Drone services, also known as unmanned aerial vehicle (UAV) services, is a rapidly growing market for services centered on flying robots that may be commanded remotely or flown autonomously utilizing software-controlled flight plans in their embedded systems.
Here’s an overview of India’s leading drone startups, along with an explanation of their progress and future goals in the field:
Infoedge India is an Indian Internet-based large-cap public company that owns Naukri, 99Acres, Jeevansathi, Shiksha.com, and several other notable websites. As a pioneer in the Internet sector, they are always investing in the future, with drone technology being at the top of the list.
Infoedge India has invested in and purchased interests in Skylark Drones, a business that works on establishing the basic infrastructure for the global drone ecosystem, as part of its intention to enter the drone market.
Paras Defence and Space technologies
Paras Defence and Space Technologies is an Indian small-cap defence firm that designs, develops, manufactures, and tests a wide range of defence and space engineering products and solutions. In October 2021, the company was listed on the Indian stock exchange.
Paras Defence is cooperating closely with foreign UAV (Unmanned Aerial Vehicle) firms on drone technology. It has partnered with Fixar of Latvia, Nurjana Technologies of Italy, and another Israeli firm. Paras Defence is currently developing military unmanned aerial vehicles (UAVs), industrial unmanned aerial vehicles (UACs), drone parachutes, and other aerospace technology.
Zen Technologies Limited
Zen Technologies is a small-cap drone-tech firm based in India that was founded in 1993. They’re working on Heavy Lift Logistics Drones, and their Anti Drone System detects, classifies, and tracks drones using passive surveillance, camera sensors, and jams drone communication to neutralise the threat.
Zen Technologies has obtained contracts worth Rs 1.6 billion from the Indian Air Force for the delivery of CUAS, or counter unmanned aircraft systems, which explains their progress in drone technology. Zen Technologies, in addition to drones, develops training solutions for combat-ready soldiers.
RattanIndia Enterprises Limited is the Rattanindia Group’s flagship company for new-age growth businesses as well as a midcap publicly traded corporation in India. RattanIndia Enterprises, through its wholly-owned subsidiary NeoSky India Ltd, announced the commencement of its drone business in September 2021.
NeoSky India is to build a cutting-edge drone system platform with a focus on industry applications in India, according to a statement from the business. Furthermore, the company has made a strategic investment in Matternet, a US-based urban drone logistics startup that is heavily involved in the drone logistics platform. However, the sum invested has not been disclosed.
DCM Sriram Industries
Another top drone firm in India, DCM Sriram Industries, is working on drone technology. In August 2021, the Indian business DCM Shriram Industries revealed that it had purchased a 30% stake in a Turkish drone manufacturer, Zyrone Dynamics, which had secured a $1 million foreign investment from India.
“Both parties’ expectation is the creation of products for civilian use, especially for cargo transportation,” the business said in a statement. Zyrone will now offer its goods in the Asian market to India and its neighbors, to eventually export drones to Europe and Australia.”
This partnership between DCM Sriram Industries and Zyrone Dynamics is about more than just making a profit; it’s about building a global UAV firm with a variety of civilian and military uses.