With participation from other angel investors, India Accelerator led a seed funding round of $1 million that the drone-tech startup IG Drones was able to secure.
The funding will be used to advance research and development, focusing on creating state-of-the-art drone solutions tailored for defense applications, as stated in a press release from IG Drones.
IG Drones, a company that Bodhisattwa Sanghapriya and Om Prakash co-founded in 2018, provides drone-based services for mapping, inspection, and surveying. Powerline monitoring, bridge inspection, pipeline and solar plant inspection, railroad services, agricultural surveys, and more are among the services they offer.
The Indian drone market is expected to grow to a value of Rs 2.5 trillion by 2030, based on market research.
The AI-powered Jaga drone, the flagship product of IG Drones, uses state-of-the-art technology to deliver precise performance. The company is working with the defense industry and other top companies, and it has developed a 5G drone. Its Kisaan drone is intended to empower the agriculture industry by offering farmers cutting-edge solutions.
IG Drones, a Delhi-based company, says it has completed over 500 projects in collaboration with the Indian Army, numerous state governments, and more than 100 major corporations. Additionally, it introduced the “IG Military Simulator,” India’s first locally created simulator.
IG Drones could face competition from Ideaforge and Drona Aviation, among other market participants, either directly or indirectly.
