Tuesday, September 07, 2021

Drone delivery startup TechEagle raises $500K in seed round led by India Accelerator, others

Drone delivery startup TechEagle Innovations Pvt. Ltd Tuesday said it raised $500,000 in seed funding led by India Accelerator, with participation from Vinners Group, Sitics Logistics, and marquee angel investors. 

The startup will use the funding to further launch new indigenous products, scale its operations in India, and hire across functions. With its on-demand drone delivery airline, the startup aims to impact a billion lives by 2030.

The Gurugram-based drone AI startup builds end-to-end technology solution for enabling a drone logistics airline for last-mile and mid-mile deliveries. TechEagle has already received approvals from the Government of India (MoCA) and Regulators (DGCA) to conduct package delivery BVLOS (Beyond Visual Line of Sight) flights in different parts of India.

IIT-Kanpur alumnus Vikram Singh Meena founded TechEagle in 2015, while he was still a student, with a vision to solve last-mile logistics problems using a drone and AI technology. Later in the journey, Anshu Abhishek joined the company and was promoted as co-founder and COO. 

07/09/21 Rashi Varshney/Yourstory

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