Indian Drone Startup Airbound Raises $37M to Compete With Road Freight

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Airbound, an India-based drone delivery startup, has secured $37 million in funding. The company focuses on ultra-lightweight drone technology designed to offer an alternative to traditional truck-based logistics. The funding round attracted notable investors including Greenoaks, food delivery giant DoorDash, and Silicon Valley investor Lachy Groom. Airbound's approach aims to challenge conventional road freight by deploying high-speed, lightweight delivery drones.

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