Founded in 2013 by Nikhil Upadhye, Suhas Banshiwala, Vipul Singh and Yeshwanth Reddy, IIT Kanpur-based drone tech startup, Aarav Unmanned Systems (AUS) has raised funding. The round was led by StartupXseed Ventures, 3ONE4 Capital (a family fund of Mohandas Pai), The Phoenix Fund and HNIs including, Ashok Atluri and Sanjay Jesrani. The raised funding will be used for product development and team expansion.
The startup designs and develops UAV-based (Unmanned Aerial Vehicle) solutions using proprietary drone technology for industrial and agricultural asset management space. It currently offers 3D mapping solutions to real estate and urban planning sector; NDVI-based solutions to agriculture sector and live & thermal aerial inspection to power sector.
The company’s product range includes Nayan, a quadrotor for developers & researchers.
Commenting on their investment plans, B.V.Naidu, Managing Partner, Startup Xseed Ventures, said, “StartupXseed felt AUS team has right composition to deliver the business in drone technology area. This Technology will become important in coming years and we are keen to encourage domestic product for Indian markets and acquire global business.”
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