1. Indian drone startup Airbound has raised $8.65 million in seed funding, led by Lachy Groom and backed by Humba Ventures, Lightspeed Venture Partners, and senior leaders at Tesla, SpaceX, and Anduril.
2. Founded by Naman Pushp, Airbound is developing a tail-sitter design drone for small payload deliveries, aiming to reduce costs up to 20 times compared to conventional methods and achieve one-cent delivery.
3. The startup plans to scale manufacturing capabilities, improve service, and reduce costs through pilot programs with private hospitals, targeting sectors like quick commerce, food deliveries, and expanding operations beyond India within three years.