Marut Dronetech, a drone technology company has raised $6.2 million in Series A funding from Lok Capital.
The funds will be used to develop advanced agricultural drones, expand its channel partner network and service centers into Tier 2-3 cities to better serve rural customers, and establish drone agriculture service hubs to offer Drone-as-a-Service with a partnership approach.
The company also plans to use the funds to expand its team across all verticals. The company also aims to foster drone entrepreneurship, launch 17 new drone academies to train skilled professionals and enhance its research and development efforts in partnership with leading institutions in India to create advanced applications like direct seeding and crop monitoring.
Prem Kumar Vislawath, CEO and Co-Founder, Marut Drones said, “We are excited about this fund raise and bringing on board like-minded investors. This significant investment reinforces Marut Drones’ commitment to empower Indian farmers and develop applications for aggregating drone-based services for institutions across sectors. The fresh capital will also allow us to make investments in building our team, increasing our manufacturing capacity to 3000 drones per annum, and marketing to continue scaling at a rapid pace to reach a revenue target of 1000 cr in the next five years.”
Hari Krishnan, Director of Lok Capital said, “We’re excited to partner with the team at Marut to bring solutions to farmers and the broader rural economy. Drones for agriculture are a novel technology that can secure the health of crops, while also saving water, preserving soil health, avoiding exposure to chemicals, increase yield to farmers and providing income to village-level entrepreneurs. Our investment in the company will support market expansion, new technology innovations, and indigenous manufacturing efforts.”
Founded in 2019 by Prem Kumar Vislawath, Suraj Peddi and Sai Kumar Chinthala, Marut Drones focuses on drone-based solutions to address persistent societal challenges.
While agriculture will remain a priority, Marut Drones is also exploring disaster management and surveillance applications, reinforcing its role as a comprehensive drone technology provider. Marut aims to create rural employment opportunities for tier 2 and 3 cities, contributing to enhanced productivity and reduced input costs for farmers.
The company has grown to over 200 team members and has a fleet of 750 drones and over 1000 drone pilots across 14 states in India. Marut Drone recently launched AG365H, a DGCA Type Certified medium category multi-utility agricultural and fish-feeding drone.
