Chennai, Nov 10 (SocialNews.XYZ) City-based drone-as-a-service company Garuda Aerospace said that has raised $5 million from a large infrastructure development company, high net worth individuals and angel investors.
With the acquired funds, Garuda Aerospace will focus on building advanced drone solutions for the armed forces in collaboration with global giants from the defence and aerospace sectors, the company said on Thursday.
Garuda Aerospace has inked long-term partnerships with Lockheed Martin, Elbit Systems, Indian Institute of Science, IIT-M, and MIT Boston.
According to Agnishwar Jayaprakash, Founder and CEO, Garuda Aerospace the company has an order book position for three years.
Source: IANS
About Gopi
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz