Dronetech Startup NxtQube Raises Seed Funding Led By Venture Catalysts

NxtQube, a drone infrastructure company, said that the firm has obtained a seed round funding led by Venture Catalysts, integrated incubator and accelerator platform, and also witnessed participation from Pontaq VC (STPI), Ananta Bizcon LLP, Rushikesh Bhandari, and other angel investors. The Nashik-based firm will use the acquired funds to enhance its operations in the defence and enterprise sectors across markets in Asia Pacific, Europe, and the US with 2 million drones.

Nikhil Rajput, Co-Founder and 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.”

The seed funding round will assist NxtQube in its objective to develop a Universal Drone Docking Station, designed to serve diverse drone categories irrespective of applications, as per a press release. This essential capital inflow will assist NxtQube to make headway in accelerating its strategic expansion, research & development, increasing product line, and penetrating new strategic markets to cater to new-age consumers across levels.

Apoorva Ranjan Sharma, Co-founder and Managing Director of Venture Catalysts, shared his insights on the investment decision, and said, “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.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.”

The press release further revelead that the firm is presently developing a battery-swapping module to extend the operational efficiency of drones. However, the firm is also set to address the growing emphasis on global drone innovations by developing docks for swarm capabilities, logistics docks designed for hub-to-hub and last-mile delivery, and platforms for virtual piloting.