IG Drones Secures $1 Million in Seed Funding to Drive Innovations in Defense Applications
IG Drones, a fast-growing drone-tech startup, has successfully secured $1 million in a seed funding round led by India Accelerator, with participation from a clutch of angel investors. This significant investment will enable the company to advance its research and development of cutting-edge drone solutions tailored for defense applications.
Founded in 2018 by visionary entrepreneurs Bodhisattwa Sanghapriya and Om Prakash, IG Drones has established itself as a leader in the Indian drone market. The company provides a range of drone-based services, including surveying, mapping, and inspection, catering to various industries such as power, infrastructure, agriculture, and more. Their services include:
- Powerline monitoring
- Bridge inspection
- Solar plant and pipeline inspection
- Railway services
- Agricultural surveys, and more
According to market research, the Indian drone market is poised to reach a staggering Rs 2.5 trillion by 2030, with IG Drones poised to play a significant role in its growth.
The company’s flagship product, the AI-powered Jaga drone, boasts precision performance leveraging cutting-edge technology. In addition, IG Drones is developing a 5G drone and collaborating with leading defense firms, while its Kisaan drone is designed to empower the agricultural sector with innovative solutions for farmers.
Based in Delhi, IG Drones has developed an impressive network of partnerships, including:
- The Indian Army
- Multiple state governments
- Over 100 large enterprises
- 500+ projects executed
Notably, the company has also launched India’s first indigenously developed simulator, the ‘IG Military Simulator.’
With the latest funding, IG Drones is set to explore new opportunities in the market, potentially competing with established players like Ideaforge and Drona Aviation.
