Edall Systems to reinforce its vision in the field of aerospace through funding from pre-series A round
Summary
Edall Systems has received funding in the pre-series A round from Boundary Holding, a European deep-tech investment firm, one of Indias leading companies for small UAV manufacturing and services. EdallSystems boasts an impressive list of clients, includingL&T, TATA, Bosch, Indian Railways, DRDO and LRDE Lab. It primarily identifies companiesthat integrate advanced and revolutionary technologies around IoT, Drones, Robotics, Big Data and health. Having received the required investment push, the Bangalore-based Edall Systems intends to march beyond the government sector, unlike other companies which predominantly cater to the defence segment. According to BIS Research, Indias share is a mere 4.25 per cent at this stage, but the change in stance is evident, especially in the wake of recent developments in the South Asian country.