Airbound, a Bengaluru drone company, raised a $37m Series A led by Greenoaks, it announced on 25 August 2026. DoorDash, Lightspeed India Partners, Lachy Groom and Humba Ventures also invested, according to Outlook Business and StatTimes. The company has raised about $50m since 2023.
Airbound said the money will accelerate its engineering, commercial-scale manufacturing and go-to-market work. A valuation was not disclosed.
“We believe in a world where all movement happens in the air. Not some of it. Not most of it. All of it,”Naman Pushp, Founder and CEO, Airbound
What Airbound does
Airbound builds autonomous transport aircraft designed to lower the cost of moving goods by air by raising the share of aircraft weight that is useful payload. StatTimes reported targets of 7x structural efficiency and 6x aerodynamic performance and an aim to cut delivery costs by more than 137 times, with a long-term goal of deliveries for as little as five cents. Those are company targets, not demonstrated results.
Outlook Business said the company has completed more than 1,000 autonomous flights with no mission failures, in partnership with Narayana Health, moving diagnostic samples between facilities. Entrepreneur India said the aircraft cut delivery times for those samples from hours to minutes. StatTimes reported a higher figure, more than 13,000 autonomous flights to date, so the sources differ on the total.
Entrepreneur India reported that Airbound launched in 2023, that its aircraft carry about 100kg of cargo and are designed and tested in India, and that the company plans to start with cargo and logistics before moving into passenger transport.
Pulse 2 quoted the company's statement of its thesis: "Flying isn't expensive because of the air, it's expensive because most of the weight we fly is the aircraft itself." The statement added that less than a third goes into moving the thing you care about. The company says goods transport is the first target and passenger transport may follow, and that logistics move to the air first, people next.
Pulse 2 also reported that Airbound aims to make aerial transport cheaper than trucks and other ground logistics, and that it envisions fleets of thousands of autonomous aircraft.
The Andhra Pradesh agreement
Airbound announced a commercial agreement with the Indian state of Andhra Pradesh. It is building a drone delivery network connecting three cities, with plans to scale to 10,000 daily flights for retail, e-commerce and healthcare deliveries, Outlook Business reported.
The terms of the agreement, including any payments by the state, were not given in the sources.
Who invested
Greenoaks led the round, and the other named backers are DoorDash, Lightspeed India Partners, Lachy Groom and Humba Ventures. Outlook Business said the round included both new and existing investors. The sources do not say which of them are new.
Naman Pushp, founder and chief executive, said: "We believe in a world where all movement happens in the air. Not some of it. Not most of it. All of it."
The funding so far
Airbound's earlier round was an $8.65m seed, according to StatTimes. Outlook Business said the company has raised about $50m since 2023; the sources do not itemise the rest.
Headcount was not disclosed.
Company website: airbound.com