Marut Drones secured $6.2 million in Series A funding that will be used to support its growth and help the company pursue its revenue goals, according to reporting from The Times of India. The funding comes from Lok Capital, an India-based firm that invests in businesses focused on addressing agriculture, financial services, healthcare and climate challenges.
Headquartered in Hyderabad, the startup makes drones with a variety of applications like seeding to restore forests and efficient mosquito control. Marut Drones’ latest capital is slated to fund a variety of initiatives, such as expanding its network to improve service for rural customers and increasing its manufacturing capacity.
The company also expects to expand its team of more than 200 employees, according to The Times of India, in addition to establishing 17 new drone training academies and bolstering its research and development partnerships. Marut Drones’ work centers around agricultural innovation, but it’s also looking into drone technology uses across disaster management and surveillance.
