Debt

Debt financing

Drone tech startup AUS receives Rs 3.75 Cr in lease financing from Grip

MyBigPlunge  

Grip, an alternative investment platform, has provided INR 3.75 crore lease financing facility to Aarav Unmanned Systems (AUS). Grip will also enable AUS to build new revenue streams by leveraging lease financing for more than 50 drones. AUS claims to be the first Indian company to develop professional drone solutions for enterprises and get a small category (> 2kg weight) drone certification from the DGCA. The company was established in 2013 and has so far, mapped more than 5 million acres, 15000 villages and 35 cities. It has further covered more than 250 mines and 350 stockyards for mining, metal, and power companies like Tata Steel, Hindalco, and Coal India, etc.