Aerospace startup Airbound has raised $37 million in a Series A round led by Greenoaks, with participation from new and existing investors including DoorDash, Lachy Groom, Lightspeed and Humba Ventures. Since its launch in 2023, Airbound has raised nearly $50 million.
The funding will be used to accelerate engineering, commercial-scale manufacturing and go-to-market initiatives.
“We believe in a world where all movement happens in the air. Not some of it. Not most of it. All of it. A world where flying is cheaper than taking the bus, where moving a single package costs less than moving 20 tonnes by truck, and where we look at cars the way we look at horses today,” said Naman Pushp, Founder and CEO of Airbound. “Better physics leads to better economics, which unlocks the potential to move people and goods for a fraction of a cent. That is what we’re building at Airbound.”
The company has completed more than 1,000 autonomous flights with zero mission failures in partnership with Narayana Health to transport diagnostic samples between healthcare facilities and reduce delivery times from hours to minutes.
“The bar for delivery in India is high. The benchmark is 10 minutes to your doorstep, at an extremely low cost. That’s the complexity here,” Pushp said. “If you can build something that works in India, it tends to work anywhere.”
