By James Blackman | July 10, 2023
US private cellular and drone services provider Ondas Holdings, parent of Ondas Networks, has raised “at least” $15 million in a two-phase venture funding deal with Charles & Potomac Capital (C&P Group). The new investment will go to “accelerate production, fulfill backlog and support growth”, the company said. Specifically, it cited fulfilment of a January deal with Siemens to supply radios in the 160 MHz band for freight rail in the US.
The new funding effectively covers Ondas’ $15.2 million outlay on Israeli drone system and platform developer Airobotics in January, actually agreed as a merger-acquisition. Airobotics has been combined into American Robotics, acquired by Ondas Holdings for $70.6 million in 2021. Ondas is offering a combined solution for private networks and unmanned autonomous vehicles (UAV) to utility and industrial markets.
Source: RCR Wireless