Lucknow, Jan. 15 -- In the rapidly shifting landscape of global defence technology, the transition from laboratory prototypes to battle-hardened assets is the ultimate litmus test for any aerospace startup. While many in the Unmanned Aerial Vehicle (UAV) sector are still navigating the hurdles of flight trials, HoverIt has carved out a formidable and distinct path. Established in August 2022, this Lucknow-based powerhouse has not only become the first drone company to anchor itself in the Uttar Pradesh Defence Industrial Corridor but has also seen its valuation soar past the $5 million mark in record time.

The company's recent momentum was further solidified by a successful $500k funding, a strategic injection of capital that has fueled ...