Mumbai Based Drone Startup Raises Rs 64 Lakhs
Drona Aviation, a Nano drones company received Rs 64 Lakhs from Globevestor, existing investor SINE IIT Bombay and additional investors. Drona Aviation Private Limited prepared 865 preference shares worth Rs 100 each and a premium of Rs 7377 per share.
Previously, SINE IIT Bombay invested Rs 10 lakhs in the startup.
Drona Aviation was founded by three IIT alumni namely Apurva Godbole, Prasanna Shevare and Dinesh Sain. The company specializes in the building of drones that are meant to be lighter than 100g meant for industrial and civic applications. Presently, the startup is focusing almost solely on drone cinematography.
Up to now, the startup has only developed one prototype of Nano drone called Pluto which is a quick, robust and light drone with an open source firmware and a du...