Airbound Raises $37 Mn in Series A Led by Greenoaks
Airbound has completed 13,000+ autonomous flights, including 1,000+ healthcare sample deliveries with Narayana Health, cutting some delivery times to just seven minutes.
Bengaluru-based aerospace startup Airbound has raised $37 million in a Series A funding round led by Greenoaks, with participation from DoorDash, Lachy Groom, Lightspeed and Humba Ventures.
The latest round takes Airbound’s total funding to nearly $50 million since its launch in 2023.
The fresh capital will be used to accelerate aircraft engineering, scale commercial manufacturing and expand Airbound’s go-to-market and commercial operations. The company is also working on aircraft capable of carrying heavier payloads as it moves toward larger-scale deployment.
Founded by Naman Pushp, Airbound is developing lightweight autonomous aircraft designed to make aerial delivery more cost-efficient compared with conventional road-based logistics. Its aircraft use a blended-wing-body, tailsitter design, allowing them to take off and land vertically before transitioning to horizontal flight for more efficient cruising.
The startup’s approach is centered on reducing the weight of the aircraft relative to the payload it carries. Airbound manufactures and tests its aircraft in India and is developing the technology for logistics providers, e-commerce companies and retailers.
Airbound has completed more than 13,000 autonomous flights, including more than 1,000 flights with Narayana Health to transport diagnostic samples between healthcare facilities. The company said these operations have reduced transportation times from hours to minutes, with some routes bringing delivery times down to around seven minutes.
Alongside the fundraise, Airbound has signed an agreement with the Andhra Pradesh Drone Corporation to develop an autonomous drone delivery network connecting Amaravati, Vijayawada and Guntur. The company has set a target of scaling the network to as many as 10,000 flights a day by the end of 2026, covering healthcare, retail and e-commerce deliveries.
The company remains broadly pre-revenue as it works toward commercial-scale operations, according to TechCrunch. Founder Naman Pushp has said that manufacturing is not expected to be the primary bottleneck as Airbound scales, with regulatory approvals representing a more significant challenge.
Airbound’s longer-term ambitions extend beyond cargo delivery. The company is working toward larger aircraft that could eventually support freight and passenger transportation, although passenger travel remains a longer-term objective rather than a current commercial offering.