VOIWORLD/DESK
10 THINGS TO KNOW ABOUT GARUDA AEROSPACE AND NEW FUNDING
1, Rs 100-crore secured in new funding in its Series B funding round from Venture Catalysts (Vcats++)
2, Funding done at a valuation of $250 million.
3, Funds could be used for scaling up production
4, Garuda Aerospace is backed by Indian cricketer M.S. Dhoni
5, First drone company to get Indian aviation sector regulator DGCA approvals for Type Certification and Remote Pilot Training Organisation.
6, Agnishwar Jayaprakash is founder and CEO of Garuda Aerospac
7, Currently facility is around 24,000 sq. ft. facility and company to add 35,000 sq. ft more
8, Current capacity of 8,000 to 10,000 drones annually will now be doubled
9, Company is planning to manufacture drone components also
10, Company now boasts the largest drone fleet in India, consisting of more than 400 drones and 500 pilots operating across 84 cities.
