Drone Logistics: The Partnership is to Bring its Cargo Drone Solutions to India
FinTech BizNews Service
Mumbai, 19 December, 2024: DroneAcharya Aerial Innovations Limited, India’s first listed drone startup, has signed a Memorandum of Understanding (MoU) with Canada-based Volatus Aerospace Inc. This collaboration, formalized on December 17, 2024, brings state-of-the-art drone technology and heavy-payload solutions to India’s rapidly growing logistics market.
This partnership combines DroneAcharya’s local expertise in drone surveying, training, and hardware sales with Volatus Aerospace’s global leadership in advanced drone delivery solutions and technological innovation. A significant focus of this collaboration is the introduction of cargo drones, tailored for industries such as logistics, disaster management, and more.
“India’s drone ecosystem is evolving at an unprecedented pace, and we’re thrilled to partner with DroneAcharya to bring our cutting-edge solutions to this dynamic market. Together, we aim to redefine drone-enabled cargo delivery, leveraging technology to address critical challenges and unlock new opportunities in India’s logistics and services sectors.” Said Glen Lynch, CEO of Volatus Aerospace Inc.
Key Highlights of this collaboration:
Manufacturing in India: DroneAcharya will serve as Volatus Aerospace’s manufacturing partner in India, fostering local production and creating a robust supply chain for advanced drone technologies.
Technology Exchange: The collaboration includes sharing expertise, with Volatus leveraging DroneAcharya’s strengths in FPV drone technology and room intervention solutions.
Market Growth: By 2029, India’s cargo market is anticipated to reach $1.4 billion according to Markets and Markets, offering immense potential for drone-enabled logistics.
Prateek Srivastava, Founder and Managing Director of DroneAcharya, stated: “The association with Volatus Aerospace marks a transformative step for DroneAcharya and the Indian drone industry. Having mature and advanced partners like Volatus allows us to bring cutting-edge hardware and AI solutions to a diverse and ever-growing market. Together, we aim to accelerate the adoption of drones as a mainstream solution across sectors in India.”
This partnership sets a new standard for efficiency and innovation in drone logistics, emphasizing the potential of global–local collaborations to shape the future of the Indian drone industry.
