Dare Ventures, the venture capital arm of Coromandel International Limited, has invested an undisclosed amount in the Chennai-based drone startup, Dhaksha Unmanned Systems Private Limited. The startup plans to use the funding for talent acquisition and research and development and to increase production.
Dhaksha Director and CEO Ramanathan Narayanan told The Hindu, “Our current capacity is 250-300 drones a month and we intend to scale this up to 1,000 a month in another year. We have a facility at Ambattur and we are looking at expanding within Chennai.”
CTO Krishna Kumar said the focus would be on bringing drone technology solutions to the agriculture and defence sectors.
