Terra Drone Raises $14 Million From Aramco's Wa'Ed Ventures

Jan 25, 2023•almost 3 years ago

Amount Raised

$14 Million

JapanConsumer Goods

Description

Terra Drone Corporation, a leading drone and Urban Air Mobility (UAM) technology provider, has raised $14 million in funding from Wa'ed Ventures, the venture capital arm of the biggest oil producer in the world, Aramco. With this financing, Terra Drone will set up a new subsidiary in the Kingdom of Saudi Arabia, Terra Drone Arabia, in line with the Saudi government's "Vision 2030."

Company Information

Company

Terra Drone

Location

Japan

About

Founded in 2016, Terra Drone is a leading drone and Urban Air Mobility (UAM) technology company providing drone hardware and cloud-based software for survey and inspection such as Terra Lidar and thickness measurement by ultrasonic NDT. Also, in the field of UTM for drones and UAM, we have completed a partial technology transfer from JAXA in Japan. We are the world's largest provider of industrial drone solutions, with offices throughout Japan, including its Tokyo headquarters, and overseas operations primarily in Europe and Southeast Asia. We've been ranked No. 1 in the world in the "Drone Services Companies Worldwide Ranking 2020" by Drone Industry Insights, a global drone market research organization, for two years in a row and and raised Series B funding in March 2022, bringing total funding to $83 million. SOURCE Terra Drone Corporation

Related People

2 contacts

Funding Insights

Based on industry data

Tech investment trends

83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

Terra Drone Raises $14 Million From Aramco's Wa'Ed Ventures

Description

.css-1v6jzuu{--tw-text-opacity:1;color:rgba(75, 85, 99, var(--tw-text-opacity));}Company Information

Related People

Funding Insights

Company Information