India-based UAV manufacturer, Johnnette Technologies has secured mover million dollars in pre-Series A round funding from Hardcastle Petrofer.
The startup plans to utilize the raised funds to scale its UAV manufacturing and Drone pilot training business.
Speaking on the development, Lt Cdr John Livingstone said, “The investment is intended to be utilized for product development and expansion of our team. We provide cost-effective and high-quality indigenous products to the Defence forces and this investment will help us refine our existing line of products and enter the untapped market with a solution for industrial-based applications.”
“We are thrilled to be associated with Johnnette Technologies and we strongly believe that the Indian drone industry will soon be the drone hub of the world” Achal Jatia, Chairman, Hardcastle Petrofer added.