Drone services firm raising RM126mil to spur growth


“We’ve been building a business delivering much needed solutions to a raft of companies and with backing from respected investors, at a time of drone industry consolidation, which is a testament to our strength, growth prospects and the opportunities ahead.” Aerodyne’s founder and chief executive officer Kamarul A Muhamad(pic) said.

KUALA LUMPUR: Aerodyne Group, a Malaysian-based drone services company, is raising US$30mil (RM126mil) from top regional venture capital firms to fuel growth.

The five-year old company plans to use proceeds from the series B investment round for mergers and acquisitions, to accelerate research and development, hire drone talent globally and expand in key markets such as Japan, India, US and the Middle East.

Get 30% off with our ads free Premium Plan

Monthly Plan

RM9.73/month

Annual Plan

RM8.63/month

Billed as RM103.60/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

CIMB’s succession planning coming into sharp focus
Quebec pension hit with real estate loss as ‘hostile’ market persists
Strong earnings visibility for Matrix Concepts
TRX takes the spotlight
Japan takes Taiwan’s helping hand in chip ops
TM sets sights on even stronger growth this year
Soul-searching for ringgit solutions
Central Europe shoppers still shell-shocked
UMWT to drive green mobility growth
Sarawak’s new energy play gains more attention

Others Also Read