TechEagle, ideaForge partner to boost UAV innovations
ideaForge invests in bridge round of TechEagle; to develop small, middle-mile logistics platforms for dual use
(From left to right): Vipul Joshi, CFO, Ankit Mehta, CEO and Rahul Singh, Co-Founder and VP Engg, ideaForge Technology and Vikram Singh, Founder & CEO, TechEagle.
TechEagle, India’s leading drone delivery startup, has entered into a strategic alliance with ideaForge Technology, a global unmanned aerial vehicle (UAV) technology leader.
The collaboration aims to leverage the strengths of both entities to revolutionise UAV technology and drive innovation in the drone industry. ideaForge has also participated in TechEagle’s recent bridge financing round as a strategic investor, says an official release from TechEagle.
"ideaForge and TechEagle are focused on developing small, tactical and middle-mile logistics platforms for dual use, complementing each other’s efforts. With their capabilities to carry unprecedented payloads, ability to operate at high altitudes and equipped with next-level autonomy, these platforms will define new frontiers in drone logistics."
Vikram Singh Meena, Founder & CEO, TechEagle says: "This partnership exemplifies the power of synergistic innovation. By combining TechEagle's advancements in drone technology with ideaForge's UAV technology prowess and manufacturing capabilities, we are set to redefine the UAV landscape. ideaForge's investment underscores their belief in our vision. Together, we will enhance safety, performance, and reliability, paving the way for a new era in aerial logistics globally."
Ankit Mehta, CEO, ideaForge adds: "Our partnership with TechEagle marks a significant advancement in our commitment to UAV technology. We have been impressed by TechEagle’s high-quality drones that exceed global benchmarks. This alliance will provide deeper insights into UAV innovation and help us accelerate our efforts in developing small, tactical, and middle-mile platforms. By leveraging each other’s strengths, we aim to achieve a leading position on the global stage.”
Having delivered more than hundreds of SKUs across parcels, grocery, medicines and diagnostic samples and deployed services in 30+ cities, TechEagle’s drones have covered over 500,000+ aerial kilometres and have saved more than 2,500 metric tonnes in carbon emissions.
Ranked fifth globally in dual-use drone manufacturing, ideaForge customers have completed over 500,000 flights using their UAVs, the release added.