Terra Drone, one of Japan’s leading UAV service providers and advanced air mobility (AAM) tech developers, is entering the US market by taking the largest ownership stake in fleet management and airspace data company Aloft.
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Japan-based drone and Urban Air Mobility (UAM) technology provider Terra Drone says its corporate scale and impressive business growth have helped it secure second place in global drone service provider rankings for the third consecutive year.
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Terra Drone Corporation, one of the top drone service providers in the world, has started offering agricultural spraying services in Southeast Asia. The company has scooped up precision agriculture tech from Indonesian startup Avirtech and established a new entity called Terra Drone Agri to cater primarily to palm plantations.
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Oil giant Saudi Aramco has invested $14 million in one of the top drone service providers in the world, Terra Drone Corporation, through its early-stage investment fund Wa’ed Ventures. The Japan-based drone company says it will utilize the funding to set up a new subsidiary for inspection services in Saudi Arabia.
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Terra Drone Corporation, a drone and urban air mobility (UAM) technology company headquartered in Japan, announced today it has scooped up a cool $70 million in Series B funding. The company, which was ranked as the “top drone service provider in the world” by market research firm Drone Industry Insights in 2019 and 2020, is now looking at establishing a US office and pushing out its uncrewed traffic management (UTM) offerings to the global market.
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Terra Drone has been granted the first commercial beyond visual line of sight (BVLOS) permit in Indonesia marking another first for the company. The company is now allowed to fly long-distance surveying, surveillance, and patrol missions.
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