IG Drones, India’s leading Drone Tech and AI company, has closed its first funding round, raising $1 million led by India Accelerator and angel investors. The funds will be directed towards R&D for defense applications in collaboration with international companies. IG Drones plans to raise an additional $3 million in the next six months to expand both in India and globally.
Drone Market Growth
- India's drone market: Projected to reach ₹2.5 trillion by 2030 (from ₹29 billion in 2020)
- Defense sector: Primary driver of growth
Ashish Bhatia, Founder & CEO of India Accelerator, praised IG Drones for “pushing the boundaries of aerial technology,” highlighting their role in transforming industries through AI-powered solutions.
IG Drones’ Achievements
- Flagship product: AI-powered Jaga drone, India’s first AI-on-edge drone
- Developed India’s first 5G drone
- 500+ projects completed with clients like the Indian Army and state governments
- Kisaan drone: Revolutionizing agriculture
Key Initiatives
- Drone Centre of Excellence (CoE) to train India’s youth in drone technology
- MOU with IIT Bhubaneswar and IIM Sambalpur
- Trained 50,000+ youth across India
Bodhisattwa Sanghapriya, Founder & CEO, stated, “Our focus remains on R&D, talent acquisition, and global expansion to solidify our leadership in Drone Tech and AI.”
IG Drones also launched the IG Military Simulator in the presence of Prime Minister Narendra Modi and has expanded to five countries, partnering with companies like Igis.
Global Drone Market
- Expected to reach $51.4 billion by 2027
- Drones play a key role in precision farming, wildlife monitoring, and disaster response, promoting sustainability across sectors.
Source: India Technology News