TechEagle Secures Funding to Launch High-Payload Delivery Drones

TechEagle Drones
Preeti Bali / 7:05 am / June 3, 2024

TechEagle, a company pioneering on-demand drone delivery and logistics solutions, has secured fresh funding in a bridge round. The investment round involved prominent figures like Paytm founder Vijay Shekhar Sharma, Navam Capital, and Inflection Point Ventures (IPV).

This funding comes after TechEagle’s initial seed funding round of $500,000 led by India Accelerator in 2021. The specific amount raised in the bridge round remains undisclosed, but it included participation from Venture Catalysts and a consortium of high-net-worth individuals.

Fueling Growth with Advanced Technology

TechEagle plans to utilize the newly acquired capital to launch high-payload drones specifically designed for mid-mile and inter-city deliveries. This strategic move signifies the company’s commitment to expanding its operational capabilities beyond last-mile logistics.

Company Background and Expertise

Founded in 2017 by Vikaram Singh Meena and Anshu Abhishek, TechEagle has carved a niche in the drone logistics space. The company specializes in on-demand, autonomous drone delivery services for its clients. TechEagle prioritizes Beyond Visual Line of Sight (BVLOS) drone operations, enabling them to cater to last-mile logistics challenges in both urban and semi-urban environments.


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