e-Garuda is a Kerala-based start-up that enables scalable drone operations for logistics, surveying, inspection, and assessment/surveillance of emergency services scenes.
What is the total investment that you have made?:
5000000 to 10000000
What is the total investment that you need?:
5000000 to 10000000
The Deal:Equity, Loan
Strengths:Key partnerships developed with academia, industry & government. Limited competition is another positive aspect, besides the obvious financial advantages of being one of the few players in the market.
Weaknesses:The current technology limits the flying and carrying capabilities of drones. With the weather being an unknown factor and the short battery life of a drone, the delivery of the products can face serious obstructions. Moreover, there is also the need for the droneto land somewhere safely, but this cannot always be accomplished.
Opportunities:Drones are a new technology that can be improved in many aspects. The collaboration with suppliers and developers of this technology creates the opportunity to enter a market that seems to be at the beginning of a remarkable expansion. This technology can soon develop into a means of transport at a national or even international level and the company can greatly benefit from its understanding of this technology.
Threats:One of the greatest obstacles in the wider implementation of transportation via drones is the current and future legislation. Drones that are used to transfer small packages of commercial products can also be used to carry dangerous materials, so their use can be considered as threatening to the state or society and consequently banned or limited by the government. Additionally, the risk of vandalism against the drone or theft of the product that it is carrying can be difficult and costly to overcome and the possible leak of private data that can follow a theft can have unpredictable complications.