Aeroarc Forms Partnership with US Robotics Firm
Indian drone frontrunner Aeroarc has formed partnerships with a prominent robotics company from the United States and received investment from a major Japanese drone firm. Collaborating with Philadelphia-based Ghost Robotics, a supplier to the US Army, Aeroarc will manufacture versatile robots within India and develop robotics catering to both local and global markets. Additionally, Aeroarc has obtained funding from ACSL, Japan's leading drone manufacturer, aiming to enhance India's robotics and unmanned systems supply chain through investment.
In an undisclosed yet significant financial commitment, the joint venture Ghost Robotics India, headed by Arjun Aggarwal, Aeroarc's Managing Director and a director at Ghost Robotics India, will emphasize local production, product advancement, and talent acquisition within the region. This collaboration will involve technology transfer from the original equipment manufacturer. Adhering to the "Make in India" initiative, around 70% of robotic components will be manufactured locally, catering to tailored solutions for sectors such as healthcare, defense, and industrial automation.
"ACSL Japan recently concluded a fundraising round of 1.3 billion yen, allocated for global investments, notably in India. ACSL's initial investment of INR 40 crore in Aeroarc aims to strengthen India's supply chain for robotics and unmanned systems", Aggarwal mentioned. The strategic alliance with ACSL intends to secure investments totaling USD 30 million for UAV and robotics projects within the next two years.