1 week ago
Airbound Raises $37 Million to Expand Drone Delivery
Airbound is a company that uses drones to carry packages through the air.
It has raised $37 million to grow its business.
The company says it has already completed more than 1,000 autonomous flights.
These flights carried medical samples between healthcare facilities.
Airbound says the trips made deliveries much faster.
It also plans to build a drone delivery network in Andhra Pradesh.
The network will connect three cities and serve healthcare, retail and online-shopping deliveries.
The company hopes this project can show how drone deliveries could expand across India.
Airbound raised $37 million in a Series A led by Greenoaks, bringing its total funding since 2023 to nearly $50 million.
The company will use the funding for engineering, commercial-scale manufacturing and go-to-market initiatives.
Airbound has completed more than 1,000 autonomous flights with Narayana Health without a reported mission failure.
The flights transported diagnostic samples between healthcare facilities, reducing delivery times from hours to minutes.
Airbound signed an agreement with Andhra Pradesh to build a three-city drone network targeting 10,000 daily flights.
- Who
- Airbound, led by founder and CEO Naman Pushp, with investors including Greenoaks, DoorDash, Lachy Groom, Lightspeed and Humba Ventures.
- What
- Airbound raised $37 million and signed an agreement to develop a commercial drone delivery network.
- Where
- The testing involved healthcare facilities in India, while the planned network will connect three cities in Andhra Pradesh.
- When
- The funding was announced on August 25, 2026; Airbound launched in 2023.
- Why
- The funding will support engineering, commercial-scale manufacturing and go-to-market efforts, while the network is intended to enable faster, lower-cost deliveries.
Key facts
- Funding round
- $37 million Series A
- Lead investor
- Greenoaks
- Total funding
- Nearly $50 million since Airbound launched in 2023
- Autonomous flights
- More than 1,000, with zero reported mission failures
- Healthcare partner
- Narayana Health
- Planned network
- Three cities in Andhra Pradesh
- Target scale
- 10,000 daily flights
Quotes
Naman Pushp
Founder and CEO of Airbound
“The bar for delivery in India is high. The benchmark is 10 minutes to your doorstep, at an extremely low cost. That’s the complexity here.”
thehindubusinessline.com
“If you can build something that works in India, it tends to work anywhere.”
thehindubusinessline.com
Sources
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