India-based drone cargo startup Airbound has raised $37 million, according to a Techub News brief citing TechCrunch. The funding round included Greenoaks, DoorDash, and Silicon Valley investor Lachy Groom. Airbound is developing ultra-light, rocket-style drones designed for cargo transport. The company’s stated goal is to compete with trucks in freight delivery. The report did not disclose additional terms of the financing or a valuation.
India drone cargo startup Airbound has raised $37 million, according to a Techub News brief citing TechCrunch.
Investors in the round include Greenoaks, DoorDash, and Silicon Valley investor Lachy Groom. Airbound is developing ultra-light, rocket-style drones aimed at competing with trucks in cargo delivery services.
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