The capital infusion will be instrumental in supporting Okulo Aerospace's strategic growth initiatives, including product development, team expansion, and establishing early traction with customers through targeted marketing and sales initiatives.
Commenting on the funding, Dr. Parithi Govindaraju, Founder & CEO, Okulo Aerospace said, "As the drone market evolves, we recognize the growing significance of long endurance drones and persistent aerial monitoring. At Okulo Aerospace, we are at the forefront of this transformation, developing cutting-edge aerial vehicles that enable extended flights and continuous data acquisition. Our innovative solutions are designed to cater to the needs of both enterprise and defense sectors, providing them with invaluable insights for informed and accelerated decision making."
With the ability to harness persistent aerial data acquisition, Okulo Aerospace's solutions have the potential to revolutionize various industries. By optimizing operations, enhancing situational awareness, and aiding in critical defense operations, their aerial vehicles enable stakeholders to make informed decisions with speed and precision.
"We are committed to pioneering the future of aerial intelligence and shaping the landscape of tomorrow," Dr. Parithi Govindaraju added. "Together with our partners, investors, and the supportive regulatory framework in India, we are confident in our ability to lead the way in this dynamic and transformative industry."
The progressive drone regulatory policies in India have played a pivotal role in propelling Okulo Aerospace's endeavors forward. The company acknowledges the support of its investors.
“What sets Okulo Aerospace apart is the long-endurance aspect of their drones, which they have achieved through their proprietary solar-electric propulsion technology and design. With a flight time of over 6 hours, their UAVs collect more data, providing an unparalleled advantage in sectors that require persistent monitoring, such as Oil & Gas and Ports. Additionally, they are focusing on the defense sector, offering drones specifically designed for long-distance surveillance. With Parithi's deep experience in this space and his team's expertise, they are uniquely positioned to bring this innovation to the drone industry.” Naganand doraswamy, Managing Partner & Founder, Ideaspring Capital.
"Okulo Aerospace is uniquely positioned at the convergence of cost-efficient UAVs with enhanced monitoring capabilities and clean energy-powered pseudo-satellites. Okulo Aerospace has the ability to offer asset-light solutions to its customers by providing valuable processed data. Furthermore, Okulo Aerospace’s long endurance drones have the potential to evolve into High Altitude Pseudo Satellites (HAPS), positioning them to play a pivotal role in advanced communication systems. We are excited to support Okulo Aerospace as they drive innovation in the aerospace industry" Bhargavi V, Partner, Java Capital.
In addition to the funding, Okulo Aerospace has been recognized as a winner of the Innovation for Defense Excellence (iDEX) challenge organized by the Defence Innovation Organization, Ministry of Defense, India. The company has also achieved a remarkable feat by attaining a flight time of over 6 hours with its UAV, positioning it as the longest flight time in its class.
About Okulo Aerospace
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Okulo Aerospace specializes in the design and development of Long Endurance UAVs, aiming to radically improve aerial data acquisition and provide persistent monitoring solutions to enterprise and defense customers. With a strong emphasis on environmental sustainability through advancements in its proprietary solar-electric propulsion technology and design, Okulo Aerospace's UAVs offer extended flight times and unparalleled perspectives, allowing customers to explore the world from new vantage points while contributing to a greener, more sustainable future.
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