ideaForge inks an investment deal

ideaForge inks an investment deal

Mon, 01/30/2023 - 14:41
Posted in:

New Delhi, Jan 27

ideaForge, ranked 7th globally, as a top dual-use commercial and military drone manufacturer (Drone Industry Insights, December 2022), is pleased to announce that it has invested in NW Engineering Private Limited (Nautical Wings Aerospace), a composite propeller manufacturing company based in India. ideaForge serves across defence and civil, dual-use applications, particularly surveillance and mapping. Whether supplying survey grade UAVs for large scale mapping for Survey of India or helping locals during floods, ideaForge drones can serve a myriad of applications such as anti-terror activities, crime control, border security, land survey, mining area planning, etc.

ideaForge UAVs offer a wide range of products for diverse applications. Its drone portfolio currently includes Q4i and Q6 which are small category UAVs, NINJA UAV, and RYNO UAV which is a survey grade micro category drone. Moreover, NETRA V4+ is used for intelligence, surveillance and reconnaissance by homeland security and defence customers and is tested in high-altitude while SWITCH is a VTOL and fixed-wing UAV deployed for surveillance and security purposes.

"Investing in Nautical Wings Aerospace is a key step in ideaForge’s journey", said Vipul Joshi, CFO of ideaForge. Further, he stated, “The ability to build composites with their own techniques is what made Nautical Wings Aerospace attractive to us.”

Describing this investment from ideaForge, Shiv Varun Singh Rajput, CEO Nautical Wings Aerospace said, "With ideaForge on board, we're taking our mission to electrify aviation to new heights. Their presence in the UAV industry, in defence and civil end-use products, coupled with our passion for developing electric propulsion systems makes for a powerful partnership. This investment is turbocharging our efforts, and we would like to create an impact in the aerospace industry.”

Fatal error: Call to undefined method stdClass::getPathname() in /home/n7muduf8e013/public_html/core/modules/system/system.module on line 1042