Garuda Aerospace to double drone output by FY26
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.
Stay Connected, Stay Informed –
Don’t miss out on exclusive updates, market trends, and real-time investment opportunities. Be the first to know about the latest unlisted stocks, IPO announcements, and curated Fact Sheets, delivered straight to your WhatsApp.
Pre Ipo
Upcoming IPO
Unicorn
Planify Enterprises Private Limited
Planify Capital Limited
Licensed By
Mutual Fund License No.:
ARN-164419
IRDA Code (1):
ABLIC1003123454
IRDA Code (2):
ABLIC1003131639
Startup India Certificate No.:
DIPP93786
Other Websites
ⓒ 2016-2026 Planify. All rights reserved, Built with
in India
