{"id":10216,"date":"2023-01-25T09:00:12","date_gmt":"2023-01-25T00:00:12","guid":{"rendered":"https:\/\/www.terra-drone.net\/global\/?p=10216"},"modified":"2024-01-17T16:38:00","modified_gmt":"2024-01-17T07:38:00","slug":"terra-drone-raises-14-million-from-aramcos-waed-ventures","status":"publish","type":"post","link":"https:\/\/terra-drone.net\/global\/2023\/01\/25\/terra-drone-raises-14-million-from-aramcos-waed-ventures\/","title":{"rendered":"Terra Drone Raises $14 Million from Aramco\u2019s Wa\u2019ed Ventures"},"content":{"rendered":"<ul>\n<li>\n<h4>\u00a0Terra Drone is the first Asian startup to raise funding from Wa\u2019ed Ventures, the venture capital arm of the oil and gas giant and the 2nd biggest company in the world by market cap, Aramco<\/h4>\n<\/li>\n<li>\n<h4>The company will establish a new subsidiary for its operations in Saudi Arabia to conduct drone survey, inspection and unmanned traffic management (UTM) across various projects in Saudi Arabia<\/h4>\n<\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-10217\" src=\"https:\/\/web-corp.terra-drone.net\/global\/wp-content\/uploads\/2023\/01\/TD_1920\u00d71080px-1024x576.jpg\" alt=\"\" width=\"800\" height=\"450\" srcset=\"https:\/\/terra-drone.net\/global\/wp-content\/uploads\/2023\/01\/TD_1920\u00d71080px-1024x576.jpg 1024w, https:\/\/terra-drone.net\/global\/wp-content\/uploads\/2023\/01\/TD_1920\u00d71080px-300x169.jpg 300w, https:\/\/terra-drone.net\/global\/wp-content\/uploads\/2023\/01\/TD_1920\u00d71080px-768x432.jpg 768w, https:\/\/terra-drone.net\/global\/wp-content\/uploads\/2023\/01\/TD_1920\u00d71080px-1536x864.jpg 1536w, https:\/\/terra-drone.net\/global\/wp-content\/uploads\/2023\/01\/TD_1920\u00d71080px.jpg 1920w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/p>\n<p><strong>TOKYO, January 25, 2023 \u2013<\/strong>\u00a0Terra Drone Corporation, a leading drone, and Urban Air Mobility (UAM) technology provider, has raised $14 million in funding from Wa\u2019ed Ventures, the venture capital arm of the biggest oil producer in the world, Aramco. With this financing, Terra Drone will set up a new subsidiary in the Kingdom of Saudi Arabia, Terra Drone Arabia, in line with the Saudi government\u2019s \u201cVision 2030.\u201d<\/p>\n<p>First announced in 2016, the Vision 2030 reform plan aims to stimulate economic transformation in Saudi Arabia by reducing the country\u2019s dependence on hydrocarbons. Technology is at the heart of this initiative, and the Saudi government is focusing its efforts on promoting the use of drones in services such as asset inspections.<\/p>\n<p>Wa\u2019ed Ventures was formed in 2013 specifically to boost tech-based innovation in the Kingdom by investing in startups that can become national champions and fill critical gaps in the Saudi economy. This is the first time Wa\u2019ed Ventures is investing in an Asian startup, which is a testament to Terra Drone\u2019s vision, state-of-the-art digital solutions, and cutting-edge drone technologies. Terra Drone will support a new subsidiary by taking advantage of the whole business experiences of Terra Drone in South-East Asia and Europe, the No.1 drone solution provider in the world in the fields of survey, inspection, and UTM.<\/p>\n<p>With the establishment of Terra Drone Arabia, the company hopes to create new job opportunities in Saudi Arabia while accelerating the development of the drone industry in the Middle East. Terra drone will provide oil-gas inspection services, The new subsidiary will also help Terra Drone, which is counted among the top two drone service providers in the world, to further its expansion globally. At present, Terra Drone provides drone and UAM solutions in 10 countries across the world.<\/p>\n<p>Unifly is the leading UTM technology provider in the world, having a strong presence in Europe and North America. Terra Drone is the largest shareholder of Unifly.<\/p>\n<p>The new subsidiary Terra Drone Arabia 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>Fahad Alidi, Managing Director at Wa\u2019ed Ventures, said: \u201cSupported by the global track record of Terra Drone, our investment represents our commitment towards building the UAM ecosystem in the Kingdom, one that circles around a sustainable economy. We foresee rapid adoption for UAM technology as an emerging tech vertical in the region, and Terra Drone is well-positioned to localize their innovation across the region, starting with the Kingdom.\u201d<\/p>\n<p>Toru Tokushige, founder and CEO of Terra Drone Corporation, adds, \u201cTerra Drone has been in business since 2016, the dawn of the drone era, with a mission to evolve the world from the sky. Six years later, we are approaching a future where drones and aerial vehicles will no longer be a novelty. We have built up a solid track record both domestically and internationally up to this point, and have grown to be recognized as the top drone service provider in the world. Aramco\u2019s investment in Terra Drone through its VC arm Wa\u2019ed Ventures is another example of the global recognition for our achievements, which raises the expectations for our team as we continue to push forward and lead Terra Drone to the forefront of the global innovation track.\u201d<\/p>\n<p><strong>\u2013\u00a0\u00a0\u00a0 Ends\u00a0\u00a0 \u2013<\/strong><\/p>\n<p><strong>About Terra Drone<\/strong><\/p>\n<p>Founded in 2016, Terra Drone is a leading drone and Urban Air Mobility (UAM) technology with a mission of \u201cevolving the world from the sky.\u201d Our indigenous and patented drone surveying and inspection solutions are being leveraged by the oil and gas, chemical, and construction industries in Japan and abroad. Our systems for unmanned traffic management (UTM) and efficient UAM have also been introduced in eight countries around the world. We\u2019ve been ranked No. 2 in the world in the \u201cTop commercial drone service providers ranking 2022\u201d by Drone Industry Insights, a global drone market research organization. For more information, please visit:\u00a0<a href=\"https:\/\/fundingwebsite2023.terra-drone.net\/en\/\">https:\/\/fundingwebsite2023.terra-drone.net\/en\/\u3000<\/a>(Special Site)<\/p>\n<p>For more information, please contact:<br \/>\nTel\uff0b81-3-6419-7193<br \/>\nEmail:\u00a0<a href=\"pr@terra-drone.co.jp\">pr@terra-drone.co.jp<\/a><br \/>\nWebsite:\u00a0<a href=\"https:\/\/www.terra-drone.net\/global\/\">https:\/\/www.terra-drone.net\/global\/<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0Terra Drone is the first Asian startup to raise funding from Wa\u2019ed Ventures, the venture capital arm of the oil and gas giant and 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 survey, inspection and unmanned [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":10217,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[189],"tags":[213,219,428,293,413,231],"_links":{"self":[{"href":"https:\/\/terra-drone.net\/global\/wp-json\/wp\/v2\/posts\/10216"}],"collection":[{"href":"https:\/\/terra-drone.net\/global\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/terra-drone.net\/global\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/terra-drone.net\/global\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/terra-drone.net\/global\/wp-json\/wp\/v2\/comments?post=10216"}],"version-history":[{"count":1,"href":"https:\/\/terra-drone.net\/global\/wp-json\/wp\/v2\/posts\/10216\/revisions"}],"predecessor-version":[{"id":10913,"href":"https:\/\/terra-drone.net\/global\/wp-json\/wp\/v2\/posts\/10216\/revisions\/10913"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/terra-drone.net\/global\/wp-json\/wp\/v2\/media\/10217"}],"wp:attachment":[{"href":"https:\/\/terra-drone.net\/global\/wp-json\/wp\/v2\/media?parent=10216"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/terra-drone.net\/global\/wp-json\/wp\/v2\/categories?post=10216"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/terra-drone.net\/global\/wp-json\/wp\/v2\/tags?post=10216"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}