Sridhar Vembu, co-founder and CEO of the leading software-as-a-service (SaaS) company Zoho, has announced an investment in Yali Aerospace, a promising drone startup.
Yali: Providing Easy-to-Use Drone Solutions
Founded in Thanjavur, Tamil Nadu in 2022 by Dinesh Balaraj, Anugraha, and Mathuravani, Yali Aerospace specializes in developing user-friendly drone technology for diverse applications in both civilian and military sectors. Their offerings cater to a global market, focusing on solutions for medical delivery, surveillance, and logistics.
Diverse Applications for Yali Drones
Yali’s drones extend their reach beyond standard tasks, venturing into solutions for precision agriculture, infrastructure inspection, and disaster response. Their product range boasts impressive capabilities, with models offering a range of 100 kilometers with a 9-kilogram payload and 50 kilometers with a 10.5-kilogram payload.
Yali Network Bridge: Delivering Medical Supplies Efficiently
According to Yali’s website, their Yali Network Bridge technology aims to revolutionize medical delivery within India. Through this network, the company claims to deliver essential medical supplies to any location in the country within a remarkable timeframe of less than 20 minutes.
Vembu’s Expanding Investment Portfolio
This investment in Yali Aerospace comes amidst news reports from earlier this month suggesting Vembu’s potential entry into the chip-making industry. These reports indicate a planned investment of approximately $700 million, showcasing Vembu’s diverse and expanding investment portfolio.
More Stories
Absolute Sports Acquires SoapCentral.com, Expanding into US Entertainment Market
June 6, 2024
Business
ShareChat Expands Employee Stock Options Despite Financial Challenges
May 28, 2024
Startups
Tech Mahindra’s Project Indus: A Game Changer for AI Communication in India
July 4, 2024
Business
RapidCanvas Secures $7.5 Million Seed Funding to Democratize AI Development
March 14, 2024
Funding
Akshay Kumar’s Third Cinematic Venture of the Year
July 24, 2024
Entertainment
OneVerse Gaming Embarks on Acquisition Spree to Bolster Gaming Portfolio
March 13, 2024
Business
Zomato Founder Deepinder Goyal Enters Billionaire Club
July 16, 2024
Business
Captain Fresh Appoints New Group CFO: Mathew George
May 23, 2024
Business
RPSG Capital Ventures Closes Fund II at Rs 550 Crore, Targeting New-Age Consumer Brands
May 31, 2024
Funding
Fire Erupts in Pali Hill Housing of Actress Jacqueline Fernandez
March 7, 2024
Entertainment
Ontario Teachers’ Pension Plan Invests in Growing Indian NBFC Kogta Financial
June 27, 2024
Funding
Nazara Technologies Expands Gaming Portfolio
July 31, 2024
Business
Equirus Names New Managing Director and Chief Operating Officer
April 22, 2024
Business
Covrzy Secures Regulatory Nod to Disrupt Insurance Market
July 26, 2024
Funding
Simple Energy Secures Substantial Funding to Accelerate Growth
July 30, 2024
Funding
EKA Secures Second Tranche of $100 Million Investment
June 24, 2024
Business
Bangalore-Based AI Startup rampp.ai Raises $500,000 in Angel Funding
June 17, 2024
Funding
Stupa Sports Analytics Scores Big with ₹28 Crore Pre-Series A Funding
May 16, 2024
Funding
Lobb Secures $2.9 Million in Funding to Drive Expansion
July 8, 2024
Funding
Scrut Automation Secures $10 Million in Growth Funding to Bolster GRC Platform and Expand Globally
April 4, 2024
Funding