Ahmedabad, NFAPost: Adani Defence & Aerospace has entered into definitive agreements for acquiring 50% equity stake in agricultural drone start-up – General Aeronautics.
General Aeronautics is a Bangalore based start-up specialises in developing robotic drones to offer tech enabled crop protection services, crop health monitoring, precision farming and yield monitoring using artificial intelligence and data analytics while working very closely with the farmers and agricultural chemical companies.
The drone startup General Aeronautics also has the presence of some reputed venture capital firms like Mela Ventures, founded by former Mindtree founders.
Adani Defence & Aerospace CEO Ashish Rajvanshi said the cross-industry application of drones is nearly limitless and continues to make great strides.
“It offers countries like ours the opportunity to leapfrog generations of infrastructure, healthcare, logistics, agriculture and defence advancements and break several process barriers. When combined with next generation imaging technologies, longer battery life, edge based artificial intelligence and machine learning capabilities, the possibilities are endless,” said Adani Defence & Aerospace CEO Ashish Rajvanshi.
He said the partnership between General Aeronautics and Adani Defence & Aerospace fuses military and civilian objectives by integrating several capabilities Adani Group’s military UAV capabilities with the capabilities of General Aeronautics thereby providing us with a platform with far reaching possibilities.
“India has taken a lead to establish several forward-looking policies under the guidance of the Hon’ble Prime Minister and we expect to immediately be able to leverage this partnership to help serve our nations’ defence, industrial development and social goals,” said Adani Defence & Aerospace CEO Ashish Rajvanshi.
The acquisition aligns to the objectives of Adani Defence & Aerospace in providing a platform to startups and MSMEs for rapid growth and scalability of innovative technologies.
General Aeronautics CEO Abhishek Burman said he is delighted that Adani Defence & Aerospace is partnering with the company to lead it into the next era of growth in this rapidly evolving space.
“I look forward to our partnership unlocking substantial scale, leveraging their vision and commitment to the unmanned capabilities which will help facilitate India becoming the drone hub of the world,” said General Aeronautics CEO Abhishek Burman.
The drone and drone services market in India is expected to grow rapidly and can reach INR30,000 crores by 2026 driven by the evolving policy framework, PLI incentives and the recent ban on imports of drones.
