Venture Catalysts, a leading integrated incubator and accelerator platform in India, recently announced its role as the lead investor in a seed funding round for NxtQube, India’s foremost drone infrastructure company. This investment round also saw participation from Pontaq VC (STPI NxtVentures), Ananta Bizcon LLP, Rushikesh Bhandari, and other angel investors, marking a significant milestone in NxtQube’s journey towards transforming drone operations.
NxtQube is the industry leader in April 2022 and provides forward thinking automation solutions to drone manufacturers, service providers and end users. The firm’s proprietary product, the world first universal drone docking and charging station will cut across application market such as surveillance, monitoring or logistics fulfilling expectation of taking pilot off-field for a seamless fully integrated global industrial revolution using drones.
Its drone docking station is an autonomous robotic enclosure that handles important pilot functions like landing and takeoff, flight observance, recharging a battery of drones as well as data gathering. The modular nature of the AGX710 also helps to ensure that it can be easily adapted into a slew of drone segments, across multiple manufacturers.
According to Dr. Apoorva Ranjan Sharma, Co-founder and Managing Director of Venture Catalysts this innovative outlook is well-timed against the back-drop of a rapidly transforming drone market – making NxtQube’s strategy highly strategic in nature while packed with all potential elements under one roof. The company says its universal docking station should help cut operational costs and improve efficiency in drone deployments. This solution is infinitely scaleable beyond drone operations, and NxtQube aims to be the global leader for future-proofing your drones. NxtQube is ready and poised to hold the string as India progresses towards a drone hub.
The Co-Founder and CEO of NxtQube, Nikhil Rajput welcomed the funding highlighting that they look forward to support the existing drone ecosystem. This seed round represents market validation around the integral need for strong foundation of infrastructure to scale drone operations. Backed by Venture Catalysts and other investors, NxtQube aspires to take the lead in the drone infrastructure sector with accelerated product development supported with wide market expansion.
NxtQube’s model combines capital expenditure on docking stations and has software subscription options to perpetual license(access) options Rapid will focus its product sales on the 2 million drones in both defense and enterprise sectors across Asia Pacific, Europe, and US markets especially within applications where an autonomy intervention may be required.