spraying anti-locust pesticide in several parts of Uttar Pradesh, including Noida near Delhi, said a top company official. "We have got the order to deploy five drones for anti-locust operations from <keyword id="9479061" type="COMPANY" weightage="20" keywordseo="banda-university-of-agriculture-technology">Banda University of Agriculture &amp; Technology</keyword>, Uttar Pradesh. We will be sending 10 pilots for operating the drones. The mandate is to deploy the drones for a total of 50 hours at the locations specified by the University," Agnishwar Jayaprakash, Managing Director of city-based Garuda Aerospace, told IANS. He said the company has already deployed its drones in Rajasthan in <keyword id="9446117" type="UNKNOWN" weightage="20" keywordseo="locust-control-operations">locust control operations</keyword>. "This is the first time drones are being used in locust control measures in India. It is a new case scenario," Jayaprakash said. According to him, there are two methods of spraying the pesticide -- one by flying above the swarm of locust and spraying on them and the other is to spray the pesticide beforehand on the areas where the locusts are expected to land. He said the state government agencies predict the flight path of the locust and give us one/two days notices on the location where the drones are to be used. Sometimes the notice is very short. Jayaprakash said the locust hit percentage is about 70 per cent as per the state government officials. "Unlike bees that attack an adversary, locusts swarm does not attack drones. Perhaps they see it as a big bird, their enemy and avoid. Their main purpose is to eat, procreate and fly," Jayaprakash said. According to him, the Banda University order will be executed in three/four days as the total 50 hours of flying can be completed by the five drones in that time. "The five drones will be flown by air on Monday," he added. Garuda Aerospace has been carrying out drone based anti-coronavirus sanitation orders from several municipal corporations and smart cities like <keyword id="6357203" type="LOCATION" weightage="20" keywordseo="Varanasi">Varanasi</keyword>, Rourkela, Raipur, Chennai and Hyderabad. "While the government contracts for anti-coronavirus sanitation orders have been completed, the corporate sector has started using our services. And now the orders are for locust control operations," Jayaprakash added. According to him, the Covid-19 pandemic and locust attack has increased the focus on drones and their use. Apart from spraying anti-coronavirus disinfectants, drones were used by police in Tamil Nadu to monitor the lockdown violators. Jayaprakash said Garuda Aerospace has manufactured and serviced drones for several government departments in Tamil Nadu, like forests, electricity, police, mining, agriculture, Indian Coast Guard and others. "Already drones are being used for spraying pesticides, weedicides and liquid fertiliser on farms and is also used for monitoring of pipelines and surveillance and now for locust control operations," Leo Peter Charles, Managing Director, Jane Aerospace Private Ltd told IANS. Jane Aerospace is into consulting, marketing, sales and provision of skilled manpower support for drone operating companies. Agreeing with Jayaprakash, Charles said there will be more interest on drones from different agencies. "The challenge for the drone makers is importing critical components from China given the current border tussle," Charles said. Jayaprakash said there are other markets wherefrom the critical components can be imported and China is not the sole market place. The only advantage China offers is the price, but there is also the issue of quality. Meanwhile, the Insurance Regulatory and Development Authority of India (IRDAI) has set up a nine member working group to suggest suitable insurance cover for drones as their numbers are on the rise. SEE ALSO: <a href="https://www.businessinsider.in/india/news/india-records-biggest-single-day-spike-of-19906-covid-19-cases-tally-reaches-528859/articleshow/76670166.cms" data-type="tilCustomLink">A record single-day surge of 19,906 COVID-19 cases on Sunday on June 28 in India</a> <a href="https://www.businessinsider.in/india/news/locust-attacks-in-up-jhansi-chitrakoot-prayagraj-pratapgarh-bhadohi-azamgarh-and-ambedkar-nagar/articleshow/76669556.cms" data-type="tilCustomLink">Swarms of locusts reach Uttar Pradesh, several districts put on alert</a>

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Dhoni backed Garuda Aerospace raises ₹25 crore from Venture Catalysts and WeFounderCircle

BI India Bureau

Drone player Garuda Aerospace raises $22 mn from SphitiCap & others

IANS

DGCA approves Garuda Aerospace's Kisan drone

IANS

Drone player Garuda Aerospace raises $5 mn

IANS

MS Dhoni-backed drone firm Garuda Aerospace launches farmers-focused film

ANI

Garuda Aerospace drones are delivering food and medicine in flood-hit Assam

IANS

MS Dhoni launches camera drone Droni in partnership with Garuda Aerospace

Rounak Jain

Garuda Aerospace to deploy drones in Uttar Pradesh to help control locust

IANS