22 August 2024
Chennai-based startup Garuda Aerospace, which manufactures drones for industrial use, plans to double its manufacturing capacity to 25,000 drones by FY26 end as it sets eyes on exporting drones to more than 40 countries over the next two years, Agnishwar Jayaprakash, founder and CEO told FE.
The company, which specialises in precision agriculture and defence drones, currently has a manufacturing capacity of 12,000 annually. It has earmarked $10 million for its global expansion ambitions and will use a mix of revenue generated from operations and external fund raises. Jayaprakash, however, did not give a break up for the same.
Chennai-based startup Garuda Aerospace, which manufactures drones for industrial use, plans to double its manufacturing capacity to 25,000 drones by FY26 end as it sets eyes on exporting drones to more than 40 countries over the next two years, Agnishwar Jayaprakash, founder and CEO told FE.
The company, which specialises in precision agriculture and defence drones, currently has a manufacturing capacity of 12,000 annually. It has earmarked $10 million for its global expansion ambitions and will use a mix of revenue generated from operations and external fund raises. Jayaprakash, however, did not give a break up for the same.
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