Founded in August 2022 in Lucknow, HoverIt is the first drone company to establish operations in the Uttar Pradesh Defence Industrial Corridor. Its core product line comprises military-grade UAVs that have already been deployed by the Indian Army in real-time battlefield scenarios. Led by aerospace veterans Saurav Singh, Ravinder Pal Singh, and Pawan Pandey, the firm follows a practitioner-first model and is guided by an advisory board of senior Indian armed-forces officers and DRDO experts to align R&D with frontline requirements. The company focuses on high-altitude endurance, electronic counter-countermeasures, and ruggedised platforms suitable for multi-domain operations. HoverIt recently transitioned from R&D to large-scale manufacturing and seeks to market its systems globally, leveraging India’s demanding operational standards as a proof point. Financially, the start-up crossed a $5 million valuation and closed a $500 k seed round, with a second raise already on the horizon.

Total raised

$1M

Funding rounds

1

Latest round

Seed

Latest activity

Jan 2026