PE-VC Fund Investments
Drone maker EndureAir raises Rs.25-Cr
Noida-based UAV (Unmanned Aerial Vehicles) and aerial robotic solutions provider EndureAir Systems has raised INR 25 crore from IAN Alpha Fund, with participation from IAN Angel Fund.The new funds will be used to strengthen the firm’s drone capabilities for the defence ecosystem, expand into enterprise markets, and advance the development of high-altitude logistics and aerial robotics platforms.Founded in 2018 by Dr. Abhishek, Professor of Aerospace Engineering at IIT Kanpur, along with his former students Rama Krishna and Chirag Jain, EndureAir develops drone systems and solutions for a range of applications, including defence, logistics, aerial mapping, and surveillance.
For FY25, EndureAir Systems had reported about INR 13 Cr in Operating Income and about INR 6 Cr in Net Loss.
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