Cool Company Raises · $37.0M · Series A · www.airbound.com

Airbound raises a $37.0M Series A round

Airbound builds autonomous, zero-infrastructure delivery aircraft — engineered, manufactured, and flown in India. Its TRT blended-wing-body tailsitter takes off vertically without a runway and flies cargo to places roads serve badly, with an ultra-lightweight airframe that weighs less than the payload it carries. The Bengaluru company has logged over 13,000 autonomous flights, moves diagnostic samples for hospital networks today, and is targeting per-delivery costs low enough to compete with trucking. The Series A funds a three-city drone delivery network in Andhra Pradesh and a larger next-generation craft.