TOKYO, Feb. 1, 2025 /PRNewswire/ -- Terra Drone Corporation, recognized as the No.1 Drone Service Provider in the world for 2024, has announced the simultaneous release of its in-house developed indoor inspection drone, "Terra Xross 1", in Japan and the United States. Featuring advanced technologies, "Terra Xross 1" ensures stable flight performance, even in challenging indoor conditions, with affordable initial costs.

Indoor inspections often face challenges such as dangerous working environments and operational cost inefficiencies. However, conventional drone solutions have seen limited adoption due to unstable flight performance and high initial costs. To address these issues, Terra Drone developed the "Terra Xross 1" enabling stable flight without requiring advanced operation skills, even in unstable indoor conditions. It is priced at approximately one-third of its competitors, making it accessible to a broader range of customers.

"Terra Xross 1," boasts five key features designed to achieve stable flight in challenging indoor inspection environments, all at an affordable price.

1. Stable Flight with Advanced Sensors: Equipped with both visual odometry sensors and Lidar provides reliable performance even in cramped, dark, or dusty conditions, by switching to either suitable function.
2. Affordable Pricing: Optimized development and manufacturing processes allow prices under $25,000 USD—approximately one-third the cost of existing indoor inspection drones.
3. Extended Flight Time: The optional tethering module eliminates power depletion and crush risks, enabling continuous operation and enhancing efficiency.
4. High-Quality Imaging: A 180° tiltable 4K Camera and LED light ensures clear, high-quality image and video capture, even in low-light indoor conditions.
5. Streamlined Data Management: Inspection data can be uploaded to a cloud system, where it is easily linked to 3D data, along with associated cloud point and video data, enabling quick and efficient sharing.

"Terra Xross 1" is designed for a wide range of industries and applications, including infrastructure inspection, mining mapping, disaster survey, and security monitoring. By providing "Terra Xross 1", Terra Drone continues to be committed to driving safety, efficiency, and cost-effectiveness, unlocking new possibilities for users of all experience levels in the indoor inspection industry.

Terra Drone
Terra Drone was recognized as the No.1 Drone Service Provider in the world for 2024 and was listed on the Tokyo Stock Exchange Growth Market (Stock Code: 278A) on November 29 of the same year.
Website: https://terra-drone.net/global/

More Information: https://terraxross.terra-drone.net/en
Inquiry Form: https://pdt.terra-drone.net/l/1016432/2025-01-28/48z6r

World's first collaboration by multiple UTM leaders aims to enable AAMs to take off around the globe

TOKYO, April 25, 2024 /PRNewswire/ -- Terra Drone Corporation, a leading drone and Advanced Air Mobility (AAM) technology provider headquartered in Japan, has announced the launch of joint development with its Group companies Unifly NV ("Unifly") and Aloft Technologies Inc. ("Aloft") focused on UAS Traffic Management (UTM) (1) for AAMs targeting global markets. Terra Drone has been making strides in its pioneering UTM business via strategic investments in Unifly, a leading UTM technology provider based in Belgium, and Aloft, which has the top UTM market share in the U.S. This collaboration marks the world's first-ever (2) joint UTM development for AAMs by multiple companies with extensive track records in UTM implementation and operation. The three companies made the announcement at the prominent uncrewed system and robotics expo XPONENTIAL 2024 in San Diego.

Terra Drone, Unifly, and Aloft are embarking on this joint UTM development to seize the opportunities presented by the rapid global progress in electric vertical take-off and landing aircrafts (eVTOLs), which are poised to revolutionize transportation. According to research by Morgan Stanley, the Urban Air Mobility (UAM) market is expected to grow to $1 trillion by 2040 and $9 trillion by 2050 (3). In the meanwhile, eVTOLs have been capturing the public's imagination worldwide through test flights and prototype showcases.

The three companies are uniquely positioned for joint UTM collaboration given their decade of experience in UTM development since the dawn of the modern drone industry. Terra Drone is the world's second-largest drone solution provider (4). Unifly has a world-class track record in UTM implementation at the national level in countries such as Canada and Germany. Aloft has an over 84% share of the UTM market in the U.S. (5), considered the world's largest market for drones and eVTOLs.

The companies proudly announce initiatives aimed at enhancing their existing UTM platforms, in anticipation of the upcoming surge in eVTOL aircraft and drone activities. The shared vision for the UTM platform is to enable safe and efficient flight operations for eVTOLs and drones in the foreseeable future. The platforms are designed with a strong emphasis on automation, currently boasting advanced planning functionalities and sophisticated NOTAM (6) parsing capabilities, underscoring our commitment to supporting AAM.

Recognizing the evolving needs of the AAM industry, they are dedicated to further extending their platform by incorporating additional functions vital for this sector. These enhancements, designed with automation at their core, will not only streamline operational efficiencies but also pave the way for the integration of their increasingly automated and sophisticated UTM technology into the design and operational framework of AAMs. Through these efforts, they aim to set new standards in UTM and to facilitate the seamless integration of eVTOLs and drones into the national airspace, bolstering the potential for the AAM industry.

In pursuit of this vision, Terra Drone, Unifly, and Aloft are actively seeking collaboration with a broad array of partners. This includes eVTOL manufacturers, eVTOL operators, vertiport (7) operators, aviation authorities, air navigation service providers (ANSPs), urban planners to seamlessly integrate AAM into city infrastructures, and educational institutions for research and development.

Through this groundbreaking initiative, the three companies aim to build a global UTM infrastructure that kickstarts the AAM industry worldwide. By forging strategic partnerships across these diverse sectors, they seek to create a cohesive ecosystem that not only supports the growth of AAM but also addresses the broader challenges of urban mobility, sustainability, and air traffic safety.

About Unifly

Unifly is a leading aviation tech company dedicated to enhancing the safety and efficiency of autonomous aviation with cutting-edge technology. The Unifly platform acts as a crucial bridge within the UAS ecosystem, enabling the safe and secure integration of next-generation aircraft into the airspace. By digitizing and automating traffic management and integrating seamlessly with drones and Urban Air Mobility (UAM), Unifly addresses the exponential growth in air traffic expected in the coming decades. The company has a proven track record of implementing more than ten commercial UTM deployments, establishing it as a world leader in this industry.

For more information, please visit the website at Unifly.aero or contact us at press@unifly.aero.

About Aloft
Aloft Technologies, Inc., founded in 2015, is at the forefront of drone fleet and airspace management. Powering over two thirds of all drone airspace authorizations in the United States, Aloft is the #1 FAA-approved LAANC UAS Service Supplier (USS). Aloft's patented dynamic airspace platform is integral to the Aloft UTM which has, to date, powered over 1 million airspace authorizations. Aloft's diverse user base spans recreational, commercial, government, law enforcement, and advanced air mobility sectors. Air Aware is the latest edition to Aloft's UTM platform that also includes Air Control for advanced fleet, team, and airspace management, and Geo for public safety and other verified agencies to publish safety and compliance information directly onto the Aloft airspace maps.
For more information, please visit https://www.aloft.ai/

About Terra Drone

Terra Drone is a pioneering drone and Urban Air Mobility (UAM) technology company headquartered in Japan. With the mission to "Unlock X Dimensions" and create a prosperous future by "crossing" bridges, Terra Drone integrates diverse fields to foster innovation and find solutions. The company's proprietary, patented technologies in drones, sensors, and software are the foundation of its specialized solutions that range from surveying and inspections to pesticide spraying and are revolutionizing key industries including oil and gas, construction and engineering, chemicals, electricity, and agriculture on a global scale.

For more information, please visit http://www.terra-drone.net

Terra Drone is now the largest shareholder of Aloft, the largest FAA-Approved UAS Service Supplier powering over 84% of all airspace authorizations

TOKYO, March 20, 2024 /PRNewswire/ -- Terra Drone Corporation (Terra Drone), a leading drone and Advanced Air Mobility (AAM) technology provider headquartered in Japan, has announced an investment in Aloft Technologies (Aloft), a company focusing on developing UTM, and a market leader in drone fleet and airspace management in the United States.

This investment makes Terra Drone the largest shareholder in Aloft, with Aloft becoming an affiliate company of Terra Drone. In addition, the board of directors of Aloft has appointed Yuki Ueno, Terra Drone's executive officer in charge of domestic and international Unmanned Aerial System Traffic Management (UTM) business, to the Aloft board.

This partnership also marks Terra Drone's official entry into the US, which is considered the world's largest market for drones and AAMs. Together with Aloft and Unifly, a Belgium-based UTM provider that became a Terra Drone subsidiary in July 2023, Terra Drone is positioned to contribute to the development of the UTM ecosystem on a global scale.

Toru Tokushige, Founder and CEO of Terra Drone, says, "We see a future where drones and AAMs become a part of our daily lives. The implementation and seamless operation of a UTM system are essential to make this dream a reality. We have been focusing on UTM technology since the dawn of drones, with our earliest investment in Unifly dating back to 2016. Now, as drones and AAMs move into a new phase of development, UTM has become a priority for aviation authorities around the world. By investing in Aloft and becoming its largest shareholder, we intend to further evolve UTM on a global level. We also plan to expand aggressively in the U.S., considered to be the largest market for drones and AAMs."

"The integration of UTM systems is pivotal for the expansion, scalability, and sustainability of global drone operations," stated Jon Hegranes, Founder and CEO of Aloft. "Our collaboration with Terra Drone positions us at the forefront of this evolution, offering us the unique opportunity to harmonize operational standards and leverage technology to enhance the efficiency and reach of drone flights on an international scale."

Compared to Japan, there are approximately 2.4 times as many registered drones and 62 times as many registered manned aircraft in the U.S. (Figure 1). Additionally, a number of U.S. companies are developing and manufacturing drones and UAMs. In July 2023, the FAA released an implementation plan "Innovate 2028" providing the steps it and others will need to take to safely enable advanced air mobility operations in the near term.

Aloft was founded in 2015. With investments from commercial aircraft and space equipment manufacturer Boeing's Corporate Venture Capital (CVC) and Travelers Insurance, one of the largest insurance companies in the U.S., Aloft is a leading supplier of Federal Aviation Administration ("FAA") certified UAS services, powering over 84% of all airspace authorizations as of October in 2022 (*1), and last year announced that it had surpassed 1 million Low Altitude Authorization and Notification Capability (LAANC) requests (*2).

Aloft also provides a cloud-based drone fleet management system (*3) that enables centralized management of aircraft and pilot information. The solution supports complete drone operations, efficiently managing workflows from pre-flight to post-flight, and achieving automation and compliance. Other key features of the solution include aircraft and asset management, real-time live video sharing, and two-way voice communication. Every major industry has adopted the Aloft platform for mission critical drone operations management, including energy, utilities, oil and gas, media, construction, insurance, and public safety. Moreover, Aloft is SOC2 Type II and ISO 27001 certified for security.

Notes to Editor:

*1 "Aloft Launches New Fleet & UTM Capabilities, Surpassing 84% of LAANC Airspace Authorizations In September" - [Link: https://www.aloft.ai/blog/aloft-launches-new-fleet-utm-capabilities-surpassing-84-of-laanc-airspace-authorizations-in-september/ ]

*2 Low Altitude Authorization and Notification Capability (LAANC): A simplified UTM in the United States for airspace management, including approval and certification operations, for low-altitude unmanned aircraft. Calculations are based on FAA LAANC reports and Aloft user data, last published in Aloft's "State of LAANC" report last September. "State of LAANC: Aloft Crosses 1M Airspace Authorizations" - [Link: https://www.aloft.ai/blog/state-of-laanc-aloft-crosses-1m-airspace-authorizations/

*3 Fleet management system: A system that centralizes the operational management of pilots and multiple aircraft.

About Aloft
Aloft Technologies, Inc., founded in 2015, is at the forefront of drone fleet and airspace management. Powering over two thirds of all drone airspace authorizations in the United States, Aloft is the #1 FAA-approved LAANC UAS Service Supplier (USS). Aloft's patented dynamic airspace platform is integral to the Aloft UTM which has, to date, powered over 1 million airspace authorizations. Aloft's diverse user base spans recreational, commercial, government, law enforcement, and advanced air mobility sectors. Air Aware is the latest edition to Aloft's UTM platform that also includes Air Control for advanced fleet, team, and airspace management, and Geo for public safety and other verified agencies to publish safety and compliance information directly onto the Aloft airspace maps.
For more information, please visit https://www.aloft.ai/

About Terra Drone
Terra Drone is a pioneering drone and Urban Air Mobility (UAM) technology company headquartered in Japan. With the mission to "Unlock X Dimensions" and create a prosperous future by "crossing" bridges, Terra Drone integrates diverse fields to foster innovation and find solutions. The company's proprietary, patented technologies in drones, sensors, and software are the foundation of its specialized solutions that range from surveying and inspections to pesticide spraying and are revolutionizing key industries including oil and gas, construction and engineering, chemicals, electricity, and agriculture on a global scale.
For more information, please visit http://www.terra-drone.net

TOKYO, Dec. 27, 2023 /PRNewswire/ -- Unifly, a Terra Drone Corporation group company and a leading provider of Unmanned Traffic Management (UTM) systems, is proud to announce the successful completion of the groundbreaking Unified UTM Cybersecurity Model project, granted by the Federal Aviation Administration (FAA) as part of the Broad Agency Announcement call 003. In partnership with the Rhea Group and NY UAS Test Site (NYUASTS), the objective and purpose of the project was to refine a UTM cybersecurity model, including the requirements and certification scheme, and to validate the model in an operational environment.

Andres Van Swalm, CEO at Unifly, expressed his satisfaction, 'We are thrilled to have successfully led this R&D project in collaboration with FAA, Rhea, and FAA-designated UAS Test Site. As drone use continues to rise, it's vital to develop specific cybersecurity measures for UTM to ensure airspace safety and security. We take pride in our key role in this initiative.'"

With the rapid growth of the drone industry, ensuring the safety and security of our airspace is more important than ever. UTM systems have a big responsibility in this regard. The key characteristics of UTM systems - software-based, highly automated, and relatively recent - make them an attractive target for cyberattacks that exploit vulnerabilities, threatening aviation safety, the privacy of airspace users, and business operations. Although cybersecurity is unanimously recognized as a critical safety concern, UTM cybersecurity has only been partially explored to this date. This includes either considering a limited subset of security attributes (e.g., authentication) or applying generic cybersecurity frameworks (e.g., National Institute of Standards and Technology (NIST) Cybersecurity framework) that do not provide sufficient cyber resilience for the complex ecosystem that is UTM.

As a result, no comprehensive approach to system requirements, and much less a unified certification scheme, has been developed to assess and validate cybersecurity for UTM systems. These gaps have triggered an urgent need for an updated security framework.

In the initial phase of the project, interviews were conducted with the following stakeholders from the UTM ecosystem:

• FAA ATO (Federal Aviation Administration - Air Traffic Organization)
• NASA (National Aeronautics and Space Administration)
• CNA (The National Security Analysis)
• Nav Canada (The Air Navigation Service Provider of Canada)
• DroneUp (Drone Delivery Service Provider)

During the interviews, the concept of a unified UTM cybersecurity model was presented. Feedback and security requirements were collected from all interviewees, who acknowledged the need for a new security framework.

Jared Thompson, Nav Canada explains: "When considering traditional Air Traffic Management (ATM), it never had a model that focused on the operational aspect. Therefore, as we introduce additional layers like UTM, it's imperative to establish a cybersecurity direction as a baseline. While some operational frameworks do exist, they have not been applied in the ATM context.'"

Joey Rios, NASA emphasizes, "We indeed require the appropriate prerequisites for a UTM-specific cybersecurity framework. Additionally, there is a clear need for a verification approach to ensure the implementation of these requirements."

Eldon Myers, DroneUp affirms, "There is unquestionably a demand for such a framework. It should not only address the cybersecurity information and requirements but also ensure alignment with already established frameworks."

Alongside this input, the project team refined both the system requirements and the security controls for the updated prototype model. The updated prototype model underwent a demonstration through actual flights conducted in an operational environment at the NY Test site in Syracuse, utilizing tracking facilities and Unifly's Broadcast Location and Identification device (BLIP).

The extensive validation process comprised more than 60 flights conducted in diverse operational environments. These flights encompassed three distinct scenarios: operations under optimal conditions, operations subjected to simulated attacks, and operations with the implementation of countermeasures against such attacks.

The thorough testing and demonstration of the updated prototype model in real-world conditions at the NY Test site confirm the need and efficacy of the implemented security controls.

After extensive research, testing, and data gathering, several reports containing findings and best practices have been delivered. These reports will serve as a baseline for future cybersecurity framework development.

The results of this project will not only benefit the UTM industry but also various stakeholders, including drone operators, regulators, and the general public, by ensuring the safety and privacy of all airspace users. By implementing advanced cybersecurity measures, we can all have peace of mind, knowing that our airspace is secure.

This successful collaboration among Unifly and these stakeholders underscores the importance of partnerships and innovation in the ever-evolving world of UTM. Unifly remains committed to working with industry leaders to drive progress and enhance the safety of drones in our skies.

About Rhea Group
The Rhea Group is a prominent global engineering and consulting company with expertise in space, security, and other advanced technology sectors. They specialize in providing innovative solutions, research, and project management services to various industries, including space exploration, cybersecurity, and defense. The Rhea Group plays a key role in advancing cutting-edge technologies and facilitating collaborations between industry, government, and academia to drive progress in these critical fields.

About New York UAS Test Site
The NYUASTS provides flight-testing opportunities for all classes of UAS, from small drones to full-sized commercial aircraft, offering all the capabilities of a towered airport surrounded by Class D airspace and a fully instrumented BVLOS flight corridor. From the NY Test Site, UAS flights can reach an unparalleled variety of test environments, including urban and suburban areas, rural agricultural land, hills, and mountain terrain, and over water. The NYUASTS collaborates with industry, academia, defense, federal agencies, and public safety to advance the development of UAS technology and policy to safely integrate UAS into the NAS.

About Unifly
Unifly is a prominent provider of UTM and U-space solutions for drone operators. The company's mission is to facilitate the safe, efficient, and scalable integration of drones into airspace. Unifly boasts a proven track record of successfully delivering UTM technology on a global scale. For more information, please visit the website at Unifly.aero

About Terra Drone
Terra Drone is a pioneering drone and Urban Air Mobility (UAM) technology company headquartered in Japan, with the mission to [Unlock "X" Dimensions], creating a prosperous future by "crossing" bridges by integrating diverse fields to foster innovation and find solutions. Terra Drone's proprietary technologies in drones, sensors, and software revolutionize industries globally, from oil and gas to agriculture. In July 2023, Terra Drone acquired a majority stake in Unifly, a world leading provider of Unmanned Aircraft Systems Traffic Management (UTM) systems, aiming to establish a digital infrastructure in the skies to maximize the potential of air mobility.

For more information, please visit https://terra-drone.net/global/

• Japan's Terra Drone Corporation announced "Terra Agri," a new service aimed at sustainable agriculture globally to advance technology-driven precision agriculture from Southeast Asia to the world.
• Avirtech specializes in providing pesticide spraying and mapping services using drones. And developed the world's first gimbal-based spraying for high precision.

TOKYO, Sept. 21, 2023 /PRNewswire/ -- Terra Drone Corporation, a leading drone and Urban Air Mobility (UAM) technology provider, expands into the precision agriculture sector by acquiring the business of Avirtech, a leading startup providing agricultural drone spraying and mapping service in Southeast Asia. Terra Drone establishes a new company Terra Drone Agri in Malaysia. And develops its business in Malaysia and Indonesia under the new business brand "Terra Agri".

By reducing pesticide use and achieving growth with a significantly lower carbon footprint, drones empower farmers to become climate-smart.

Leading drone research firms, including Drone Industry Insights, recognize Terra Drone as one of the top drone service providers worldwide. Terra Drone has successfully completed over 3,000 surveys and inspection projects in 10 countries, while its subsidiary Unifly's the unmanned traffic management (UTM) system has become the most widely adopted in North America, Europe, and the Middle East.

Avirtech specializes in providing pesticide spraying and mapping services using drones and artificial intelligence (AI). The company's solutions assist palm oil farmers and plantation companies to minimize crop failures, reducing operating costs by 30%. Executing up to 4,000 flights daily, Avirtech has contributed to the scientific cultivation of over 200,000 hectares of land in Indonesia and Malaysia.

Indonesia and Malaysia are recognized as major palm oil producers, accounting for around 80% of global production^[1]. However, these countries face serious issues including deforestation, ecological impacts, harsh labor conditions, labor shortages, and other environmental problems. Moreover, soaring prices stemming from a shortage of palm oil supply have become a major concern.

Through these businesses, Avirtech has helped solve labor shortages, enhance worker safety, and boost productivity in the palm oil industry. Also, Avirtech is expected to continue addressing these issues and support sustainable palm oil production while also delivering value as an ESG investment.

The integration of Terra Drone's global leadership in Unmanned Aerial Vehicle (UAV) technology with Avirtech's precision farming prowess has driven the growth of Terra Agri. The primary focus market for this new business is Indonesia and Malaysia.

Notes to editors:

[1]: Source: USDA "Palm Oil 2023World Production"
https://ipad.fas.usda.gov/cropexplorer/cropview/commodityView.aspx?cropid=4243000 

• Terra Drone is the first Asian startup to raise funding from Wa'ed Ventures, the venture capital of 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 traffic management (UTM) in Saudi Arabia

TOKYO, Jan. 25, 2023 /PRNewswire/ -- Terra Drone Corporation, a leading drone and Urban Air Mobility (UAM) technology provider, has raised $14 million in funding from Wa'ed 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's "Vision 2030."

First announced in 2016, the Vision 2030 reform plan aims to stimulate economic transformation in Saudi Arabia by reducing the country's dependence on hydrocarbons. Technology is at the heart of this initiative and the Saudi government is focusing its efforts to promote the use of drones in services such as asset inspections.

Wa'ed Ventures was founded in 2013 and specializes in fostering innovation by investing in startups to develop the Saudi Arabian economy. This is the first time Wa'ed Ventures is investing in an Asian startup, which is a testament to Terra Drone's vision, state-of-the-art digital solutions, and cutting-edge drone technologies. Terra Drone will support a new subsidiary by taking advantage of whole business experiences of Terra Drone in Global, No.1 drone solution provider in the world in the fields of survey, inspection and unmanned traffic management (UTM).

With the establishment of Terra Drone Arabia. 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.

Unifly is the leading UTM technology provider in the world, having strong presence in Europe and North America. Terra Drone is the largest shareholder of Unifly.

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.

Special Site: http://aramco2023.terra-drone.net/en
Contact Form: https://pro.form-mailer.jp/fms/dc9eb557276524

TOKYO, March 23, 2022 /PRNewswire/ -- Drone and Urban Air Mobility (UAM) technology company Terra Drone Corporation announced today that it has raised $70 million (8 billion Japanese yen) in Series B funding with investments from Mitsui & Co., Ltd., SBI Investment Co., Ltd., Tokyu Land Corporation, Kyushu Electric Power T&D, and Seika Corporation. The round also saw the funding by Japan Overseas Infrastructure Investment Corporation for Transport & Urban Development (JOIN) – a public-private infrastructure fund by the Japanese Ministry of Land, Infrastructure, Transport and Tourism (MLIT) – to the newly established joint venture, as well as participation from existing investor Venture Lab Investment.

"Our airspace is going to get more crowded than ever, but most companies today are concentrating only on hardware development," says Toru Tokushige, founder and CEO of Terra Drone. "There's an urgent need for a global air traffic management solution to enable safe and efficient drone and UAM operations, and Terra Drone aims to be the leading player building the digital infrastructure in the sky."

To that end, Terra Drone has been working with the Japan Aerospace Exploration Agency (JAXA) to coordinate flight management of both crewed and uncrewed aircraft.

Meanwhile, in the drone inspection vertical, Netherlands-based group company Terra Inspectioneering is serving Oil and Gas production and processing companies such as Shell, BASF, and Bunge. In Southeast Asia, Terra Drone offers survey, inspection, and surveillance services through group company Terra Drone Indonesia whose clients include Chevron, ConocoPhillips, and AECOM.

The company is further enhancing safety and efficiency in many other industries by implementing drone-based solutions worldwide.

"A focus on increasing recurring revenue through the sale of survey-grade hardware and cloud based software such as Terra LiDAR; providing specialized solutions such as ultrasonic thickness (UT) measurements and non-destructive testing (NDT) using drones through Terra Inspectioneering; and a strategic consolidation of overseas business has made us well-positioned for success. With this latest round of funding, we will be able to scale up operations and innovate faster," Tokushige says.

Terra Drone will continue with its commitment of "Evolving the world from the sky".

About Terra Drone

Founded in 2016, Terra Drone is a leading drone and Urban Air Mobility (UAM) technology company providing drone hardware and cloud-based software for survey and inspection such as Terra Lidar and thickness measurement by ultrasonic NDT. Also, in the field of UTM for drones and UAM, we have completed a partial technology transfer from JAXA in Japan.

We are the world's largest provider of industrial drone solutions, with offices throughout Japan, including its Tokyo headquarters, and overseas operations primarily in Europe and Southeast Asia. We've been ranked No. 1 in the world in the "Drone Services Companies Worldwide Ranking 2020" by Drone Industry Insights, a global drone market research organization, for two years in a row and and raised Series B funding in March 2022, bringing total funding to $83 million.

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