Drone start-up Garuda raises $22 mn in series A funding from SphitiCap

Company will use money to expand operations, research, and to train drone pilots

Drone manufacturer Garuda Aerospace has raised $22 million in funding led by SphitiCap, which invested $12 million in the company. The series A funding round also saw participation from investors and HNIs from India, UAE and Singapore.

Garuda will use the funding to expand operations, research, and to train drone pilots. “Garuda Aerospace aims to sell 25,000 drones in the next 18 months and is looking forward to exporting 10,000 drones to about 100 countries in the next 15 months. After my experience at Davos 2023, it was clear that Garuda Aerospace has the potential to scale globally, by manufacturing