Funding
Garuda Aerospace raises $1 million from Narotam Sekhsaria Family Office, others
[ad_1]
Drone startup Garuda Aerospace, backed by former Indian cricket team captain Mahendra Singh Dhoni, has raised $1 million in a funding round from the Narotam Sekhsaria Family Office (NSFO).
The round also saw participation from existing investors, including WFC (We Founder Circle). This comes after the $12 million funding round in April.
The funds will be used for scaling up manufacturing capacity from the current 8,000 drones annually to between 12,000 and 15,000 units. It will also invest in accelerating research and development (R&D) efforts and…
[ad_2]
Source link
Continue Reading
You must be logged in to post a comment Login