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.