- Airbound raised $37 million in Series A funding led by Greenoaks with participation from DoorDash, Lachy Groom, Lightspeed, and Humba Ventures, bringing total funding to nearly $50 million.
- Current drone, TRT, weighs 3.3 pounds and carries a 2.2-pound payload; next version expected to weigh 6.6 pounds and carry up to 11 pounds.
- Completed over 13,000 autonomous flights in Bengaluru and Guntur, including more than 1,000 flights for Narayana Health transporting diagnostic samples.
- Agreement with Andhra Pradesh government to build a drone delivery network connecting three cities, targeting 10,000 flights per day for retail, e-commerce, and healthcare.
- Pre-revenue with over 150 employees; regulation, particularly BVLOS certification, is the main bottleneck to scaling.
Latest
Airbound raises $37M to take on trucking with drone delivery
Airbound has raised $37 million in Series A funding to expand its drone delivery network, aiming to match trucking costs in logistics.
- Drone Delivery
- Logistics Technology
- Startup Funding
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