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Airbound has raised $8.65 million in seed funding round by Physical Intelligence co-founder Lachy Groom.
Founded in 2023, Airbound builds carbon-fibre drones to cut logistics costs and enable fast, reliable delivery across all sectors, including underserved regions.
Breaking it down: in India, most small deliveries, usually under 3 kilograms, are made using electric scooters that weigh about 150 kilograms & cost around ₹2 per kilometer in energy. Airbound’s delivery drone could bring delivery costs down to just 10 paise per kilometer, and cut the total transport weight by about 30 times.
FYI: the company has started its first pilot program with Bengaluru’s Narayana Health, to deliver medical logistics for three months, aiming to complete 10 deliveries a day of medical tests, blood samples, and other critical supplies.
Big theme: India’s drone industry could unlock $23 billion in manufacturing potential by 2030, powered by rising demand across defence, agriculture, logistics, and infrastructure.
With logistics costs still at 7.97% of GDP, startups like Airbound are driving innovation in low-cost, faster, and more accessible delivery, especially for rural regions.
