Arctus Aerospace raises $2.6 Mn in pre-seed round

Arctus Aerospace has raised $2.6 million in a pre-seed round from Version One Ventures, South Park Commons, gradCapital, and a group of angel investors including Balaji Srinivasan, Srinivas Narayan, early Ather engineers, and leaders from Bounce Infinity and Boom Supersonic. 

Arctus was also part of the South Park Commons Founder Fellowship earlier this year.

Arctus Aerospace is building large unmanned aircraft capable of flying at 45,000 feet for up to 24 hours while carrying a 250-kilogram payload. The aircraft is designed to deliver real-time geospatial intelligence. Arctus is developing a full-stack manufacturing and engineering setup to support this platform.

The platform supports SAR, hyperspectral, optical, EO and IR sensing. Imaging that typically costs $10,000 for 500 square kilometres can be delivered for roughly $500, allowing use across energy, infrastructure, climate, and security sectors.

Arctus currently operates aircraft flying above 10,000 feet and delivers centimetre-level geospatial accuracy. The company builds its aircraft and conducts manufacturing and testing at its 25,000-square-foot facility in Bengaluru.