Friday, Apr 19 2024 | Time 18:37 Hrs(IST)
image
Business EconomyPosted at: Jan 21 2021 5:22PM


General Aeronautics, Unmanned Aerial Vehicle Specialist, Raises INR 65 Million Pre-Series A Funding

BANGALORE, India, Jan. 21, 2021 /PRNewswire/ -- General Aeronautics (GA), a specialist in Drones for precision agriculture, today announced a INR 65 million pre-series A financing led by Mela Ventures. With the investment, GA will expand its go-to market programs, and will continue to invest in the areas of high reliability and efficient spraying, operational support including training Drone Pilots.
GA was started by India's acclaimed aircraft designer and Padma Sri awardee Dr. Kota Harinarayana and Abhishek Burman along with Dr. Anutosh Moitra & Air Cmde P K Choudhary (Retd.) to bring the best of the aircraft design practices to the field of Unmanned Aerial Vehicle systems and provide efficient, reliable and cost-effective drone systems to address agricultural and other societal needs.
Incubated at the Society for Innovation and Development (SID), the Entrepreneurship Cell of Indian Institute of Science in Bengaluru, GA has developed indigenous Drone Solution along with unique spray capability with a potential to improve spray efficiency multi-folds. The solution provides best-in-class spray reach and uniformity with unmatched droplet and flow-control. This combined with high reliability and indigenous manufacturing results in highly efficient and cost-effective solutions - removing the drudgery and inefficiencies of manual spraying.
"Future food security has become a major global concern and hence there is a movement towards making agriculture more sustainable with lesser use of harmful chemicals by making the input delivery process more efficient and precise. Many countries have moved to aerial spraying practices which is highly efficient and also reduces the hazardous impact of manual spraying. GA is in the forefront of drone-based agriculture technologies and has indigenously developed and validated a world-class solution to improve input application efficiency multi-fold. We believe that agriculture in many countries including India, is ready to use such cost-effective technologies to improve the yield - which will benefit the farmers and humanity at large," said Abhishek Burman CEO and co-founder of GA.
"GA's indigenous solution based on strong internal R&D can immensely benefit all the ecosystem partners in the field of agriculture in India. GA's successful trials with many partners demonstrates that the solutions are world-class. We see the market potential to be huge as the Governments across the world are moving at speed to clear regulations for the use of drones. We see a great potential in "Team GA" and we are thrilled to be partnering with them," said Parthasarathy N.S, Managing Partner, Mela Ventures.
In conjunction with the investment round, Parthasarathy NS will be joining GA's board of directors.
About GA‍
General Aeronautics (GA) specialises in designing and developing Unmanned Aerial Vehicles towards societal and security applications, including agri-solutions, medical solutions (emergency response management). GA is incubated in Indian Institute of Science's incubation centre. For more information, visit https://www.generalaeronautics.com
About Mela Ventures
Mela Ventures Trust is a SEBI-approved AIF Category-2 fund for the early stage companies. With a goal to build next-gen entrepreneurs, the fund focuses on building a portfolio in areas, such as AI/ML, AR/VR, IoT, Cloud Migration and Deep Technologies. Mela Ventures was founded by Industry veterans, Krishnakumar Natarajan and Parthasarathy NS who have co-founded Mindtree and taken it from a startup to a multi-billion-dollar market cap enterprise. For more information, visit https://www.melaventures.in/
Media Contacts:
Abhishek Burman
Co-founder & CEO, GA
[email protected]

(Disclaimer--Features may vary depending on the regions; subject to change without notice.)
Please log in to get detailed story.
Tags: #General Aeronautics# Unmanned Aerial Vehicle Specialist# Raises INR 65 Million Pre-Series A Funding
More News

19 Apr 2024 | 5:24 PM

Mumbai, Apr 19 (UNI) IT major Wipro on Friday reported 7.80% year-on-year dip in consolidated net profit at Rs 2,834.6 crore for January-March quarter (Q4) of the financial year 2023-24.

see more..
Rupee up 8 paise against USD

Rupee up 8 paise against USD

19 Apr 2024 | 5:05 PM

Mumbai, April 19 (UNI) The Rupee on Friday ended positive at 83.47, rising 8 paise against the USD on selling US Dollar by bankers and exporters, dealers at the Foreign exchange said.

see more..

Kottayam-Kochi Rubber Market rates

19 Apr 2024 | 5:02 PM

Kottayam, April 19 (UNI) Following were the Rubber Market rates announced by the Rubber Board here on Friday per quintal.

see more..
Sensex jumps 599 34 pts

Sensex jumps 599 34 pts

19 Apr 2024 | 4:56 PM

Mumbai, April 19 (UNI) Snapping a losing streak of last four sessions, the BSE Sensex on Friday bounced back 599.34 pts to close at 73088.33 on the strength of Bankex, Metal, Financial services and Consumer Durable stocks amid weak Asian Market.

see more..

Sund Home Fin expands presence in Rajasthan

19 Apr 2024 | 4:36 PM

Chennai, Apr 19 (UNI) After its recent expansion in Western India, Sundaram Home Finance (SHF)
has expanded its presence in Central India with the opening of its new office at Kota in Rajasthan.

see more..
image