Drone tech start-up AUS signs Rs 3.75 cr lease financing deal with Grip

Grip and AUS have entered a deal that allows retail investors to invest in India's growing drone market

Alternative investment platform Grip and Aarav Unmanned Systems (AUS) have entered a lease financing deal worth Rs 3.75 crore that paves the way for retail investors to invest in the drone ecosystem in India.

Through this, Grip said it is trying to unlock a new revenue stream for promising businesses in India’s drone segment by leveraging lease financing options. Under the agreement, Grip will enable AUS to build new revenue streams by leveraging lease financing for more than 50 drones.

AUS  was established in 2013 and has so far has mapped more than 5 million acres, 15000 villages and 35