BonV Aero, an Odisha-based innovative start-up has raised Rs 14 crore in funding after winning the sixth season of the US reality TV show “Meet the Drapers.”
The start-up is engaged in deep-tech drone development and represented India at the show. As per reports, the company engaged in developing AI-based multi-utility electric air vehicles has turned many eyeballs through its breakthrough technology.
At a presser in Bhubaneswar, Satyabrata Satpathy, one of the founders and CEO of BonV Aero stated the funding will enable them to further their research in the drone sector.
As per the TOI report, the start-up is the first Indian company to win and raise such an amount from global competition.
Since its inception in 2011, the start-up has now 40 members and it has a manufacturing unit in Bhubaneswar.
The start-up claims that its products' versatility allows them to be used in various sectors, including emergency medical supply delivery, disaster management, and search and rescue operations.