Indian Drone player Aeroarc ties up with US robotics company Ghost Robotics
Indian drone leader Aeroarc has entered into a strategic collaboration with a prominent US robotics company and has successfully secured funding from one of Japan largest drone manufacturers. The partnership with Ghost Robotics, headquartered in Philadelphia and a supplier to the US Army, will focus on manufacturing all-terrain robots within India, catering to both domestic and international markets. Simultaneously, Aeroarc has received substantial funding from ACSL, Japan leading drone company, as part of its investment in expanding India robotics and unmanned systems supply chain.
Under the joint venture, Ghost Robotics India, a result of the collaboration, will concentrate on local production, product development, and talent acquisition within the region. Arjun Aggarwal, Managing Director of Aeroarc and a director at Ghost Robotics India, revealed that the undisclosed but significant investment will facilitate the transfer of technology from the original equipment manufacturer. Committed to the "Make in India" initiative, the joint venture aims to locally produce up to 70% of robotic components, providing tailored solutions for diverse sectors such as healthcare, defense, and industrial automation.
ACSL Japan, having recently concluded a fundraising round of 1.3 billion yen earmarked for overseas investments, including in India, initiated an initial investment of Rs 40 crore in collaboration with Aeroarc. This investment aims to strengthen India supply chain for robotics and unmanned systems. Aggarwal outlined the strategic partnership with ACSL, targeting $30 million in UAV and robotics projects over the next two years. The collaboration aligns with the broader goal of fostering innovation and self-reliance in the Indian robotics industry while establishing a robust global presence.