Aerial transport firm BonV Aero raises an undisclosed amount of seed funding

• ByStartupStory     |    December 6, 2022

BonV Aero, an eVTOL (electric Vertical Take Off and Landing aircraft) startup based in Bengaluru, has raised an undisclosed amount of seed funding from Headstart Investor Circle. The CEO of Acumen Aviation, Founder of Enarka India, Indian Army Veterans, Funds of Academic incubators such as IIT Mandi, Himachal Pradesh, and AIC (Atal Incubation Centre) CV Raman Global University, Odisha, also participated in the round. The startup is developing carbon-free smart aerial mobility. Supported by IIT Mandi, AIC CV Raman Global University, Odisha in India BonV Aero is a technology company pioneering autonomous electric air mobility systems through its Electric Vertical Takeoff Landing (E-VTOL) vehicle and allied ecosystem. 

Satyabrata Satapathy, co-founder of BonV, said, “In rural and hilly terrain regions, the multi-utility air vehicles are expected to cut down transportation time by as much as 80 per cent and ensure access to critical resources at all times. BonV Aero is targeting opportunities in commercial cargo and logistics, defence, last mile transportation and disaster relief.” In future, the company also plans to expand to sectors like power transmission and medi-evacuation.

According to a report by Markets And Markets, the Unmanned Aerial Vehicle (UAV) market is projected to grow from $26.2 billion in 2022 to $38.3 billion by 2027, at a 7.9 per cent CAGR from 2022 to 2027. BonV aims to entrench itself as the go-to higher payload aerial transport delivery provider. 

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