NRT secured $52M in a bridge funding round to bolster defense capabilities with cutting-edge swarm drone tech.
NRT secured $52M in a bridge funding round to bolster defense capabilities with cutting-edge swarm drone tech.
03/04/24, 7:12 AM
Money raised
$52 million
Investors
Small Industries Development Bank Of India (Sidbi), State Bank Of India's Startup Hub
NewSpace Research & Technologies (NRT) announced the successful closure of a significant financial milestone, securing a total of $52 million in a bridge funding round. The capital comprises $33 million in equity from top-tier investors and an additional $19 million in debt facilities from the State Bank of India's startup hub and the Small Industries Development Bank of India (SIDBI), enabling NRT to bolster defense capabilities with its cutting-edge swarm drone technology.