Elon Musk likes Garuda's new Surya drone.
"All because Elon Musk liked my tweet, I received a signed term sheet for $1 million from a Global Fund within 16 hours," Garuda Jayaprakash said. The surya drone, according to him, was recently deployed at the Virescent Solar facility in Rajapalayam, tamil Nadu. BHEL, NTPC, Adani, Avaada, and a slew of other solar industry behemoths have indicated interest in the technology. Garuda has secured a total of $5 million in initial investment, including this pre-Series A round.
Garuda Aerospace develops, manufactures, and customises unmanned aerial vehicles (drones) for a variety of uses was founded in 2015. Despite the epidemic, the start-up has received over 400 government orders and $2 million in income this year. Garuda Aerospace intends to grow internationally after securing over 100 contracts from companies like Godrej, TATA, Reliance, ITC, Vedanta, and JWIL.