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.
In addition to gaining the confidence of new investors Mitsui, SBI Investment, Tokyu Land Corporation, Kyushu Electric Power T&D, and Seika Corporation, and tapping into existing investor Venture Lab Investment, Terra Drone has received backing from the Japan Overseas Infrastructure Investment Corporation for Transport & Urban Development (JOIN) – a public-private infrastructure fund by the Japanese Ministry of Land, Infrastructure, Transport and Tourism (MLIT).
The fresh funding brings Terra Drone to a total of…
