Bengaluru-based drone technology startup Airbound has successfully raised $1.7 million in a seed funding round led by Lightspeed, with participation from gradCapital and prominent angel investors. This follows the company’s earlier funding of $50.1K.
The newly secured funds will primarily support Airbound’s R&D efforts, with an initial focus on medical supply logistics, including transportation between health centers and testing laboratories. Additionally, the startup plans to explore broader applications such as food and grocery deliveries, aiming to significantly cut logistics expenses and boost profitability.
Founded in 2020 by Naman Pushp, Airbound is pioneering innovative drone solutions to drastically lower last-mile delivery costs. Its breakthrough technology addresses long-standing challenges in drone delivery by miniaturizing hardware, making drones safer, more scalable, and cost-effective. The startup’s proprietary TRT (Tailsitter Rotor Technology), a blended wing body design, is set to revolutionize the logistics sector with its lightweight, efficient, and economical drones.
Airbound claims its drones are three times lighter and four times more aerodynamically efficient than conventional models, enabling significant reductions in upfront and operational costs. By leveraging advanced carbon fiber manufacturing techniques, the startup has successfully reduced the airframe weight from 6 pounds to a mere 400 grams, enhancing both reliability and safety.
Globally, Airbound faces competition from companies like Wing and Zipline, while in India, it rivals Red Wing and Tech Eagle. With its cutting-edge technology and ambitious plans, Airbound is poised to redefine the future of drone-based logistics.