Adani acquires 50% stakes in General Aeronautics
Adani Defence & Aerospace has entered into definitive agreements for acquiring 50% equity stake in General Aeronautics. The acquisition aligns to the objectives of Adani Defence & Aerospace in providing a platform to startups and MSMEs for rapid growth and scalability of innovative technologies.
Ashish Rajvanshi, CEO of Adani Defence & Aerospace, said, “The cross-industry application of drones is nearly limitless and continues to make great strides. It offers countries like ours the opportunity to leapfrog generations of infrastructure, healthcare, logistics, agriculture and defense advancements and break several process barriers. When combined with next generation imaging technologies, longer battery life, edge based artificial intelligence and machine learning capabilities, the possibilities are endless.”
General Aeronautics is a Bangalore-based start-up specializing in developing robotic drones to offer tech-enabled crop protection services, crop health monitoring, precision farming, and yield monitoring using artificial intelligence and data analytics while working very closely with the farmers and agricultural chemical companies.
Abhishek Burman, CEO of General Aeronautics, said, “I am delighted that Adani Defence & Aerospace is partnering with us to lead us into the next era of growth in this rapidly evolving space. I look forward to our partnership unlocking substantial scale, leveraging their vision and commitment to the unmanned capabilities which will help facilitate India becoming the drone hub of the world.”
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