Yali Aerospace is a drone startup that had an investment from the co-founder and CEO of a SaaS firm, Sridhar Vembu. According to some reports, Vembu is planning to enter the chip-making business with an investment plan of over $700 million. This Tamil Nadu-based startup has raised funding from Zoho for the development and deployment of its Vertical take-off and landing drone.
Yali’s Drone was founded in 2022 by Dinesh, Mathuravani, and Anugraha to offer easy-to-use technology for military and civil purposes. The startup specializes in providing drone solutions for logistics, medical, and surveillance. The startup manufactures Vertical take-off and landing drones to transform healthcare delivery, including fight controllers and navigation systems in-house. The startup
aims to use its VTOL drones to facilitate long-distance delivery of medical commodities including blood, organs, and other necessities. The startup aims to make drone services easy to use and accessible to all .
This investment of Zoho highlights the market potential and innovative model of the startup. The current drone model by Yali comes with a 7kg payload and 150 km per hour speed. The startup is planning to start its first pilot project by the end of September. The company will use the fund to enhance its technology and move toward its goal of receiving the drone certification. Inc42’s analysis showed that India has over 200 drone tech startups with an overall investment of $140 million since 2014. This drone startup is planning to enhance its technology and scale up its operations.
The Indian drone market is predicted to increase in size and reach the $13 billion mark by 2030. This investment aligns with Zoho’s recent aim of expanding its software solutions. This collaboration of a software giant and India’s leading drone startup will change the landscape of Medical Logistics and technology in India. Another report by EY-FICCI mentioned that the growth of India’s drone industry may value this sector at $23 billion by 2030. This startup competes with Skye Air and Redwing Labs, among others.
Conclusion:
Yali Aerospace, a drone startup based in Tamil Nadu got backed up by the software giant Zoho. Yali’s Drone offers easy-to-use technology for military and civil purposes. The startup specializes in providing drone solutions for logistics, medical, and surveillance. The startup manufactures Vertical take-off and landing drones to transform healthcare delivery, including fight controllers and navigation systems in
house. The startup aims to use its VTOL drones to facilitate long-distance delivery of medical commodities including blood, organs, and other necessities. The startup plans to enhance its technology and receive drone certification. The startup manufactures Vertical take-off and landing drones to transform healthcare delivery, including fight controllers and navigation systems in-house.
This investment is also Zoho’s step towards expanding its software solutions. This collaboration of a software giant and India’s leading drone startup will change the landscape of Medical Logistics and technology in India. The drone market is expected to reach $13 billion by 2030 in India.
Image source: yaliaero.com
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