BonV Aero raises Rs 6 cr round led by IPV
Technology

BonV Aero raises Rs 6 cr round led by IPV

Aerial logistics drone startup BonV Aero has raised Rs 6 crore in a round led by Inflection Point Ventures (IPV). Funds will be primarily 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 revolutionizes 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. Company's focus extends to critical needs such as Indian defence logistics, disaster relief, emergency medical services, supply chain logistics and rapid commerce deliveries. BonV Aero stands as a brand synonymous with top-tier safety and unparalleled convenience in aerial transportation.

BonV Aero's startup journey is already marked by big wins like ranking amongst top 3 finalists on "Meet the Drapers" TV Show in the USA late last year. The startup is led by Satyabrata Satapathy (CEO & Co-founder), Gaurav Achha (Co-CEO & Co-founder), Abinash Sahoo (CTO & Co-founder), Rahul Kumar (Chief of Design & Co-founder), Sultan Khan (Chief of Manufacturing & Co-founder) and Umang Rathi (Chief of Operations & Software) who collectively bring diverse expertise from renowned companies like Asteria Aerospace, Bosch Automotive and ISRO.

Madhukar Bhardwaj, Sr. Vice President, Inflection Point Ventures, says, Aerial logistics has been a boon during emergencies; however it comes with its own challenges. Understanding the power of aerial space transportation, BonV Aero has developed a state of art technology and is one of India's pioneering multi-utility electrical air vehicle having demonstrated 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.

BonV Aero stands out for creating India?s first logistic aerial vehicle, capable of carrying 50 kilos over 10 kilometres at 10,000 feet in hilly regions and have backed commercial orders. This innovative vehicle operates autonomously, without constant pilot intervention, thanks to its self-flying technology. Its in-house propulsion system ensures efficient flights in extreme weather and high altitudes, marking it as a reliable choice for challenging conditions.

At present, BonV Aero is actively conducting product trials with the Indian Army, marking an initial phase in operational scale.

Aerial logistics drone startup BonV Aero has raised Rs 6 crore in a round led by Inflection Point Ventures (IPV). Funds will be primarily 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 revolutionizes 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. Company's focus extends to critical needs such as Indian defence logistics, disaster relief, emergency medical services, supply chain logistics and rapid commerce deliveries. BonV Aero stands as a brand synonymous with top-tier safety and unparalleled convenience in aerial transportation. BonV Aero's startup journey is already marked by big wins like ranking amongst top 3 finalists on Meet the Drapers TV Show in the USA late last year. The startup is led by Satyabrata Satapathy (CEO & Co-founder), Gaurav Achha (Co-CEO & Co-founder), Abinash Sahoo (CTO & Co-founder), Rahul Kumar (Chief of Design & Co-founder), Sultan Khan (Chief of Manufacturing & Co-founder) and Umang Rathi (Chief of Operations & Software) who collectively bring diverse expertise from renowned companies like Asteria Aerospace, Bosch Automotive and ISRO. Madhukar Bhardwaj, Sr. Vice President, Inflection Point Ventures, says, Aerial logistics has been a boon during emergencies; however it comes with its own challenges. Understanding the power of aerial space transportation, BonV Aero has developed a state of art technology and is one of India's pioneering multi-utility electrical air vehicle having demonstrated 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. BonV Aero stands out for creating India?s first logistic aerial vehicle, capable of carrying 50 kilos over 10 kilometres at 10,000 feet in hilly regions and have backed commercial orders. This innovative vehicle operates autonomously, without constant pilot intervention, thanks to its self-flying technology. Its in-house propulsion system ensures efficient flights in extreme weather and high altitudes, marking it as a reliable choice for challenging conditions. At present, BonV Aero is actively conducting product trials with the Indian Army, marking an initial phase in operational scale.

Next Story
Building Material

JK Cement emerges successful bidder for Mahan coal mine in Madhya Pradesh

This marks the company’s second commercial coal block win, following its acquisition of the West of Shahdol (South) coal block. "The company is committed to becoming self-reliant for its existing cement plants and upcoming projects," JKC stated. The surplus coal from the mine will be sold commercially. The vesting order was handed over to JK Cement during a ceremony at Shastri Bhawan, New Delhi, a critical milestone for commencing mining operations within the stipulated timeline...

Next Story
Building Material

Prism Johnson's cement division goes live with Ramco ERP Suite

Prism Johnson has successfully gone live with the Ramco ERP Suite for its Cement Division. This milestone marks a significant step in Prism Johnson's digital transformation journey, leveraging Ramco Systems' advanced enterprise solutions and process control systems to streamline business processes, manufacturing operations and drive efficiency. The implementation includes cutting-edge modules for Maintenance, Sales, Distribution, Finance, Procurement, Manufacturing, Quality, and HR Management (HRM). These solutions enable Prism Johnson to achieve seamless integration across its business and wo..

Next Story
Infrastructure Urban

Indian shadow bank Shriram Finance gets record $1.28 billion loan

Shriram Finance Ltd. is reported to have borrowed $1.28 billion in a multi-currency social loan, marking the largest offshore facility ever undertaken by an Indian shadow lender. According to a press release issued by Shriram, the deal is divided across the dollar, euro, and dirham. Sources familiar with the transaction, who wished to remain anonymous, indicated that the tenors in the multi-tranche deal range from three to five years. This loan adds to the surge of offshore debt sales by Indian shadow lenders this year, a trend prompted by the Reserve Bank of India's tightening of rules in Nov..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000