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Chennai, May 22: City based Drone-as-a-Service (DaaS) player Garuda Aerospace and Naini Aerospace, a subsidiary of Hindustan Aeronautics Ltd (HAL), have inked a joint development partnership.
Earlier this year, Garuda Aerospace raised $22 million in Series A funding. Funding round was led by Venture Capital firm SphitiCap which invested $12 million.
Garuda Aerospace and Naini Aerospace, a wholly owned subsidiary of HAL (Hindustan Aeronautics Limited) under the administrative control of the Ministry of Defence have signed a joint development partnership
In a massive step towards boosting the manufacturing of indigenous drones in India, Garuda Aerospace and Naini Aerospace engineering limited (NAeL), a wholly owned subsidiary of HAL (Hindustan Aeronautics Limited) under the administrative control of the Ministry of Defence has signed a joint development partnership. The joint partnership will enable Garuda to manufacture Advanced Precision Drones on Indian Soil for various applications. The drones will be able to carry a payload of around 25 kg.
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