In a seed investment round headed by India Accelerator and including participation from other angel investors, drone-tech firm IG Drones has raised $1 million.
According to a news statement from IG Drones, the money will be used to further research and development with an emphasis on developing cutting-edge drone technologies suited for defense applications.
IG Drones, a company that Bodhisattwa Sanghapriya and Om Prakash co-founded in 2018, provides drone-based services for mapping, inspection, and surveying. Powerline monitoring, bridge inspection, pipeline and solar plant inspection, railroad services, agricultural surveys, and more are among the services they offer.
The Indian drone market is expected to grow to a value of Rs 2.5 trillion by 2030, based on market research.
The AI-powered Jaga drone, the flagship product of IG Drones, uses state-of-the-art technology to deliver precise performance. The company is working with the defense industry and other top companies, and it has built a 5G drone. Its Kisaan drone is aimed to empower the agricultural sector by providing creative solutions for farmers.
IG Drones, a Delhi-based company, says it has completed over 500 projects in collaboration with the Indian Army, numerous state governments, and more than 100 major corporations. Additionally, it introduced the “IG Military Simulator,” India’s first locally created simulator.
IG Drones could face competition from Ideaforge and Drona Aviation, among other market participants, either directly or indirectly.
Read More : Click Here