Enterprise
Aereo
Fund
Fund II
Status
Active
Headquarters
Bengaluru
Founded In
2013
Partnered In
2024
About the company
Aereo is an aerial intelligence platform leveraging advanced drone technology and AI-driven data analytics to enhance asset management in sectors such as mining, infrastructure, urban and rural development, and land records. The company’s services include high-precision aerial mapping, topographic surveys, and real-time data processing through its proprietary Aereo Cloud platform. This platform enables businesses and government organizations to make data-driven decisions by leveraging advanced drone technology combined with AI and ML analytics. The company has a strong patent-led play, targeting primarily four verticals - Metals and Mining, Large Scale Infra, Urban and Rural mapping and Farmland mapping. By revolutionizing remote sensing and aerial data analytics, Aereo is shaping the future of smart infrastructure development and industrial automation in India. Aereo has experienced rapid adoption by prominent organizations such as Hindalco, Tata Steel, Ceinsys, and the Survey of India, which utilize its drone solutions to enhance operational efficiency and decision-making across various projects.
Why we invested
The global drone market is valued at $21.1 billion in 2023 and is growing at a robust CAGR of 20%, with APAC and EU regions making up 40% of the market share. The Indian market, which represents 10% of this global pie, is primed for growth due to recent regulatory developments, government focus, and expanding enterprise applications. Drones are being increasingly adopted for data capture and analysis across sectors like mining, agriculture, utilities, and construction.
Aereo offers an innovative solution with its focus on data capture and analysis for enterprises. It operates a Drone-as-a-Service model, providing valuable, real-time insights across industries, improving operational efficiency, safety, and cost-effectiveness. With clients like Tata Steel, Hindalco, and Coal India, Aereo has already built a strong foothold in India, serving both private and public sectors.
The founders, Vipul Singh and Suhas Banshiwala, bring significant expertise, having spent years in the drone and robotics space. Vipul, also a founding member of the Drone Federation of India, has helped shape policy frameworks, making him a leader in the field.
At JSW Ventures, we believe in enterprise use cases at scale of drone tech startups that are servicing across industries. We also believe that a software led MOAT will be beneficial in the long run as hardware will keep getting commoditized as the space evolves. Aereo has been able to achieve this diversification across large public and private sector clients and has built out key differentiating tech strengths that enable businesses reach a level of detailing across both data capture and analysis ensuring smooth operations and delivery for them. We’re excited to be a partner in Aereos’ journey.
