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Market: Garuda Aerospace aims to be first drone unicorn in India

Fiinews by Fiinews
May 31, 2022
in Markets, Technology
Reading Time: 2 mins read
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Jayaprakash wants to create a robust drone ecosystem

Leading local drone start-up, Garuda Aerospace continues to innovate and lead the category’s growth in India, and become first unicorn in the industry category with global expansion.

“Over the past 8 years, the whole world has observed a silent drone revolution rapidly gaining momentum in India,” said Agnishwar Jayaprakash, Founder and CEO, Garuda Aerospace.

“In no uncertain terms, none of the progress made in the Indian Drone Ecosystem would have been possible if not for your progressive policies,” he said in a letter to Prime Minister Narendra Modi.

Jayaprakash wants to create a robust drone ecosystem in India which would impact one billion Indians and employ 10 lakh youth.

Currently valued at US$250 million, Garuda is India’s most valuable Drone start-up and is on its way to become India’s 1st ever Drone Unicorn start-up.

Garuda’s fleet comprises 300 drones, 500 pilots and 200 core engineers in 26 cities across the country with global expansion right around the corner.

The company’s Gurgaon and Chennai facilities manufacture 30 different types of drones and offer 45 diverse services.

Garuda Aerospace, a 2015 start-up, aims to be the number one in this industry, Jayaprakash said on 30 May 2022.

He underlined the commitment to build a comprehensive and safe ecosystem for the use of drones in India.

Garuda Aerospace recently participated in the first edition of Bharat Drone Mahotsav 2022 that took place in New Delhi and was inaugurated by the Prime Minister. fiinews.com

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