Listed drone solutions company DroneAcharya Aerial Innovations has partnered with Canada-based Volatus Aerospace to manufacture drones for the latter in India.
In a statement, the Pune-based company said it will provide its FPV (First-Person View) drone technology and room intervention solutions. Meanwhile, DroneArcharya will benefit from its Canadian partner’s proprietary logistics platform and turnkey cargo delivery systems.
The company said that a standout product in this partnership is the Condor, a heavy-payload logistics drone with an impressive carrying capacity of 180 kgs, “designed to redefine drone-enabled cargo delivery in India”.
“The partnership aims to target institutional sales opportunities across India, with DroneAcharya leading business development efforts such as tender submissions and client engagement, while Volatus Aerospace acts as the technology partner, offering technical support and capability demonstrations,” the statement added.
Founded in 1987, Volatus provides aerial solutions for end users across various industries using both piloted and remotely piloted aircraft systems. It has presence in the US, Canada, Brazil, and the Middle East. The company is also listed on Canadian stock exchange TSX Venture Exchange and Germany’s Frankfurt Exchange.
For DroneAcharya, the announcement comes shortly after it announced its expansion into the Middle Eastern market via a new subsidiary in Abu Dhabi. It incorporated Drone Entry Aerial Services LLC in Abu Dhabi, with DroneAcharya holding a 99% stake in the newly established entity.
DroneAcharya will provide services like aerial surveys by drones, drone sales and leasing and surveillance and inspection by drones in the region.
Earlier this year, the company also got an exclusive contract from ISR drones builder Krattworks to facilitate local production and distribution.
These developments come after the BSE SME listed company reported a sharp decline in its profit in the first half of the ongoing fiscal year (H1 FY25). In the six months, DroneAcharya’s PAT plunged 62.1% to INR 1.50 Cr from INR 3.96 Cr in the same period last year. Revenue from operations rose 28.8% to INR 26.90 Cr during the period under review from INR 20.88 Cr in the first half of FY24.
Shares of the company ended Wednesday’s trading session 2.30% higher at INR 122.50 apiece.