While Dhaksha denied using Chinese parts in its drones, Garuda Aerospace said components that are integrated meet all regulatory standards.
At least five firms that had looked to the promised funds to scale up their businesses are engaging with other investors to raise interim capital as SphitiCap awaits SEBI's approval.
The company in a statement said that the Goa Agriculture Department has invited them to collaborate in conducting the initiative of the Drone Yatra aiming to create awareness and promote the adoption of drone technology in agriculture.
This takes Garuda Aerospace's order book tally to 10,000 drones for this year within the first three months, it said in a statement.
The partnership between the two aims to ensure faster delivery of medical supplies including samples for diagnosis during challenging conditions.
The funding was led by Venture Capital firm SphitiCap which invested USD 12 million along with participation from other global investors, angel investors and high net-worth individuals at USD 5 million.
A part of the funds will be used for research and development in drone solutions for the defence sector. The funds will also be used for the skilling and training of drone pilots in tier II and III cities.
The Memorandum of Understanding (MoU) will also bring innovative solutions at scale for enterprises, according to a statement.
Collaborative operational and research projects in these areas may be taken up by Garuda Aerospace, DoAE and Indian Institute of Science, a press release from Garuda Aerospace said.
Cricket legend Mahendra Singh Dhoni, the brand ambassador of Garuda Aerospace, formally launched the Camera drone at an event in the city.
Dhoni is the brand ambassador for Garuda Aerospace, a company that has tried to use drones for spraying pesticides on farms, cleaning solar panels, inspecting industrial pipelines, mapping, surveying, making public announcements, and delivering packages.
The startup aims to train one lakh youngsters across India on the correct usage of drones for agricultural purposes
Garuda Aerospace in a statement here said it deployed 15 fixed-wing drones for the purpose of mapping at the speed of 8-10 square kms per hour.
Garuda Aerospace has been invited by the Army to dispatch its technical team to undertake the modification and help them maintain timeline and operations while performing their duties.
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The drones were earlier also deployed in the floods in Assam, Garuda Aerospace said
HiiLSE Drones founder and CTO Shanmugam S. Thanggavilo said the manufacturing plant in Malaysia will reduce costs and help in creating 3,000 jobs
The drone startup's CEO Agnishwar Jayaprakash says the company will be looking to venture into North American market