tech π Indian startup bags big cash for drone logistics
Airbound, an Indian startup building autonomous drones, secured $37 million in a Series A funding round. The company is based in India and aims to make air transport as cheap as road trucking for goods. This funding brings their total raised to nearly $50 million after their seed round in 2023. They are redesigning their aircraft to overcome weight issues, focusing on vertical-flight designs. Airbound plans to build a three-city drone network in Andhra Pradesh, targeting 10,000 daily retail flights. π