/viestories/media/media_files/2025/01/24/I9U9tubsPSfnSiPps61M.png)
BSE-listed drone company DroneAcharya Aerial Innovations has signed a term sheet with AVPL International, run by AITMC Ventures Ltd, for a strategic merger.
The new merged company will be called- AVPL DroneAcharya.
Pune-based DroneAcharya did not disclose the financial details of the deal.
AVPL International, based in Gurugram, specializes in drone and skill training, drone services and drone manufacturing. It also operates a network of agricultural retail stores across India.
Read also- Paytm, Razorpay, Six Other Payment Gateways In ED Crosshairs for Rs 500 Cr Crypto Scam
“This proposed merger represents a transformative step for both the companies, and we believe it will enable India to set new industry benchmarks on the world map,” DroneAcharya said in a LinkedIn post.
“Jointly, we will work towards providing industrial, enterprise, defence and space-tech solutions comprising of best in industry hardware, software, automation, capacity building and skill development to our worldwide clients,” it added.
About DroneAcharya
Founded in 2017 by Prateek Shrivastava, DroneAcharya specializes in drone training, services, and surveillance. It was one of the first private companies to get a 'remote pilot training organization' license from the Directorate General of Civil Aviation.
DroneAcharya listed on the BSE’s SME bourse in December 2022. On Friday, its shares were trading 1.91% higher at Rs 112.50 each.
Want to go deeper into the world of startups and entrepreneurship? Check out these categories on VIESTORIES:
Startup Funding and Stories: Discover Funding Trends and Stories Shaping Indian Startups.
Startup Funding News: Your Gateway to Every Funding Update.
Latest Startup News: Stay updated with the latest startup news and trends. Your go-to source for startup ecosystem updates.
Startup Stories: Discover inspiring tales of startups overcoming challenges and achieving success.