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Hyderabad-based dronetech startup Marut Drones raises $6.2 million in funding

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Marut Dronetech 2024

Marut Drones Co-founders Suraj Peddi, Prem Kumar, and Sai Kumar

Hyderabad-based drone technology startup Marut Drones has raised $6.2 million in a Series A funding round led by Lok Capital.

The startup, known for its DGCA certification in manufacturing and training, is a key player in India’s growing drone ecosystem, focusing primarily on agricultural solutions and exploring disaster management and surveillance applications.

Investment to drive product development and manufacturing

Founded by Prem Kumar Vislawath, Suraj Peddi, and Sai Kumar Chinthala, Marut Drones plans to use the funding to accelerate the development of advanced agricultural drones that cater to the specific needs of farmers.

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With agriculture as a central focus, the investment will also support the startup's goal of manufacturing 3,000 drones annually.

Prem Kumar Vislawath, Marut Drones’ CEO and Co-Founder, said, “This significant investment reinforces Marut Drones’ commitment to empowering Indian farmers and developing applications for aggregating drone-based services for institutions across sectors. The fresh capital will also allow us to make investments in building our team, increasing our manufacturing capacity, and reaching a revenue target of Rs 1,000 crore within the next five years.”

Expanding reach in rural India with new service hubs

In addition to product development, Marut Drones aims to broaden its reach in tier 2 and 3 cities by expanding its network of channel partners and service centers.

The startup's Drone-as-a-Service (DaaS) model will enable partnerships that deliver drone services directly to rural customers, creating service hubs that bring technology closer to remote areas.

“We’re excited to partner with Marut to bring solutions to farmers and the broader rural economy,” Krishnan said. “Drones for agriculture are a novel technology that can secure crop health, conserve water, and increase yield, while also providing income opportunities for village-level entrepreneurs," said Hari Krishnan, director of Lok Capital.

Focus on training and innovation

The startup is also investing in skill development and research through its network of drone academies and collaboration with leading Indian institutions.

It plans to launch 17 new drone academies to train skilled operators and foster drone entrepreneurship, which will be key for broader adoption and growth.

These academies aim to build a trained workforce equipped to operate agricultural drones, contributing to safer and more efficient farming practices.

Additionally, Marut Drones is intensifying its R&D efforts to develop innovative applications in crop monitoring and direct seeding, crucial functions for precision agriculture. These advancements are expected to reduce input costs for farmers and improve crop yields.

Expanding employment opportunities and creating rural impact

With over 200 team members and a fleet of 750 drones managed by more than 1,000 trained drone pilots across 14 states, Marut Drones aims to strengthen its role as a driver of employment in rural India.

The startup's strategic expansion in tier 2 and 3 cities is expected to generate more jobs and stimulate local economies, providing rural communities with the tools needed to embrace technology-led agriculture.

Marut Drones is actively seeking partnerships with agribusinesses, agri-entrepreneurs, and other stakeholders in India’s agriculture industry to broaden the reach of its drone services.

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