Drone Tech Startup AlgoFET Secures ₹15 Cr Pre-Series A

21 Aug 2026, 4:13 pm · 22d ago · 1 min read · YourStory

Bengaluru-based drone ground infrastructure startup AlgoFET has raised ₹15 crore in a pre-Series A funding round led by Piper Serica in August 2026. Founded on December 30, 2023, by Chief Executive Officer Ankit Mishra, the company manufactures automated docking stations that enable unmanned aerial vehicles to land and recharge autonomously without human intervention. AlgoFET is supported by ARTPARK at the Indian Institute of Science. The startup has already deployed over 2,000 docking units and claims an order pipeline exceeding 4,000 units, representing an order book valued at approximately ₹100 crore across commercial and industrial drone operations.