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Terra Drone Raises $14 Million from Aramco’s Wa’ed Ventures

Terra Drone Corporation, a leading drone and Urban Air Mobility (UAM) technology provider, has raised $14 million in funding from Wa’ed Ventures, the venture capital arm of the biggest oil producer in the world, Aramco. With this financing, Terra Drone will set up a new subsidiary in the Kingdom of Saudi Arabia, Terra Drone Arabia, in line with the Saudi government’s “Vision 2030.”