NRT secured $52M in a bridge funding round to bolster defense capabilities with cutting-edge swarm drone tech.
Mar 04, 2024•almost 2 years ago
Amount Raised
$52 Million
Aviation & Aerospace
Investors
Small Industries Development Bank Of India (Sidbi)State Bank Of India's Startup Hub
Description
NewSpace Research & Technologies (NRT) announced the successful closure of a significant financial milestone, securing a total of $52 million in a bridge funding round. The capital comprises $33 million in equity from top-tier investors and an additional $19 million in debt facilities from the State Bank of India's startup hub and the Small Industries Development Bank of India (SIDBI), enabling NRT to bolster defense capabilities with its cutting-edge swarm drone technology.
Funding Insights
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