Airbound Raises $37 Million to Advance Autonomous Drone Deliveries
· Technology · TechCrunch, Moneycontrol
Indian startup Airbound has raised $37 million in a Series A funding round led by Greenoaks to scale its autonomous drone delivery operations. The company aims to achieve cost parity with road-based trucking by using vertical-flight drones that weigh less than their cargo. Founded in 2023, Airbound has completed over 13,000 flights in Bengaluru and Guntur, including a partnership with Narayana Health to transport diagnostic samples. The startup plans to develop larger drones capable of carrying up to 11 pounds of payload. This funding brings the total capital raised by the company to nearly $50 million.
Why it matters
The successful funding round highlights the growing potential for drone technology to disrupt traditional logistics and healthcare transportation in India by offering faster, more efficient delivery solutions.
Read the original report — TechCrunch
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