GoKawiilAirbound raises $37M Series A to build drones cheaper than trucks
Indian startup Airbound has closed a $37 million Series A round led by Greenoaks, with backing from DoorDash, Lachy Groom, Lightspeed and Humba Ventures, bringing its total funding to nearly $50 million less than a year after an $8.65 million seed round. The company is developing lightweight, tail-sitter drones that take off and land vertically, aiming to carry cargo more cheaply than trucks by minimizing the aircraft's own weight relative to payload.