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HoverIt Secures $500k Seed Funding as First Drone Company in UP Defence Corridor

DEFENSE

HoverIt, the first drone company in the Uttar Pradesh Defence Industrial Corridor, has secured $500,000 in seed funding, increasing its valuation to over $5 million. Founded in August 2022, the company focuses on high-scale manufacturing and is supported by an advisory board of military and DRDO veterans. Its drones have already been deployed in real-time operations by the Indian Army, with plans for global marketing based on Indian military standards.

HoverIt Secures $500k Seed Funding as First Drone Company in UP Defence Corridor
Jan 16, 2026, 9:24 PM

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