
TSAW Drones
Drones Logistics as a Service.
Date | Investors | Amount | Round |
---|---|---|---|
investor investor investor investor investor | €0.0 | round | |
* | N/A | Early VC | |
Total Funding | 000k |
USD | 2021 | 2022 | 2023 |
---|---|---|---|
Revenues | 0000 | 0000 | 0000 |
% growth | - | 99 % | 374 % |
EBITDA | 0000 | 0000 | 0000 |
Profit | 0000 | 0000 | 0000 |
EV | 0000 | 0000 | 0000 |
EV / revenue | 00.0x | 00.0x | 00.0x |
EV / EBITDA | 00.0x | 00.0x | 00.0x |
R&D budget | 0000 | 0000 | 0000 |
Source: Dealroom estimates
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TSAW Drones, legally known as Technit Space and Aero Works Pvt Ltd, is a drone technology company established in 2019 by co-founders Kishan Tiwari and Rimanshu Pandey. Based in Noida, India, the firm is focused on developing an end-to-end ecosystem for drone logistics. The founders, who met in college, combined Tiwari's background in mechanical engineering and leadership in university robotics and aero clubs with Pandey's coding expertise to automate drone operations. Their journey began by bootstrapping the company and initially gained traction during the COVID-19 pandemic by providing drone surveillance services for the Delhi Police in containment zones. This early experience in emergency services pivoted the company towards healthcare logistics.
TSAW Drones operates on a dual revenue model, generating income from both parcel delivery services and software solutions. The delivery service is priced based on the distance and weight of the shipment, while the software side earns revenue through licensing and subscriptions for its proprietary tools. The company serves a range of clients in sectors such as healthcare, e-commerce, and quick commerce, partnering with companies like Tata 1mg for medical sample transportation. Its business model is primarily B2B and B2G (Business-to-Government), aiming to integrate its drone solutions into the supply chain networks of various brands and organizations for improved cost and time efficiency. For last-mile delivery, TSAW often combines its hub-to-hub drone transport with ground-based electric vehicles.
The company's core offering is a full-stack logistics solution encompassing drone manufacturing, software development, and end-to-end delivery management. A key technology is the proprietary Drone Cloud Intelligence System (DCIS), a cloud-based platform that provides Level 5 autonomy features like automatic path planning, drone traffic deconfliction, and predictive health management for the drone fleet. TSAW has developed a diverse fleet of drones to meet various needs. These include the 'Maruthi' model, a hexa-rotor drone capable of carrying 5-20 kg payloads over 40 km, and several Vertical Take-Off and Landing (VTOL) models like the 'Adarna Mini' (2 kg payload, 80 km range) and the 'Adarna V2' (8 kg payload, 20 km range), which is suited for medical supplies. The firm has successfully reduced its operational costs significantly and has raised capital from investors including We Founder Circle, Qubit Capital, and Chandigarh Angel Network to fuel its expansion plans.
Keywords: drone logistics, aerial mobility, drone delivery, UAV technology, last-mile delivery, healthcare logistics, autonomous drones, supply chain automation, drone manufacturing, e-commerce delivery, Drone Cloud Intelligence System (DCIS), medical supply drones, drone software solutions, B2B drone services, VTOL drones, drone fleet management, parcel delivery drones, logistics technology, Unmanned Traffic Management (UTM), Indian drone ecosystem