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Business Economy


JSW Ventures invests USD 1.8 mln in Aereo’s Series B to boost drone-driven AI solutions

New Delhi, Oct 7 (UNI) JSW Ventures, an early-stage institutional venture capital fund sponsored by the family office of the diversified conglomerate JSW Group, on Monday announced that it has invested USD 1.8 million in Aereo, an aerial intelligence platform, as part of its Series B funding round.
This investment aims to strengthen Aereo’s position in providing innovative commercial drone solutions and accelerating its growth into international markets, a joint press release said.
Aereo leverages advanced drone technology and AI-driven data analytics to enhance asset management in sectors such as mining, infrastructure, urban and rural development, and land records. The company’s comprehensive offerings include inventory assessments, quality inspections, and land record digitisation.
Over the past three years, Aereo has been instrumental in executing large-scale government projects, mapping over 45,000 villages under the SVAMITVA scheme and covering more than 50,000 square kilometres for the Digital India Land Record Modernisation Program (DILRMP). Aereo has also achieved profitability at the EBITDA level, highlighting its robust financial health and sustainable growth model.
Vipul Singh, Co-founder and CEO of Aereo, said, “We are thrilled to welcome JSW Ventures as a partner in our growth journey through this Series B round. Their trust and support are a strong testament to our innovative approach and our mission to transform asset management through drone technology. With JSW Ventures’ expertise and shared vision, we are poised to scale new heights and expand our reach globally.”
Sachin Tagra, Managing Partner at JSW Ventures, said, “The DroneTech space has experienced tremendous growth in recent years, driven by government initiatives such as the Drone Regulations of 2021 and rapid technological advancements. We believe that Aereo is at the forefront of this transformation, and we are excited to support them as they expand into new markets and continue to innovate in aerial intelligence solutions.”
This partnership between JSW Ventures and Aereo marks a significant milestone in the journey of both organisations, aiming to push the boundaries of innovation in the drone industry and unlock the potential of aerial intelligence to revolutionise asset management across sectors, the release said.
The global drone industry is projected to grow at a compound annual growth rate (CAGR) of 20%, reaching USD 51.4 billion by 2027. Aereo aims to capitalise on this growing opportunity by focussing on the enterprise segment, which is expected to see significant growth as commercial applications gain traction. The company is strategically scaling its operations to expand into key international markets, including Australia, Brazil, and Africa. UNI SKB AKS
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