#drones #news
🚀 NxtQube Secures Seed Funding to Revolutionize Drone Infrastructure
💡 Drone infrastructure startup NxtQube has raised an undisclosed amount in a seed #funding round led by Venture Catalysts, with #participation from Pontaq VC (STPI NxtVentures), Ananta Bizcon LLP, and other angel #investors. Founded in April 2022 by Nikhil Rajput, NxtQube is leading the way in developing automation #solutions tailored specifically for the drone industry. This funding will accelerate their #mission to enhance drone operations globally.
🛠️ NxtQube’s flagship product, a universal drone docking station, is designed to handle critical tasks such as drone landing, #takeoff, flight monitoring, charging, and data extraction. This modular system can integrate with various drones, eliminating the need for on-field #pilots in operations like #surveillance, monitoring, and logistics. The startup operates on a hybrid business model, combining capital expenditure for the docking stations with #subscription and perpetual license options for its #software.
🌍 Targeting the defence and enterprise #sectors in regions like Asia Pacific, Europe, and the US, NxtQube is set to serve the growing demand for autonomous drone #operations, a market estimated to reach around 2 million drones globally. Co-founder & CEO Nikhil Rajput stated, “Our technology complements the existing drone #ecosystem, enhancing efficiency and autonomy.” With the backing of Venture Catalysts and other investors, NxtQube aims to #accelerate product development and expand its market presence, positioning itself as a global leader in drone #infrastructure.
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