Bengaluru-based Airbound has secured $8.65 million in seed funding as it develops rocket-style drones capable of ultra-low-cost deliveries, including a pilot program with a private hospital. The round was led by Lachy Groom, co-founder of Physical Intelligence, with participation from Humba Ventures, Lightspeed Venture Partners, and executives from Tesla, SpaceX, and Anduril. Founded in 2020 … Continue reading “Indian Drone Startup Airbound Raises $8.65M for One-Cent Delivery – iShook Finance”
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Australian DC fast charger manufacturer Tritium has been acquired by the Indian power management solutions company Exicom, which sells a range of AC and DC EV chargers in 15 countries. The acquisition adds Tritium’s manufacturing facility in Tennessee and its engineering center in Brisbane, Australia to Exicom’s existing presence in Asia. “The acquisition expands Exicom’s … Continue reading “Indian firm Exicom to acquire charger manufacturer Tritium”