{"id":15511,"date":"2023-01-25T00:00:00","date_gmt":"2023-01-25T00:00:00","guid":{"rendered":"https:\/\/www.prnasia.com\/story\/archive\/3988194_AE88194_0"},"modified":"2023-01-25T00:00:00","modified_gmt":"2023-01-25T00:00:00","slug":"terra-drone-raises-14-million-from-aramcos-waed-ventures","status":"publish","type":"post","link":"https:\/\/transmediavictoria.net.au\/?p=15511","title":{"rendered":"Terra Drone Raises $14 Million from Aramco&#8217;s Wa&#8217;ed Ventures"},"content":{"rendered":"<table name=\"logo_release\" border=\"0\" cellspacing=\"10\" cellpadding=\"5\" align=\"right\">\n<tbody>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mma.prnasia.com\/media2\/1771038\/TerraDrone_Logo.jpg?p=medium600\" border=\"0\" alt title=\"logo\" hspace=\"0\" vspace=\"0\" width=\"118\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<ul type=\"disc\">\n<li><b><span class=\"xn-person\">Terra Drone<\/span> is the first Asian startup to raise funding from Wa&#8217;ed Ventures, the venture capital of the 2nd biggest company in the world by market cap, Aramco<\/b><\/li>\n<li>The company will establish a new subsidiary for its operations in <span class=\"xn-location\">Saudi Arabia<\/span> to conduct drone&nbsp;<b>survey, inspection and unmanned traffic management (UTM)<\/b>&nbsp;in <span class=\"xn-location\">Saudi Arabia<\/span><\/li>\n<\/ul>\n<p><span class=\"xn-location\">TOKYO<\/span>, <span class=\"xn-chron\">Jan. 25, 2023<\/span> \/PRNewswire\/ &#8212; Terra Drone Corporation, a leading drone and Urban Air Mobility (UAM) technology provider, has raised <span class=\"xn-money\">$14 million<\/span> in funding from Wa&#8217;ed Ventures, the venture capital arm of the biggest oil producer in the world, Aramco. With this financing, <span class=\"xn-person\">Terra Drone<\/span> will set up a new subsidiary in the <span class=\"xn-location\">Kingdom of Saudi Arabia<\/span>, <span class=\"xn-person\">Terra Drone Arabia<\/span>, in line with the Saudi government&#8217;s &#8220;Vision 2030.&#8221;<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p> <a href=\"https:\/\/mma.prnasia.com\/media2\/1987896\/TD_1920_1080px_ID_6d69e96c1139.html\" target=\"_blank\" rel=\"nofollow noopener\"> <img decoding=\"async\" src=\"https:\/\/mma.prnasia.com\/media2\/1987896\/TD_1920_1080px_ID_6d69e96c1139.jpg?p=medium600\" title alt> <\/a> <br \/><span><\/span><\/p>\n<\/p><\/div>\n<p>First announced in 2016, the Vision 2030 reform plan aims to stimulate economic transformation in <span class=\"xn-location\">Saudi Arabia<\/span> by reducing the country&#8217;s dependence on hydrocarbons. Technology is at the heart of this initiative and the Saudi government is focusing its efforts to promote the use of drones in services such as asset inspections.<\/p>\n<p>Wa&#8217;ed Ventures was founded in 2013 and specializes in fostering innovation by investing in startups to develop the Saudi Arabian economy. This is the first time Wa&#8217;ed Ventures is investing in an Asian startup, which is a testament to <span class=\"xn-person\">Terra Drone&#8217;s<\/span> vision, state-of-the-art digital solutions, and cutting-edge drone technologies. <span class=\"xn-person\">Terra Drone<\/span> will support a new subsidiary by taking advantage of whole business experiences of <span class=\"xn-person\">Terra Drone<\/span> in Global, No.1 drone solution provider in the world in the fields of survey, inspection and unmanned traffic management (UTM).<\/p>\n<p>With the establishment of <span class=\"xn-person\">Terra Drone Arabia<\/span>. Terra drone will provide oil-gas inspection services, The new subsidiary will also help <span class=\"xn-person\">Terra Drone<\/span>, which is counted among the top two drone service providers in the world, to further its expansion globally. At present, <span class=\"xn-person\">Terra Drone<\/span> provides drone and UAM solutions in 10 countries across the world.<\/p>\n<p>Unifly&nbsp;is the leading UTM technology provider in the world, having strong presence in <span class=\"xn-location\">Europe<\/span> and <span class=\"xn-location\">North America<\/span>. <span class=\"xn-person\">Terra Drone<\/span> is the largest shareholder of Unifly.<\/p>\n<p>The new subsidiary <span class=\"xn-person\">Terra Drone Arabia<\/span> will further promote drone inspections to support the Saudi economy, ensure safe and efficient UAM in the country, and invest in the growth of both verticals.<\/p>\n<p>Special Site: <a href=\"http:\/\/aramco2023.terra-drone.net\/en\" target=\"_blank\" rel=\"nofollow noopener\">http:\/\/aramco2023.terra-drone.net\/en<\/a><br \/>Contact Form: <a href=\"https:\/\/pro.form-mailer.jp\/fms\/dc9eb557276524\" target=\"_blank\" rel=\"nofollow noopener\">https:\/\/pro.form-mailer.jp\/fms\/dc9eb557276524<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Terra Drone is the first Asian startup to raise funding from Wa&#8217;ed Ventures, the venture capital of the 2nd biggest company in the world by market cap, Aramco The company will establish a new subsidiary for its operations in Saudi Arabia to conduct drone&nbsp;survey, inspection and unmanned traffic management (UTM)&nbsp;in Saudi Arabia TOKYO, Jan. 25, [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":15512,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-15511","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - 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