In a significant move to strengthen India's indigenous drone capabilities, Chennai-based Garuda Aerospace has announced a strategic investment in Zuppa Geo Navigation Technologies. Zuppa is a deep-tech startup specializing in cyber-secure drones and autopilot systems. This collaboration aims to bolster India's defense sector by promoting homegrown, cutting-edge drone technology.
Key Details
- Investment Announcement: Garuda Aerospace has made an undisclosed investment in Zuppa to enhance secure drone development.
- Strategic Collaboration: The partnership focuses on joint technological advancements and market expansion.
- Technological Expertise: Zuppa is among a few global players with proprietary deep-tech in secure autopilot systems.
- Industry Impact: The alliance aligns with the 'Make in India' initiative and strengthens India's defense sector.
Founder's Background
- Garuda Aerospace: Founded by Agnishwar Jayaprakash, Garuda Aerospace has positioned itself as a leader in India’s drone industry, focusing on financing, operations, and customer acquisition.
- Zuppa Geo Navigation Technologies: Founded in 2008 by Sai Pattabiram and his son Venkatesh Sai, Zuppa has developed patented computing architecture for drones and specializes in cyber-secure autopilot advancements.
Funding Details
- Bridge Round: The investment from Garuda Aerospace is part of a million-dollar bridge round to support Zuppa’s growth.
- Series A Plans: Zuppa plans to raise $15 million in Series A funding within the next 12 to 18 months to scale operations.
This strategic investment underscores a shared vision to develop a self-sufficient drone ecosystem in India, catering to both domestic and international markets.