India’s Airbound bags $8.65M to build rocket-like drones for one-cent deliveries

Airbound, an Indian drone startup founded in 2020 by then-15-year-old Naman Pushp, has raised $8.65 million in seed funding led by Lachy Groom, co-founder of Physical Intelligence. The funding round also included Humba Ventures, Lightspeed Venture Partners, and senior leaders from Tesla, SpaceX, and Anduril. Airbound is developing an ultra-light, rocket-like drone with a blended-wing-body design and carbon fiber frame, aiming to drastically reduce delivery costs. Unlike typical quadcopters, their tail-sitter drone takes off vertically like a rocket and flies efficiently like a plane, targeting delivery costs as low as one cent by improving aerodynamic efficiency and reducing transport weight by about 30 times compared to electric two-wheelers commonly used in India. The startup’s first drone model weighs 3.3 pounds and can carry up to 2.2 pounds, with a second version planned to carry 6.6 pounds while weighing only 2.6