This investment signals confidence in the company’s mission to help farmers around the world save time and resources by automating their crop production. With a growing global population and an increase in food demand, Terra Drone is poised to revolutionize the way farmers produce crops.
The startup, Terra Drone, plans to use the new capital to expand its product line and increase its sales force. The company has already made significant inroads in Japan’s drone market and plans to target other regions worldwide with its software and hardware offerings.
The rapid expansion of drone technology in Saudi Arabia is part of the country’s official “Vision 2030” plan to reduce its dependence on hydrocarbons and promote the use of drones in services. For example, fossil fuel companies in Saudi Arabia will utilize Terra Drone’s technology for inspection services. Drones are supposed to detect things like oil leakage. Saudi Aramco is the world’s largest oil producer and plans to increase fossil fuel production in coming years despite scientific consensus that such activities are wrecking the Earth’s climate
Saudi Arabia has been working on a plan to rebrand the country as a global center for innovation, and they believe that drones are an important part of this shift. The Saudi drone program hosted by Riyadh’s oil company Saudi Aramco last year was aimed at helping the country become a leading player in the drone industry. Terra Drone, one of the startup companies who participated in the program, is excited about the prospects for growth in Saudi Arabia and plans to expand its operations there.
This latest investment by Terra Drone will help the company further penetrate the MENA market, especially in Saudi Arabia. The subsidiary, Terra Drone Arabia, will provide services that include drone inspections and mapping. The international expansion is key to making sure that Terra Drone’s technology reaches as many people as possible who need it most – in regions such as MENA where damage and loss caused by natural disasters are becoming increasingly common.
Terra Drone is a drone-based solutions provider that focuses on providing its drones and UAM services to 10 countries. These countries include Denmark, where Terra Drone’s uncrewed aircraft traffic management (UTM) solution is used in Danish health drones, and Japan where Terra Drone’s Unifly company provides UTM solutions. Terra Drone’s goal is to provide the best possible drone-based solutions for its customers by offering cutting-edge technology and customer service.
The company announced that its subsidiaries’ sales have grown by more than 50% in the past year, attributing this growth to the company’s innovative products and efficient marketing strategy. CEO Pat Crowley commented on the success, stating that Monotypes continues to develop new products that make a “positive impact” on customers and employees.
Tokushige is adamant that drones can be a valuable tool in urban planning and transportation, and he is intent on using Terra Drone’s software to make that happen. By developing drone-based air traffic management systems, Tokushige hopes to prevent dangerous collisions between drones and manned aircraft, making the world’s cities safer for all.
Founded in 2013, Terra Drone is a world-leading drone company with a team of engineers and entrepreneurs passionate about making aerial imaging accessible to everyone. They’re excited to invest inKingdom UAM ecosystem, as it allows them to localize their innovation and share their technology with the region. With its global track record and expertise in drone filmmaking, Terra Drone is well- positioned to shape the future of UAM in Saudi Arabia.
The European startup Unifly has just unveiled a new drone product line that allows companies to create aerial video and photo services. The drones are equipped with HD cameras and can fly at a speed of up to 50 kilometers per hour.
