Reported 19 days ago
Airbound, an Indian startup founded in 2020, has successfully raised $8.65 million in seed funding to develop ultra-light, rocket-like drones for one-cent parcel deliveries. The company aims to achieve significantly lower delivery costs compared to traditional methods by using a unique tail-sitter design and blended-wing-body aircraft, which offers better aerodynamic efficiency. Airbound's first pilot program with a private hospital will test its drone capabilities, with plans to expand operations and enter the U.S. market after scaling to one million deliveries per day by mid-2027.
Source: YAHOO