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GUARDIAN AGRICULTURE RECEIVES $20 MILLION TO EXPAND ITS DRONE TECHNOLOGY
Jun. 26, 2023
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| The SC1 Guardian Agriculture drone in action in Salinas, California. |
by Elaine Watson, AgFunder News
*Guardian Agriculture has raised a $20 million Series A round led by Fall Line Capital to expand its autonomous drone technology to farms across the US and ramp-up manufacturing of its SC1 aircraft. The raise brings Guardian's cumulative funding to $35 million.
*Founded in 2017 with a focus on large-scale agriculture, the Woburn, Massachussetts-based company has more than $100 million in pre-orders and will begin commercial operations to support customer (and investor) Wilbur-Ellis in Salinas Valley, California, this summer.
*The first Electric Vertical Take-Off and Landing (eVTOL) company with Federal Aviation Authority (FAA) approval to operate commercially nationwide, Guardian Agriculture has "taken a practical approach to building and deploying our technology that puts us well ahead of other eVTOL developers," claims founder and CEO Adam Bercu.
"Customers, investors, and regulators recognize that there's no better application of electric, fully-autonomous aircraft than in commercial farming. This funding will allow us to begin and quickly expand commercial operations on real farms with paying customers sooner as we continue to strengthen our team and ramp up aircraft production."
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