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AICTE ties up with IG Drones to set up drone centres of excellence in 50 engineering colleges

Economic Times

Economic Times · 4m ago

AICTE ties up with IG Drones to set up drone centres of excellence in 50 engineering colleges

The All India Council for Technical Education (AICTE) has partnered with IG Drones to establish drone Centres of Excellence in 50 Indian engineering colleges. This initiative aims to provide cutting-edge training in drone technology, aligning with India's 'Viksit Bharat' and 'Aatmanirbhar Bharat' visions. These centres will equip over 10,000 students with industry-relevant skills, fostering innovation, entrepreneurship, and indigenous development in sectors like agriculture, defence, and urban planning, ultimately creating a skilled workforce in emerging technologies.

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Startup news and updates: Daily roundup (April 21, 2025)

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YourStory · 4m ago

Startup news and updates: Daily roundup (April 21, 2025)

Aiming to revolutionize device procurement for businesses, Swish Club offers an affordable subscription model for new gadgets, addressing performance and financial constraints. Meanwhile, KRAFTON India Gaming Incubator expanded its cohort to six, supporting emerging gaming hubs. The Bharat Project launched to empower entrepreneurs from smaller towns. Ivory secured $1M to enhance brain health technology. AICTE and IG Drones will establish 50 Drone Centres for tech skill development, and AnyMind Group acquired Japanese e-gifting company AnyReach to boost e-commerce growth.

IG Drones eyes aggressive defence foray

Livemint

Livemint · 1y ago

IG Drones eyes aggressive defence foray

Drone technology company IG Drones is planning aggressive expansion in the drone manufacturing sector, with a focus on defence. The company is setting up a large-scale manufacturing plant in Vadodara, Gujarat, and aims to produce approximately 1,000 drones per year. The facility is expected to be launched in June and will initially operate at 30% capacity. IG Drones also intends to allocate 50% of its defence drone capacity for exports, with strong demand coming from Indian forces and Middle Eastern countries. The company is looking to raise around $5 million to support its technological advancements, including developing 6G drones.

Drone tech startup IG Drones raises $1 million in funding

Economic Times

Economic Times · 11m ago

Drone tech startup IG Drones raises $1 million in funding

- Drone technology startup IG Drones raises $1 million in funding led by India Accelerator, with participation from angel investors. - The funding will primarily be allocated for research and development (R&D) to develop drone solutions for defense applications. - IG Drones plans to raise an additional $3 million within the next six months for expanding operations in India and globally. - The startup has partnerships with the Indian Army, state governments, and over 100 large enterprises, offering services like surveying, mapping, and inspection. - IG Drones has developed India's first 5G drone and currently operates in five countries. - India's drone market is projected to grow to around Rs 2.5 trillion by 2030, from Rs 29 billion in 2020.

IG Drones secures India’s first patent for defence drone simulator, fulfilling PM Modi’s vision of Aatmanirbhar Bharat

Economic Times

Economic Times · 1m ago

IG Drones secures India’s first patent for defence drone simulator, fulfilling PM Modi’s vision of Aatmanirbhar Bharat

IG Drones secured India's first patent for a defence drone simulator, marking a significant step towards technological self-reliance in line with PM Modi's Aatmanirbhar Bharat vision. Previously revealed at Defence Expo 2022, this indigenous simulator offers realistic training for armed forces across various high-risk scenarios. It eliminates the need for foreign systems, underscoring India's capability to produce world-class defence solutions. This achievement positions IG Drones as a pioneer in Bharatiya defence technology.

Startup news and updates: Daily roundup (October 1, 2024)

YourStory

YourStory · 11m ago

Startup news and updates: Daily roundup (October 1, 2024)

- Deeptech accelerator SanchiConnect raises undisclosed amount of funding from Baring Private Equity Partners-India, Seafund, and 8X Ventures. - IG Drones secures $1M funding led by India Accelerator and Angel Investors for research and development of drone solutions tailored for defence applications. - FNP (Ferns N Petals) appoints Gaurav Sharma as its new Chief Technology Officer (CTO) to drive innovation and improve digital experiences. - SanchiConnect expands its software offerings to Indian startups with the recently raised capital. - IG Drones plans to raise an additional $3M over the next six months to expand its operations in India and globally. - Gaurav Sharma, the newly appointed CTO of FNP, has over two decades of distinguished experience in the technology sector.

DroneAcharya Bags Order From Alter Dynamics

Inc42 · 1y ago

DroneAcharya Bags Order From Alter Dynamics

DroneAcharya Aerial Innovations, a drone tech company, has secured a contract worth INR 53 Lakh for drones aimed at inspecting piles above water for the Abu Dhabi National Oil Company (ADNOC). The deployment of drones equipped with high-resolution sensors promises efficient and intelligent inspection solutions. DroneAcharya aims to enter the relatively untapped drone survey market in the Middle East, delivering professional services to architecture, engineering, and construction industries. Previously, DroneAcharya secured orders from the Adani Group for DGCA certified drone pilot training and signed an agreement with Vimaan Aerospace for various drone-related services.

Drone Startup Skye Air Mobility Bags 10 Govt Contracts For Medical Supply Delivery

Inc42 · 1y ago

Drone Startup Skye Air Mobility Bags 10 Govt Contracts For Medical Supply Delivery

Skye Air Mobility, a drone delivery startup founded in 2019, has secured contracts from 10 Indian government medical institutions. The contracts enable the institutes, including several AIIMS and regional leprosy centres, to utilize drones for efficient delivery of essential medical supplies in temperature-controlled boxes. The deployment is expected to be completed in the coming weeks. Skye Air plans to expand its fleet size from 35 to 100 drones within the next six months. The Indian drone market is projected to reach $13 billion by 2030.

How drone services are transforming farming landscape in India

Inc42 · 1y ago

How drone services are transforming farming landscape in India

Drones are projected to have a significant impact on Indian agriculture, with a compound annual growth rate of 38.5%. Their integration in farming activities can lead to improved productivity, cost savings, pollination assistance, and farmer safety. Drones automate tasks such as crop monitoring and pesticide management, providing real-time data for informed decision-making. The Indian government supports drone adoption by offering assistance through Custom Hiring Centres. Overall, drones have the potential to revolutionize farming practices and contribute to food security in India.

Investment advisory Capital IQ acquires local drone maker Karman

VCCircle

VCCircle · 10m ago

Investment advisory Capital IQ acquires local drone maker Karman

- Investment consultancy firm Capital IQ acquires drone manufacturer Karman Drones Pvt. Ltd. - Capital IQ aims to accelerate growth, drive expansion, and position Karman for a successful IPO. - The acquisition is valued at around Rs 75 crore ($9 million). - Karman Drones specializes in developing drones for civilian and military purposes. - Karman is working on developing Kamikaze drones with VTOL and recovery capabilities. - Co-founders of Karman, Anand Sengar and Pavan Shetty, have backgrounds in engineering and prior experience in the UAV industry.

Garuda Aerospace set to spreads wings in Sri Lanka

Economic Times

Economic Times · 1y ago

Garuda Aerospace set to spreads wings in Sri Lanka

Drone startup Garuda Aerospace is expanding its operations in Sri Lanka as part of its Global Garuda initiative to increase its presence in 50 countries. The company chose Sri Lanka due to its developing drone policies and a government focus on technology in agriculture and industries. Garuda Aerospace aims to provide precision agricultural drones and also focus on homeland security and defense. The company has onboarded a local partner and plans to start deploying drones soon. Garuda Aerospace is also planning to expand to the US and Europe and hopes to manufacture critical components in the countries it expands to.

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