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Drone Startup BonV Aero Secures Rs 6 Crore in Funding Led by IPV

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Aerial logistics drone startup, BonV Aero, has raised Rs 6 crore in funding, with Inflection Point Ventures (IPV) leading the investment round. The company intends to deploy the funds for client demonstrations, team expansion, and internal research and development initiatives aimed at improving products, exploring propulsion systems, and advancing power plants. Before this funding round, the Bengaluru-based startup had secured an undisclosed amount in a seed round from Headstart Investor Circle in December 2022.

Established by Satyabrata Satapathy, BonV Aero specializes in providing aerial vehicles designed for both goods and passenger transportation, emphasizing the development of cutting-edge aerial vehicles suitable for challenging terrains such as the Himalayas. The company targets various sectors, including Indian defense logistics, disaster relief, emergency medical services, supply chain logistics and swift commerce deliveries.

BonV Aero asserts to have engineered India's inaugural logistic aerial vehicle capable of transporting 50 kilograms over 10 kilometers at 10,000 feet in hilly regions, with existing commercial orders. The company's in-house propulsion system ensures efficient flights in extreme weather and high altitudes, making it a dependable choice for challenging conditions. Currently, BonV Aero is actively engaged in product trials with the Indian Army, marking the initial phase of its operational scaling.