BonV Aero, a Drone Startup, Raises Rs 6 Crore with IPV Leading the Round

Share via:

Aerial logistics drone startup BonV Aero has secured Rs 6 crore in funding in a round led by Inflection Point Ventures (IPV). The company plans to utilize the funds for client demonstrations, team expansion, and internal research and development efforts focused on enhancing products for customers, researching propulsion systems, and advancing power plants.

Prior to this funding round, the Bengaluru-based startup had raised an undisclosed amount in a seed round from Headstart Investor Circle in December 2022.

Founded by Satyabrata Satapathy, BonV Aero specializes in providing aerial vehicles for both goods and passenger transportation, with a focus on developing state-of-the-art aerial vehicles tailored for challenging terrains like the Himalayas. The company targets various sectors including Indian defence logistics, disaster relief, emergency medical services, supply chain logistics, and rapid commerce deliveries.

BonV Aero claims to have developed India’s first logistic aerial vehicle capable of carrying 50 kilograms over 10 kilometers at 10,000 feet in hilly regions, with commercial orders already in place. The company’s in-house propulsion system ensures efficient flights in extreme weather and high altitudes, making it a reliable choice for challenging conditions.

Currently, BonV Aero is actively conducting product trials with the Indian Army, signaling the initial phase of its operational scale.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

BonV Aero, a Drone Startup, Raises Rs 6 Crore with IPV Leading the Round

Aerial logistics drone startup BonV Aero has secured Rs 6 crore in funding in a round led by Inflection Point Ventures (IPV). The company plans to utilize the funds for client demonstrations, team expansion, and internal research and development efforts focused on enhancing products for customers, researching propulsion systems, and advancing power plants.

Prior to this funding round, the Bengaluru-based startup had raised an undisclosed amount in a seed round from Headstart Investor Circle in December 2022.

Founded by Satyabrata Satapathy, BonV Aero specializes in providing aerial vehicles for both goods and passenger transportation, with a focus on developing state-of-the-art aerial vehicles tailored for challenging terrains like the Himalayas. The company targets various sectors including Indian defence logistics, disaster relief, emergency medical services, supply chain logistics, and rapid commerce deliveries.

BonV Aero claims to have developed India’s first logistic aerial vehicle capable of carrying 50 kilograms over 10 kilometers at 10,000 feet in hilly regions, with commercial orders already in place. The company’s in-house propulsion system ensures efficient flights in extreme weather and high altitudes, making it a reliable choice for challenging conditions.

Currently, BonV Aero is actively conducting product trials with the Indian Army, signaling the initial phase of its operational scale.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

Australia’s ‘Barefoot Investor’ takes on crypto scammers stealing his...

Australian investing and finance educator Scott Pape, known...

SingPost fires CEO, CFO over handling of whistleblower’s report

The top executives reject accusations and will "vigorously...

The ‘superglue effect’ of eSIMs on fintech

Southeast Asia is accustomed to all-in-one apps, so...

Popular

Upcoming Events

Startup Information that matters. Get in your inbox Daily!