Business Category: Education Manufacturing Technology
Founding Year: 2014
Startup Stage: Revenue Generation
Support Required: Funding Mentoring
Fund requirement (): 20000000
Structure of the Company: PVT Ltd.
Executive Summary: EduRade through its research and development wing – Drones Tech Lab is primarily engaged in manufacturing and supplying drones to farmers (with automated agriculture systems to monitor and develop their crops yields), Industrial drones for Mining surveys, Map growth, Infrastructure inspections & planning for building, power lines, pipelines etca along with 2D mapping & 3D mapping , Defense Organizations (Surveillance & Combat Drones) and also providing automated drones to health industry. EduRade has a strategic tie-up with premier institutions of this country to impart yearly application oriented training programs on emerging technologies including Drones, IOT, Artificial Intelligence to provide a chance to the bright minds to hone their hands-on skills by participating in live projects and interning at the research and development wing. They function to reduce operational cost and diminish inefficiency in various industries where a considerable amount is invested in manual labour like, mining surveys of 6.9 billion every year, 3.2 billion for inspections & planning of building, power lines, pipelines etc. They are also assisting in increase of quality crop production and thus generating greater revenue with lesser efforts in farming. Edurade is providing a platform for skill development of students and on-the-job training. They are addressing the problem faced in different sectors like agriculture, defense health and industrial applications with their automated drones. While others are focused in developing drones for aerial imaging, survey and shoots only, they are involved in R&D of these drones. Their drones are software-controlled and thus are safer, more reliable and offer an on-demand scalable solution at a much lower cost. Edurade offers a platform for skill development of students while solving real time industrial problems faced by our society helping to keep the R&D costs in check by providing best internships to bright minds. Presently, no entity in India addresses all these concerns as a whole. They are at present establishing India’s first Small drone R&D and manufacturing unit with DRDO and are working with INDIAN ARMY engineering units for development of combat and surveillance drones. They are also in process of test run of agri-drone for plucking best tea leaves in the gardens of Darjeeling and have already implemented the phase one test of industrial inspection drone in Anjani steel Ltd (Chhattisgarh).Edurade has already trained over ten thousand students across the country through various programs on emerging technology. They have also developed DIY kits for every student based upon age groups and are in process of connecting with e-commerce platform for mass scale retails of the same. Their prime focus is to develop a complete unmanned aircraft system (UAS) platform that includes both hardware and software applications. They also aim at developing strategic partnerships with companies specializing in thermal imaging and remote visual inspection to find their niche in the industry.
Market need: Absence of an unique organisation that caters to the customized drones need of ever growing demands in agriculture, health, defense industry. Automating tasks through specially manufactured drones to maximize results for any industry involving very little human intervention as well as creating an environment and providing opportunity to youths to develop their application oriented skills by involving in live projects that we bag for several private as well as government organisations.
Product/Service description: We at EduRade are primarily engaged in manufacturing and supplying drones to farmers (with automated agriculture systems to monitor and develop their crops yields), Defence Organizations (Surveillance & Combat Drones) ,Health (Pilot run in Kolkata to transfer emergency med help) and other allied activities and solving those problems through automated drones. Moreover as stated earlier we are currently serving a Defence tender worth INR 22 Lakhs to build a unique state-of-art UAV Laboratory under DRDO. Moreover Transforming classroom education pedagogy by introducing hands-on learning methods with dedicated range of products.
Customers/Users: $18.4 billion: Estimated size of small drone market in 2019 (Source: ABI Research) growing by a CAGR of more than 52%. 170,000: Estimated number of drones in commercial use by 2020 (Source: Markets and Markets). The drone industry as a whole is growing by over 73%. (Source: business insider) We have scaled till today with growth rate of around 150% taking account of our market presence period. We have planned to grow in a minimum average steady growth rate of 60 %. Target Customer : Government and Defence organizations. Forest and Civil Departments. Oil and gas exploration & mining. Remote sensing & communications. Civilian & commercial purposes. Engineers passing out each year – roughly 15 lakhs. 7000+ engineering colleges in INDIA. 1.3 million schools in India.
Revenue Model: We have been bootstrapping since three years and that has been possible due to the validation of our sales funnel and decreasing the sales cycle lead conversion time to a great extent owing to our unique way of generating revenue through our training programs and diverting a healthy percentage of this amount to our Research and Development Wing to solidify and strengthen this wing.
Current traction: We are into existence from last 3 years having drones for Defense Surveillance, Agriculture, Forest Departments and Health (pilot run) and presently we are serving a defense tender and have trained over 7000+ students pan India. About our media presence and awards bestowed upon us :- Winner - Ideas to Implementation 2017 - IIM Calcutta's Flagship Business Plan Competition. Top 3 Business Idea for Eastern Region - ABP news Haywards 5000 Hausla Buland Academy. Top 7 Business Idea - Kolkata TiECON'15. India's Top 25 Start Up - TATA First Dot'15. Unique Entrepreneurial Initiative - Public Relations Society of India. Pilot Projects mentioned in The Statesman. Featured in prominent print media and online media - Economic Times, Times of India, The Telegraph, Sandesh, Your Story, Inc 42, Divya Bhaskar, Hindustan, Dainik Jagaran. Website : www.edurade.com Workshop Videos : www.youtube.com/c/edurade https://www.facebook.com/edurade/ https://plus.google.com/+EduRade https://twitter.com/edurade_india https://www.linkedin.com/company/edurade https://www.instagram.com/edurade_india/