DBT Bureau
Pune, 25 Jan 2025
DroneAcharya Aerial Innovations reported that it has signed a term sheet for a strategic merger with AVPL International, marking a pivotal moment in India’s drone technology landscape. This strategic merger marks a significant step towards strengthening India’s position as a global leader in drone technology and innovation. This collaboration aims to transform the Indian drone ecosystem by combining DroneAcharya’s expertise in R&D and innovation with AVPL’s vast infrastructure and talent-skilling capabilities. Together, the companies plan to drive advancements in drone manufacturing, ensuring state-of-the-art technology is accessible across industries such as agriculture, logistics, infrastructure, and defense.
Highlighting the merger’s potential, Preet Sandhuu, Founder and Managing Director of AVPL International, said “This merger is a transformative leap forward for the drone and technology sectors in India. By combining our infrastructure and talent creative capabilities with DroneAcharya’s innovation and R&D, we are uniquely positioned to drive cutting-edge solutions and foster sustainable growth. Our goal is not just to scale operations but to redefine the possibilities for the drone ecosystem in India and beyond.”
AVPL International operates across 12 Indian states, managing 50 Global Incubation and Skill Hubs (GISH) and 20 World Incubation and Skill Hubs (WISH), focusing on drones and agriculture. AITMC Ventures, AVPL’s parent company, reported substantial growth in revenue and profits in FY24. Meanwhile, DroneAcharya is a prominent player in the drone technology space, debuted in the public market in December 2022, receiving an overwhelming response with a 90% premium listing on the BSE SME platform
Speaking about the merger, Prateek Srivastava, Founder of DroneAcharya Aerial Innovations, added “This merger represents a powerful synergy of innovation, technology and talent. By integrating DroneAcharya’s technological expertise with AVPL’s operational scale and incubation hubs, we are poised to redefine drone innovation in India. Together, we will not only create advanced drones embedded with AI, IoT, and robotics but also build a future-ready ecosystem that caters to diverse sectors from agriculture to defense.”
This merger marks a new chapter in India’s journey toward becoming a global leader in drone technology. By combining DroneAcharya’s innovation-driven R&D expertise with AVPL International’s extensive infrastructure and skilling network, the partnership aims to revolutionize the drone ecosystem. Together, the companies will develop advanced drones integrated with cutting-edge technologies like AI, IoT, blockchain, and robotics, while also building a skilled workforce to strengthen the Maintenance, Repair, and Overhaul (MRO) ecosystem. With a shared vision of fostering sustainable growth, this collaboration is set to redefine the possibilities for drone technology in India and on the global stage.
