Indian drone developer Raphe mPhibr raises $100M

Raphe mPhibr makes its drones from light carbon-fiber composites that have a high strength-to-weight ratio. | Source: Raphe mPhibr

Raphe mPhibr Pvt. Ltd. last month said it has raised $100 million in Series B funding. The company plans to use the investment for research and development as well as local production capabilities as drone usage increases on battlefields and for border surveillance.

“We are proud to join forces with Raphe mPhibr on their transformative journey to redefine...