Target Arm is a drone service startup that develops a system called “Tular” that can integrate the launch (at a maximum speed of over 60 mph), recovery, charging, and retention of drones on vehicles/ships. The system’s intended uses include delivery from vehicles while on the move and fulfilling military and commercial delivery-focused requirements. As of March 2024, the company was in the process of commercializing the product.
Key customers and partnerships
Target Arm has strategic partnerships with companies including BIB Technologies to jointly develop autonomous electric delivery trucks with drones moving up to highway speed (October 2020); Autonodyne and Valqari for end-to-end package delivery (August 2019); Geensight, a provider of scalable, enterprise platform for low altitude aerial intelligence; Unmanned Systems Operations Group (USOG), a drone-based logistics tech provider; and LYNQ, a provider of manufacturing execution system (MES) software.
Funding and financials
In April 2024, Target Arm raised approximately USD 498,000 in a crowdfunding campaign at a valuation of USD 60 million.
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