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Odisha-Based Startup BonV Aero Tops Global Pitch Competition, Bags Rs 14-Crore Prize

in Business, State News July 3, 2024 Comments Off on Odisha-Based Startup BonV Aero Tops Global Pitch Competition, Bags Rs 14-Crore Prize 383 Views

Bhubaneswar3/7/24:: BonV Aero, an Odisha-based startup company that manufactures logistics drones, has struck it rich by emerging as global winner of ‘Meet the Drapers – Season 6’, the world’s largest pitch competition.

A leading deep-tech manufacturer of drones in the defense and aerospace sector, BonV Aero became the first Indian company to win Rs 14 crore prize money in a US TV reality show.

The panel of judges at Meet the Drapers included venture capitalist Tim Draper and family, renowned for their early-stage investments in groundbreaking companies like Tesla, Space X, Hotmail, Skype and 25 other unicorns.

We are thrilled to have secured the top prize at Meet the Drapers, which underscores our dedication to excellence and innovation in the defence and aerospace sector. This success is a testament to the hard work and vision of our team and it reinforces Odisha’s growing prominence on the global entrepreneurial stage,” said BonV Aero’s co-founder & CEO Satyabrata Satpathy
“Tim Draper’s endorsement of this innovative approach and vision is a tremendous honour. This recognition further validates the mission to revolutionise logistics through cutting-edge drone technology,” said the Dr. Barada P Panigrahy, CEO, SSU Innovation Foundation, Sri Sri University.Hailing it as a victory for the startup ecosystem in Odisha, Executive Chairman of Startup Odisha Omkar Rai said BonV Aero’s achievement is a “global validation” which will inspire all.

“We are happy that Startup Odisha is growing and we consider BonV Aero’s success as ours. I am happy to share with you that a strong base of human resources and technical knowhow is being developed in Odisha, which will help future startups in the field of Drone tech and aviation,” said Rai.

BonV Aero’s carbon-free, zero-emission aerial vehicle will play an important role in India’s journey to Net Zero in 2070, said CTO and co-founder Abinash Sahoo.

“The company has successfully delivered advanced logistics drones to the Indian Army, showcasing its capability to operate in high-altitude and challenging environments, including altitudes above 10,000 feet,” informed Sahoo.

About Editor in chief

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.
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