According to NxtQube, Pontaq VC (STPI), Ananta Bizcon LLP, Rushikesh Bhandari, and other angel investors participated in the company’s latest seed round of fundraising, which was led by Venture Catalysts.
The Nashik-based company plans to expand its activities in the defense and enterprise sectors throughout Asia Pacific, Europe, and the US with the help of the cash it has secured and develop 2 million drones.
With the completion of the seed funding round, NxtQube has made significant progress toward its goal of creating a Universal Drone Docking Station that can accommodate a variety of drone types and uses. In order to serve modern consumers at all levels, NxtQube will be able to further its strategic expansion, research and development, product line expansion, and penetration into new strategic markets with the help of this crucial cash inflow.
The company also hopes to improve lives through creative solutions and open up new realms of connection with aerospace technology. This will be powered by NxtQube’s Drone Dock, an industrial-grade, fully automated universal drone docking station that is compatible with a wide range of drone manufacturers and technologies to guarantee a productive aerial ecology.
The company is currently working on a battery-swapping module to increase drone operational efficiency. The company will also be creating docks with swarm capabilities, logistics docks for last-mile and hub-to-hub deliveries, and virtual piloting platforms in response to the increased focus on global drone developments.
The Nxtqube Drone Dock, a universal drone docking station, can perform intricate tasks like takeoff, landing, flight surveillance, charging, and data extraction.
Key Comments
Nikhil Rajput, Co-Founder & CEO of NxtQube, shared his optimism following the seed round success, saying, “The aviation sector has been transforming rapidly through the growing emphasis on drones and this investment will further assist us to ensuring a future to seamlessly integrate technology with the skies to enhance human lives. This funding will also enable us to advance a step further to enhance the quality of our Universal Drone Docking Station to cater to diverse categories and applications. Soon after our domestic launch, we will debut this globally to ensure strategic market penetration to sustain and enhance our profitability. By leveraging innovations, NxtQube is poised to transform how drones interact with the world, making aerial solutions more accessible and effective.”
Dr. Apoorva Ranjan Sharma, Co-founder, and Managing Director of Venture Catalysts, shared his insights on the investment decision, saying, “NxtQube’s innovative approach to drone infrastructure aligns perfectly with the rapidly evolving drone ecosystem. Their universal docking station has the potential to significantly reduce operational costs and increase efficiency in drone deployments. We believe NxtQube is well-positioned to become a global leader in drone infrastructure, catering to the growing demand for autonomous drone operations across various sectors. What particularly excites us is the scalability of their solution and its potential to revolutionise industries beyond just drone operations. As India pushes towards becoming a drone hub, companies like NxtQube will play a crucial role in building the necessary infrastructure.”
Since its founding in 2022, NxtQube has maintained a rapid ascent in the industry by creating hardware, feature-rich software, and docking stations domestically. These efforts support the Made in India campaign.
This has aided the company in enabling continuous, location-independent remote drone operations.
Top-notch compatibility for scheduling autonomous flights, low downtime for remote diagnostics, and assistive pilot functions are all features of NxtQube’s docking stations, according to the press release.