Aereo

About Aereo

Aereo, formerly known as Aarav Unmanned Systems, stands as a significant entity in India's integrated drone solutions market. The company was founded in 2013 by Vipul Singh and Suhas Banshiwala, who initiated their venture in the research labs of IIT Kanpur. Their journey began with the vision of pioneering drone services and solutions for industrial applications at a time when the commercial potential of drone technology was not widely recognized.

The firm operates on a business-to-business model, providing end-to-end drone technology for a variety of industries including mining, infrastructure, urban and rural development, forest conservation, and renewable energy. Revenue is generated by offering these integrated drone solutions, which encompass both services and manufacturing. Aereo delivers decision intelligence solutions that assist in managing large capital assets through the use of proprietary drones and an AI-powered data analytics platform. These sector-specific solutions have reportedly led to substantial revenue growth and established a strong market position for the company.

Aereo's core offering is a platform for conducting drone surveys, which includes survey-grade drones and a proprietary three-dimensional web-GIS (Geographic Information System). This system is designed to provide 360-degree visibility, enabling users to process tens of thousands of images with multi-stage quality checks. The Aereo Cloud platform facilitates quality-controlled data processing, advanced analytics, and visualization on a secure, customizable dashboard. The company's services are extensive, covering applications such as volumetric analysis and safety assessments in mining, progress monitoring for infrastructure projects, and land parcel mapping for urban development. Aereo has achieved significant milestones, including mapping over 45,000 villages under the SVAMITVA scheme and being a technology partner for Coal India's Digicoal initiative.

Financially, Aereo has progressed to a Series B stage, having raised a total of $23.8 million over several funding rounds from investors including 360 ONE Asset, Startupxseed Ventures, and Navam Capital. As of March 2024, the company reported annual revenue of ₹56.1 crore. Headquartered in Bengaluru, India, the company has grown to a team of over 300 employees.