Announcement Trentar Group Acquires 76 Percent Stake in the Chennai Based UAV Manufacturer

0
159


 





Mumbai, Maharashtra, India:
 

  • The deal is a part of the 100 Cr Investment deliberate by Trentar for the UAV Ecosystem
  • The acquisition will concentrate on commercialising multirotors and helicopters for each business and protection segments in India and world markets.


 

Trentar Pvt Ltd introduced yet one more important acquisitions in the UAV manufacturing sector, alongside a controlling stake with One of India’s most progressive startups in the UAV Design to Delivery area, RFLY Innovations.

The acquisition will concentrate on commercialising multirotors and helicopters for each business and protection segments in India and world markets. This acquisition together with the others achieved by Trentar lately will assist make India impartial and self-sufficient in the full UAV Ecosystem.

Trentar had lately acquired TM Aerospace which specializes in Fixed Wing UAV Platform and GarudaUAV, a number one Drone based mostly providers and platform firm. Trentar had earlier dedicated to speculate Rs. 100 Cr in 3 years to design and construct specialised Drones for Defence and Civil functions together with Indigenously constructed subsystems.

 

Chennai based mostly RFLY Innovations specialises in the Multi Rotor section and already has merchandise for survey, surveillance, heavy elevate and tethered platform, which is able to discover its use each in civil and defence segments with deployment at each plains and excessive Altitude. The Heavy Lift, LIDAR built-in and the Tethered platforms will show to be sport changers in the industries throughout verticals.

RFLY Innovations can also be dedicated to launch their Heli Platforms for each surveillance and cargo lifting at the excessive altitudes. Development of those and their Autopilot & Communication platforms are at the moment in progress and slotted for launches in the close to future. This is not going to solely assist strengthen the defence forces however will even assist India save considerably on Foreign Exchange spent hitherto to accumulate them, thereby realising the Atmanirbhar dream of the Government.

Mr. Subodh Menon, Founder, Trentar, expresses, “To be a Full Stack UAV solutions company is the Vision we have for Trentar. The acquisition will further strengthen the group’s objective of building completely indigenous, world-class UAV ecosystem. It will also help us to fill the gap of multi rotors we had in our product folio. The acquisition of RFLY Innovations and providing the necessary tail wind for its growth is part of our commitment to give a huge advantage to the Indian UAV Industry and will also make India a leading player in this specialty and new age segment. This acquisition will transform RFLY Innovations into a Market Leader in the design to delivery space of Multi Rotor Platforms.”

Commenting on the acquisition, Mr. Sudhir Menon, Chairman, Trentar said, “This acquisition of majority stake in RFLY Innovations is in continuation of Trentar’s foray into the Global UAV Industry. We keenly look ahead to commercialise the extremely progressive platforms developed at RFLY Innovations until now, which we’re positive will profit the Global Civil and Defence markets in an enormous manner.”

Founders of RFLY Innovations Mr. Mohamed (*76*) and Dr. Mohamed Rasheed in a joint assertion mentioned, “This acquisition by Trentar is highly strategic. The Innovative culture at RFLY Innovations backed by the vision of the Trentar Leadership and the way they have been nurturing other companies acquired recently gives us great confidence that RFLY Innovations’ products will be successful and go global. We are also thrilled with the benefits of Synergy with the other companies already within the Trentar Group.”

About Trentar

Trentar Private Limited (www.trentar.com) concentrates on the New Age/Sunrise Industries. Trentar has been launched with the imaginative and prescient of changing into a powerful participant in the New Age Industries like UAV, UAV based mostly providers/software program, Subsystems, AI, and Robotics. 

About RFLY Innovations

Chennai based mostly RFLY Innovations, integrated in India in 2017, is a UAV know-how firm providing best-in-class drones from Micro upto heavy elevate classes with in-house design, improvement and manufacturing capabilities. Innovation and Integration are their key strengths.

More data obtainable at www.rfly.in.





Submit your press launch





Source link

See also  Royal Canin Maxi Adult, 4 kg

LEAVE A REPLY

Please enter your comment!
Please enter your name here