NxtQube, a leading drone infrastructure company based in Mumbai’s Nashik, has successfully completed a seed funding round led by Venture Catalysts, along with participation from Pontaq VC (STPI), Ananta Bizcon LLP, Rushikesh Bhandari, and other angel investors. The funds will be utilized to enhance operations in the defense and enterprise sectors across the Asia Pacific, Europe, and the United States, with plans to deploy 2 million drones.
This funding marks a significant step for NxtQube as it aims to develop a Universal Drone Docking Station compatible with various drone categories and applications. The capital will help accelerate strategic expansion, research and development, and product diversification while penetrating new markets to serve a modern consumer base. NxtQube also seeks to innovate in aerospace technology, enhancing everyday lives through advanced solutions. Central to this vision is the NxtQube Drone Dock, a fully automated universal docking station designed for compatibility with diverse drone manufacturers, promoting a more efficient aerial ecosystem.
Nikhil Rajput, Co-Founder & CEO of NxtQube, expressed optimism about the investment, said, “The aviation sector has been transforming rapidly through the growing emphasis on drones, and this investment will further assist us in ensuring a future that seamlessly integrates technology with the skies to enhance human lives. This funding will also enable us to advance a step further to enhance the quality of our Universal Drone Docking Station to cater to diverse categories and applications. Soon after our domestic launch, we will debut this globally to ensure strategic market penetration to sustain and enhance our profitability. By leveraging innovations, NxtQube is poised to transform how drones interact with the world, making aerial solutions more accessible and effective.”
Dr. Apoorva Ranjan Sharma, Co-founder and Managing Director of Venture Catalysts, highlighted the potential of NxtQube’s technology, stating, “NxtQube’s innovative approach to drone infrastructure aligns perfectly with the rapidly evolving drone ecosystem. Their universal docking station has the potential to significantly reduce operational costs and increase efficiency in drone deployments. We believe NxtQube is well-positioned to become a global leader in drone infrastructure, catering to the growing demand for autonomous drone operations across various sectors. What particularly excites us is the scalability of their solution and its potential to revolutionize industries beyond just drone operations. As India pushes towards becoming a drone hub, companies like NxtQube will play a crucial role in building the necessary infrastructure.”
Since its founding in 2022, NxtQube has rapidly advanced in the drone sector by developing indigenous docking stations and hardware in line with the Make in India initiative, facilitating seamless remote drone operations regardless of location. The firm is also working on a battery-swapping module to enhance drone operational efficiency and plans to develop docks for swarm capabilities, logistics docks for hub-to-hub and last-mile delivery, and platforms for virtual piloting.
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