Drone company Garuda Aerospace, backed by former Indian cricket captain Mahendra Singh Dhoni, has successfully raised INR 25 crores in a fresh bridge round.
The program will provide free-of-cost training, education, and skill development over a span of 10 days to specially abled persons, kickstarting in Chennai
ideaForge has the largest operational deployment of indigenous UAVs across India, with an ideaForge manufactured drone taking off every five minutes on average for surveillance and mapping applications as of March 31, 2023. The company got listed in BSE and National Stock Exchange at INR 1,305.10 and INR 1,300 per share, respectively.
The new funding will be used to invest in new customer acquisitions, expand the team and scale operations to meet growing demand for PDRL's AeroMegh platform
Based on the discussion between concerned ministries and government departments, more products have been identified for notifying them under quality control orders (QCOs) and mandating compulsory certification of BIS, according to sources
So far, 12 drone manufacturers and 11 drone component manufacturers have been approved by the ministry. A corpus fund of 120 crores has been allocated from 2022-23 to 2024-25, and the total PLI for a manufacturer is capped at INR 30 crores.
How did an Olympic prospect go on to establish one of the leading drone startups in India? Since a young age, Agnishwar Jayaprakash has been a man of many talents, but a man of one goal: to serve the youth of India
Garuda Aerospace has also launched a virtual learning platform and flagged off its Drone Yathra which aims to create awareness amongst farmers in 775 districts across India using technology with drones
The Type certification was introduced by the government of India in August 2021 under drone rules and the historic dual DGCA approval validates Garuda's tag of being India's most valuable drone startup
Experts believe that the amended Drone Rules opens up avenues for commercialization and the PLI scheme will boost made-in-India drone production and drones-as-a-service
The MoS for civil aviation also notified about the government's production-linked incentive (PLI) scheme to promote drone manufacturing by private companies
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Some of the most exciting potential applications come from the use of drones in the delivery of essential, healthcare and medical deliveries at customers' doorsteps
It is crucial for any entity or entrepreneur involved in the ecosystem of UAV to understand the regulations, the operational impediments and the permissible usages to be able to design this new-age technology