Enercomp, a leading drone technology company headquartered in Ahmedabad, has announced the successful closure of its pre-Series A funding round, raising a significant investment of ₹2.5 crore. The round was exclusively advised by Bestvantage Investments and saw participation from a Chennai-based family office, strategic investors with expertise in IT, and investors from Europe, aimed at supporting Enercomp’s international expansion efforts.
The fresh capital infusion will enable Enercomp to further develop and enhance its innovative drone technology. Additionally, it will facilitate the expansion of its manufacturing footprint to meet the growing demand for its cutting-edge solutions.
Enercomp’s advanced drone technology is revolutionizing various industries, including energy, agriculture, and infrastructure. By leveraging artificial intelligence and machine learning, its drones efficiently collect and analyze vast amounts of data, providing clients with valuable insights for operational optimization and informed decision-making.
The company has experienced remarkable growth, witnessing a threefold increase in recent years. Enercomp boasts a prestigious clientele, including Tata Projects, RIL, Shapoorji Pallonji, and others. Their consistent growth trajectory, averaging 200% yearly for the past five years, underscores their commitment to excellence.
Jatin Patel, Co-founder and CEO of Enercomp, expressed satisfaction with the company’s performance, stating, “In the current fiscal year (23-24), we have already touched ₹5.5 crore. Moreover, our current order book stands strong at over ₹5 crore. Furthermore, we are pleased to share that Enercomp has achieved EBITDA-level profitability, a testament to our sound business model and operational efficiency.”
Enercomp is making significant strides in regulatory compliance, with one of its drones completing a rigorous two-stage audit process for DGCA approval, and another in the queue. The company has expanded its team to over 60 talented individuals and inaugurated an office in Pune. In a bid to enhance scalability and efficiency, they have relocated their drone manufacturing and other offices to the GIDC (Industrial Area) in Ahmedabad, occupying a spacious 12,000 square feet facility for mass production.
With this successful funding round and continued growth trajectory, Enercomp solidifies its position as a key player in the drone technology landscape, poised for further innovation and expansion.
