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
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
03/23/22, 8:00 PM
Location
tokyoMoney raised
$70 million
Round Type
series b
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 Info
Location
tokyo, tokyo, japan
Additional Info
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