PE-VC Fund Investments
Drone tech co. AlgoFET raises Rs.15-Cr led by Piper Serica
Bengaluru-based deep tech company AlgoFET has raised INR 15 crore in a pre series A funding round led by Piper Serica.Founded in 2023 by Ankit Mishra, AlgoFET develops autonomous ground infrastructure for drones. The company’s product stack includes autonomous docking, intelligent battery management, high-power charging systems, embedded electronics and cloud-based fleet monitoring. AlgoFET has deployed over 2,000 units and holds an order pipeline of more than 4,000 units. Its current customer base includes government, defence, logistics, and enterprise drone operators in India, with interest from drone manufacturers in the US and Europe.The company plans to use the fresh funds to accelerate the development of its infrastructure products, expand in-house manufacturing, strengthen proprietary intellectual property, and scale deployments across defence, enterprise, and international markets.
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