Aramco backs Japan drone start-up
Saudi Arabia’s Aramco, the world’s largest oil company, has invested USD 14m in Japanese drone maker Terra Drone on the back of a JPY 8bn (USD 62m) Series B round.
The latest investment is a bridge round to help Terra set up a new subsidiary, Terra Drone Saudi, that will leverage the Saudi government’s Vision 2030 plan. A core tenet of Vision 2030 is to reduce...
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