India’s Airbound bags $37M to take on trucks with rocket-like drones

Airbound has raised $37 million to develop lightweight drones for package delivery.

Investors include Greenoaks, DoorDash, and Silicon Valley investor Lachy Groom.

The company focuses on drone technology to compete with truck delivery.

Funding will support research, development, and scaling of drone delivery systems.

Airbound aims to reduce delivery times and costs by using drones that carry packages.

The drones will operate within regulatory limits and integrate with logistics platforms.

The team has aerospace and software experience.

The capital will expand the prototype fleet and conduct field trials.

Investors expect the technology to offer a scalable alternative to ground delivery.