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DroneAcharya to foray into US, European markets; eyes $50 mn revenue


Drone manufacturer DroneAcharya Aerial Innovations Ltd. on Friday said it has signed an agreement with American Blast Systems (ABS) Inc. to deliver advanced drone solutions in the US and European markets.

Under the memorandum of understanding (MoU), Pune-based DroneAcharya and Calafornia-based ABS will produce drones and facilitate their local production across sectors.


The two companies will offer a diverse range of drone solutions, including hardware, software and services for sectors such as defence, law and order, agriculture, logistics and retail.


DroneAcharya’s founder and managing director, Prateek Srivastava, told ET that the company is aiming for $50 million in revenue over the next three years with this partnership.


“We see tremendous potential in this collaboration as it positions India at the forefront of the global drone industry,” he said. “Our goal is to deliver cutting-edge, India-made drone technology that ensures secure data transmission and complete data privacy.”



These drones will be co-designed, co-developed and manufactured in Los Angeles, certified by local authorities, and branded as ‘Made in America’, said a statement issued by DroneAcharya.A statement issued by Donald Culver, chairman of ABS, said, “India has long been a trusted partner for high-quality services. With DroneAcharya, we see the potential to leverage drone technology across defence, law enforcement and industrial sectors.”The drones will feature innovative capabilities, enabling superior performance for border security, surveillance, counterinsurgency and logistics, the statement from DroneAcharya said, adding that the company will cross-sell ABS products in the Asian market as part of the agreement, expanding its footprint.


The announcement, made during market hours, sent DroneAcharya’s shares up by 2% in intra-day trade on Friday.



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