homebusiness NewsDelhi based startup wins $36 Million swarm drone deal from Indian Air Force

Delhi-based startup wins $36 Million swarm drone deal from Indian Air Force

The order for 200 kamikaze drones is the largest by value to a local startup by the Indian Air Force.

Profile image

By Bloomberg  Aug 31, 2023 7:26:15 PM IST (Published)

Listen to the Article(6 Minutes)
1 Min Read
Delhi-based startup wins $36 Million swarm drone deal from Indian Air Force
A New Delhi-based startup has won a 3 billion rupee ($36 million) order to make 200 long-range swarm drones as the Indian Air Force tries to add to its capabilities drawing lessons from Russia’s war in Ukraine.

Share Market Live

View All

"The unmanned aerial vehicles have a range of about 150 Kilometers (93 miles)," said Dipesh Gupta, managing director of 3-year old Veda Defense System. "The kamikaze swarm drones can be launched in small batches but come together when airborne to attack or defend targets."
The Indian military, which is heavily dependent on Russia for weapon platforms, is trying to boost local defense production as part of its effort to diversify sources and address gaps in its preparedness highlighted by the war in Ukraine. Unmanned aerial vehicles, especially swarm drones, launched by Ukraine successfully breached Russian defenses and destroyed fuel and ammunition dumps.
The order is part of the Indian Air Force’s "commitment to handhold the domestic drone startup ecosystem," it said in a post on X, the social media platform formerly known as Twitter. The order for 200 kamikaze drones is the largest by value to a local startup by the Indian Air Force.
The weapon system will be ready for induction in 12 months, Gupta said.

Most Read

Share Market Live

View All
Top GainersTop Losers
CurrencyCommodities
CurrencyPriceChange%Change