Drone logistic startup TSAW secures $325K in seed funding round led by We Founder Circle
- ByStartupStory | May 26, 2022
Technology in Space and Aero Works (TSAW), a drone logistics service provider based in Gurugram, has secured $325,000 in a seed round lead by We Founder Circle, a founder-backed community and early-stage company funding platform.
Log9 Materials creator Kartik Hajela, Soonicorn Ventures, early-stage business accelerator Pedal Start, and Zypp Electric also participated in the round. This is the company’s first fundraiser. TSAW will invest the majority of the funds generated on team-building and fueling operations, with the remainder divided equally between marketing and research and development.
Kishan Tiwari, the founder of TSAW said that the firm is aiming to use drone technology to help the logistics chain. Despite several attempts to explore the area, only a handful have been effective in exact execution. The company appreciates the investors’ confidence in the model and the team. These funding will help in expanding services its across numerous locations, which is their immediate goal.
Gaurav VK Singhvi, the co-founder of We Founder Circle stated that taking a leap of faith is essential for democratising technological discovery. TSAW is enabling a domain that has been in the air for a long time but few people have been able to fully realise its potential. He also said that the company is excited to be a part of TSAW’s larger goal and logistical revolution.
TSAW, which was founded in 2019, is a drone logistics service provider with an aim to reinvent the logistics ecosystem by providing a new and speedier form of transportation, namely, drones. Any client can access these services on a monthly subscription basis. The irm also claims that all the drones used are operated on lithium batteries with zero carbon emissions.
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