Venture Capitalists News Hubb
Advertisement Banner
  • Home
  • Venture Capital Market
  • Venture Capital Funding
  • Contact
No Result
View All Result
  • Home
  • Venture Capital Market
  • Venture Capital Funding
  • Contact
No Result
View All Result
Venture Capitalists News Hubb
No Result
View All Result
Home Venture Capital Funding

Garuda Aerospace gets DGCA approvals for type certification and pilot training

admin by admin
December 24, 2022
in Venture Capital Funding


Drone manufacturer Garuda Aerospace has received both type certification and pilot training approvals from the Directorate General of Civil Aviation (DGCA) for its homegrown ‘kisan’ (farmer) drones.

Under India’s Drone Rules 2021, it is mandatory to get type certification to operate a drone in the country. The Chennai-based startup’s Kisan drones will be used for reducing crop loss, monitoring crop health, yield measurement and mitigating crop losses.

Garuda Aerospace’ GA-AG model has been awarded the type certificate, making it eligible to receive Rs 10 lakh in unsecured loans from the Agri Infrastructure Fund at a 5% interest rate in addition to a 50%-100% subsidy from the government. 

“The elusive double certification by DGCA for Type and RPTO certification is a testament to our indigenous Made in India drone manufacturing capacities. We are powered and blessed with strong demands of manufacturing 5000 drones in the next five months catering to many opportunities,” said Agnishwar Jayaprakash, Founder and CEO, Garuda Aerospace, in a press statement.

In October this year, Asteria Aerospace, Dhaksha Unmanned Systems, and General Aeronautics received Type certifications from the DGCA for their drones. The first type certificate was awarded to Gurugram-based IoTechWorld Avigation Pvt Ltd in June 2022. In a note issued in the same month, the central government said that there were 14 drone prototypes that were undergoing certification tests and that the number of certified prototypes may cross 100 over the next three years.

Earlier this month, Garuda Aerospace launched the country’s first drone skilling and training virtual e-learning platform. The startup also announced initiatives to educate and exhibit the efficacy of drones in the agricultural sector across 777 districts in India.

Garuda Aerospace recently commenced its Series A funding round of $30 million at a valuation of $250 million. Indian cricketer Mahendra Singh Dhoni has not only invested in the startup but is also its brand ambassador. The company has a fleet of 400 drones and a team of 500 pilots across 26 cities.





Source link

Tags: agri-dronesdrone companies in IndiaGaruda AerospaceJust In
Previous Post

The Capital Quest | Advent invests $175 mn in Bengaluru data science firm Tredence

Next Post

The Bull and Bear Case for Coinbase in 2023

Next Post

The Bull and Bear Case for Coinbase in 2023

Recommended

Amazon announces Propel Startup Accelerator 2022 winners, offers rewards worth $1M

5 months ago

Electric One Mobility partners with former cricketer Arjuna Ranatunga to set up JV in Sri Lanka

6 days ago

Bahamian Regulator Accuses John Ray of ‘Misstatements’ Regarding FTX

2 months ago

Tether Peg Hiccups Are Nothing New

3 months ago

Crypto’s New Political Vanguard to Watch in 2023 

4 weeks ago

IT industry welcomes govt’s decision on work from home at SEZs

2 months ago

© 2022 Venture CapitaLists News Hubb All rights reserved.

Use of these names, logos, and brands does not imply endorsement unless specified. By using this site, you agree to the Privacy Policy and Terms & Conditions.

Navigate Site

  • Home
  • Venture Capital Market
  • Venture Capital Funding
  • Contact

Newsletter Sign Up.

No Result
View All Result
  • Home
  • Venture Capital Market
  • Venture Capital Funding
  • Contact

© 2022 Venture Capitalists News Hubb All rights reserved.