Drone Startup Airbound Set to Raise $30 Mn in New Funding Led by Greenoaks

This upcoming round follows Airbound’s recent seed raise of $8.65 million in October, backed by Physical Intelligence cofounder Lachy Groom, Humba Ventures, Lightspeed Venture Partners, and others.

Bengaluru’s deeptech momentum is picking up pace as drone delivery startup Airbound prepares to secure around $30 million in new funding led by Greenoaks, with Lightspeed and other existing investors also participating.

Founded in 2023 by 20-year-old Naman Pushp, Airbound is building autonomous logistics aircraft designed on a blended-wing-body, tail-sitter model that combines vertical takeoff with forward-flight efficiency.

Airbound has so far focused on healthcare logistics, with plans to broaden into multiple sectors by 2026. The company aims to eventually integrate drone deliveries into platforms such as ONDC, offering customers a choice between conventional and aerial options based on cost and delivery speed.

This upcoming round follows Airbound’s recent seed raise of $8.65 million in October, backed by Physical Intelligence cofounder Lachy Groom, Humba Ventures, Lightspeed Venture Partners, and senior executives from Tesla, Anduril, and Ather Energy. Lightspeed and Airbound did not comment on the development.

Airbound’s aircraft are built using carbon fibre to enhance efficiency, and the company manufactures key components such as propellers in-house to keep production costs under control. Pushp, who began working on drones when he was 15, has positioned Airbound as a deeptech-first organisation focused on core aerospace engineering.

Airbound’s trajectory comes at a time when venture firms are also launching new platforms to identify young innovators. Lightspeed recently unveiled India Ascends, a platform built with partners such as Anthropic, Groq, Google Cloud, and AWS to support early builders in AI, space, robotics, climate, biotech, energy, and defence technology.

Last month, Narayana Health entered into a partnership with Airbound to introduce drone-based delivery of medicines and medical supplies.

The collaboration aims to address key challenges in logistics, particularly in urban and remote areas where traditional delivery systems face delays, congestion, and high costs. By leveraging drone technology, the pilot is expected to reduce delivery times and improve accessibility to critical medical resources.

As part of the partnership, Airbound launched a three-month pilot with Narayana Health, aiming to conduct ten medical deliveries per day, including blood samples, test kits, and essential supplies. The program serves as a proof of concept for one of the most demanding delivery applications, showcasing the reliability, speed, and cost efficiency of drone technology in healthcare logistics.

Naman Pushp, founder and CEO of Airbound, said, "The healthcare sector represents the perfect testing ground for our technology because it demands both reliability and efficiency. Our partnership with Narayana Health validates that our approach can handle the most critical delivery requirements while demonstrating the cost advantages that will make our service accessible globally."

Stay tuned for more such updates on Digital Health News