Hyderabad-based Marut Dronetech on November 5 announced that it has raised $6.2 million in a Series A funding round led by Lok Capital. The startup will use the funds for its product development and rural outreach.
Founded in 2019 by Prem Kumar Vislawath, Suraj Peddi, and Sai Kumar Chinthala, Marut Drones has been concentrating on using its drones for the agriculture sector.
With this investment, the company plans to develop advanced agricultural drones tailored to farmers’ needs, expand its service centres and channel partner network across Tier 2 and 3 cities, set up farm-focused Drone-as-a-Service hubs and launch 17 drone training academies and grow its workforce.
The startup's recent funding reflects the growing momentum within India’s drone industry following policy shifts and government support. The government has introduced liberalised drone rules, the production-linked incentive (PLI) scheme, and initiatives like the Kisan Drone Yojana to drive the adoption of drones across sectors such as agriculture, surveillance, and infrastructure.
The startup's CEO Prem Kumar Vislawath said that the funds would allow Marut Drones to increase its manufacturing capacity to 3,000 devices per year and grow its team as the company pursues a revenue target of Rs 1,000 crore over the next five years.
Marut Drones runs a fleet of 750 drones and over 1,000 trained pilots across 14 Indian states. The company also offers disaster management and surveillance solutions in addition to its agriculture services.
Lok Capital, established in 2004, focuses on financial services, fintech, food and agriculture, climate sustainability, and healthcare sectors.
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