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Terra Drone Raises $70 Million In Series B Funding To Accelerate Growth And Worldwide Adoption Of Unmanned Aircraft System Traffic Management (Utm) And Urban Air Mobility (Uam) Solutions

Mar 23, 2022•over 3 years ago

Amount Raised

$70 Million

Round Type

series b

Tokyo

Description

Drone and Urban Air Mobility (UAM) technology company Terra Drone Corporation announced today that it has raised $70 million (8 billion Japanese yen) in Series B funding with investments from Mitsui & Co., Ltd., SBI Investment Co., Ltd., Tokyu Land Corporation, Kyushu Electric Power T&D, and Seika Corporation. The round also saw the funding by Japan Overseas Infrastructure Investment Corporation for Transport & Urban Development (JOIN) – a public-private infrastructure fund by the Japanese Ministry of Land, Infrastructure, Transport and Tourism (MLIT) – to the newly established joint venture, as well as participation from existing investor Venture Lab Investment.

Company Information

Company

Terra Drone

Location

Tokyo, Tokyo, 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

Company News

(10 articles)

Thu, 03 Apr 2025 07:00:00 GMT

Japan's Terra Drone to boost cooperation with Saudi Aramco for inspections - ZAWYA

Tue, 19 Mar 2024 07:00:00 GMT

Terra Drone Makes Major U.S. Move With Aloft Investment - Forbes

Mon, 08 Apr 2019 07:00:00 GMT

Heliguy and Terra Drone Europe reveal accuracy of the DJI Phantom 4 RTK - Heliguy

Mon, 21 Nov 2016 15:40:49 GMT

Terra Drone - Crunchbase

Tue, 23 Aug 2022 07:00:00 GMT

Terra Drone Corporation & NDT CCS performs visual inspection of Adnoc Refining's RFCC facilities - Hydrocarbon Processing

Tue, 25 Apr 2017 07:00:00 GMT

Terra Drone Invests in Lidar Technology - GIM International

Mon, 10 Apr 2017 13:09:36 GMT

Terra Drone’s Innovations take off at Brisbane’s Myriad Festival - sUAS News

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