Garuda Aerospace has secured $5 million funding from a large infrastructure development company along with a group of HNIs and angel investors from India, UAE and Singapore.
A press release from Garuda Aerospace says the unds will be used to focus on building advanced drone solutions for the armed forces in collaboration with global giants from the defence and aerospace sectors.
Garuda Aerospace has inked long-term partnerships with Lockheed Martin, Elbit Systems, Indian Institute of Science, IIT-M, and MIT Boston. Agnishwar Jayaprakash, Founder and CEO, said the company has been consistent in bagging orders and growing the team. “We have a 24% net profit margin. Our ESG footprint has grabbed the attention of several large-impact investment firms,” he added.
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