Airbound, a Bengaluru-based autonomous drone startup, has raised $37 million in Series A funding led by Greenoaks, with participation from DoorDash, Lachy Groom, Lightspeed, and Humba Ventures. The company is building vertical-flight drones designed to weigh less than the cargo they carry, with plans to create a drone delivery network connecting three cities in Andhra Pradesh and eventually achieve cost parity with trucking.
Rivian spinout Also has raised $150 million in a Series D round led by Prysm Capital to accelerate development of its autonomous driving technology for smaller form factor vehicles. The company, which has now raised $455 million since its founding less than two years ago, is expanding from electric bikes and cargo quads into autonomous delivery vehicles, building on the same electric architecture used in its consumer products.