NEW DELHI: Leading Indian drone player Aeroarc has tied up with a US robotics major and also secured funding from one of Japan’s biggest drone companies.
The JV with Philadelphia-based Ghost Robotics, which is a supplier to US Army, will make all-terrain robots in India and produce robotics for both the domestic and international markets. Aeroarc has also secured funding from ACSL, Japan’s largest drone manufacturer, which is investing in expanding India’s supply chain for robotics and unmanned systems.
In an undisclosed but “substantial investment”, the JV Ghost Robotics India will focus on local production, product development, and talent acquisition from the region, Arjun Aggarwal, Aeroarc MD and a director at Ghost Robotics India, said. The JV will see technology transfer from the original equipment manufacturer. In alignment with “Make in India” initiative, up to 70% of robotic components will be produced locally to offer customised solutions for sectors like healthcare, defence and industrial automation.
“ACSL Japan recently concluded a fundraising round of 1.3 billion yen earmarked for overseas investments, including India. ACSL’s initial investment of Rs 40 crore with Aeroarc aims to bolster the Indian supply chain for robotics and unmanned systems,” Aggarwal said. Strategic partnership with ACSL plans to secure $30 million in UAV and robotics projects over the next two years.
The JV with Philadelphia-based Ghost Robotics, which is a supplier to US Army, will make all-terrain robots in India and produce robotics for both the domestic and international markets. Aeroarc has also secured funding from ACSL, Japan’s largest drone manufacturer, which is investing in expanding India’s supply chain for robotics and unmanned systems.
In an undisclosed but “substantial investment”, the JV Ghost Robotics India will focus on local production, product development, and talent acquisition from the region, Arjun Aggarwal, Aeroarc MD and a director at Ghost Robotics India, said. The JV will see technology transfer from the original equipment manufacturer. In alignment with “Make in India” initiative, up to 70% of robotic components will be produced locally to offer customised solutions for sectors like healthcare, defence and industrial automation.
“ACSL Japan recently concluded a fundraising round of 1.3 billion yen earmarked for overseas investments, including India. ACSL’s initial investment of Rs 40 crore with Aeroarc aims to bolster the Indian supply chain for robotics and unmanned systems,” Aggarwal said. Strategic partnership with ACSL plans to secure $30 million in UAV and robotics projects over the next two years.
