Airbound lands $37M Series A to push drone delivery toward trucking cost parity
Airbound, an Indian startup developing autonomous delivery drones, has raised $37 million in a Series A round led by Greenoaks, with participation from DoorDash, Lachy Groom, Lightspeed, and Humba Ventures. The company aims to make aerial cargo transport as cheap as road trucking by designing ultra-lightweight drones that weigh less than their payload. It has completed over 13,000 flights in southern India, including medical sample deliveries for Narayana Health.
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Original headline: “India’s Airbound bags $37M to take on trucks with rocket-like drones.” Browse more stories.