Enercomp, a leading drone technology company and ah! Portfolio Startup, announced today the closing of its latest funding round of USD 325K led by marquee angels from ah! Ventures Angel Platform, Bestvantage Investments and Soonicorn. ah! Ventures has done 176 investments in 122 startups till date taking its total investment portfolio to INR 364 CR (~45 MN USD) with 16 exits and 44 follow on rounds. 22 investments have happened through all three platforms and the fund in 2023.
The funding will be used to further develop Enercomp’s innovative drone technology and expand its manufacturing footprint.
“We are thrilled to have secured this investment to support our mission of revolutionizing the drone industry,” said Enercomp Co-Founder, Jatin Patel. “This funding will enable us to continue to innovate and develop cutting-edge solutions that meet the evolving needs of our customers.”
Enercomp’s advanced drone technology is transforming industries such as energy, agriculture and infrastructure. By leveraging AI and machine learning, Enercomp’s drones are able to collect and analyze vast amounts of data, providing valuable insights to customers and optimizing operations.
Pawan Kumar, Deal Lead – Enercomp and Venture Partner – ah! Ventures said, “The drone sector in India is poised for significant growth in civilian and defense applications. Incumbents like Enercomp will have a significant opportunity to grow thanks to the policy thrust of the Govt of India in the drone sector.”
Read the original announcement: https://ahventures.in/mailers/funding/enercomppr.html