Aerial logistics drone startup BonV Aero has raised INR 6 Crore in a round led by Inflection Point Ventures (IPV). Funds are likely to be directed towards client demonstrations, team expansion and internal R&D focused on enhancing products for customers, researching propulsion systems and advancing power plants.
BonV Aero aims to revolutionise aerial mobility through cutting-edge electric vehicles for both goods and passenger transportation specializing in state-of-the-art aerial vehicles tailored for challenging terrains like the Himalayas. The company’s focus extends to critical needs such as Indian defence logistics, disaster relief, emergency medical services, supply chain logistics and rapid commerce deliveries.
At present, BonV Aero is actively conducting product trials with the Indian Army, marking an initial phase on an operational scale.
Satyabrata Satapathy, CEO & Co-Founder, of BonV Aero, says, “Funds will be deployed to mature our current Aerial Platform and conduct demonstrations to scale orders in this segment. The support from IPV investors significantly bolsters our confidence in the path we’ve travelled and our vision to revolutionize aerial mobility for both goods and people in India and worldwide. I appreciate the seamless deal flow, characterized by sharp timelines, as we firmly believe that, in addition to financial backing, time is a critical factor in any startup journey. We also extend our gratitude to the Dynamic Orbits team, our advisors and our mentors for their constant support in our fundraising and growth journey.”
Madhukar Bhardwaj, Sr. Vice President, Inflection Point Ventures, says, “Aerial logistics has been a boon during emergencies, however, it comes with its challenges. Understanding the power of aerial space transportation, BonV Aero has developed a state-of-the-art technology and is one of India's pioneering multi-utility electrical air vehicles having demonstrated the capability of carrying 50 kilos in hilly regions, providing much-needed relief during natural calamities and when surface movements are unfavourable. These drones are clean, smart, sustainable, and most importantly safe and affordable. With one of its kind innovative products, the company is sure to scale business across borders and we at IPV look forward to extending our strategic support.”