Founders of Marut Drones Prem Kumar Vislawath, Suraj Peddi, and Sai Kumar Chinthala.
Credit: Website/Marut Drones
Hyderabad: Hyderabad-based drone-tech startup Marut Drones has raised $6.2 million in Series A funding from India based investment firm Lok Capital. Marut Drones is building a robust ecosystem to promote drone adoption across various sectors in India.
Marut Drones plans to allocate funds towards several key initiatives, including the development of advanced agricultural drones tailored to customer needs, expanding its channel partner network and service centres into Tier 2-3 cities to better serve rural customers, and establishing drone agriculture service hubs to offer drone-as-a-service with a partnership approach.
The company also aims to recruit professionals across all verticals, foster drone entrepreneurship, launch 17 new drone academies to train skilled professionals, and enhance its research and development efforts in partnership with leading institutions in India to create advanced applications like direct seeding and crop monitoring.
“We are excited to partner with the team at Marut to bring solutions to farmers and the broader rural economy. Drones for agriculture are a novel technology that can secure the health of crops while also saving water, preserving soil health, avoiding exposure to chemicals, increasing yield for farmers, and providing income to village-level entrepreneurs. Our investment in the company will support market expansion, new technology innovations, and indigenous manufacturing efforts,” said Lok Capital Director, Hari Krishnan.
Marut Drones, CEO and Co-Founder Prem Kumar Vislawath, felt that this significant investment reinforces Marut Drones’ commitment to empower Indian farmers and develop applications for aggregating drone-based services for institutions across sectors.
“The fresh capital will also allow us to make investments in building our team, increasing our manufacturing capacity to 3000 drones per year, and marketing to continue scaling at a rapid pace to reach a revenue target of Rs 1000 crore in the next five years,” said Prem.
Founded in 2019 by Prem Kumar Vislawath, Suraj Peddi, and Sai Kumar Chinthala, Marut Drones has set the goal of establishing a pan-India presence, positioning the company to play a pivotal role in modernizing agriculture across diverse geographies.
While agriculture will remain a priority, Marut Drones is also exploring disaster management and surveillance applications, reinforcing its role as a comprehensive drone technology provider.
The company has grown to over 200 team members and has a fleet of 750 drones and over 1000 drone pilots across 14 states in India. Marut’s AG365H, India’s first DGCA Type Certified medium-category multi-utility agricultural and fish-feeding drone, was recently inaugurated by Chief Minister N Chandrababu Naidu, and Minister of Civil Aviation K Rammohan Naidu.