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IdeaForge Technology
City-based drone maker ideaForge Technology Ltd on Friday said it has secured a supply order worth about Rs 100 crore from the Indian Army for its next-generation tactical unmanned vehicle Zolt and all-terrain VTOL drone, SWITCH 2. The capital emergency procurement order for its Zolt is valued around Rs 75 crore, following an extensive and rigorous evaluation process -- extensive field trials in electronic warfare (EW) environments and stringent country of origin checks, while the SWITCH2 order is valued at Rs 30 crore, ideaForge said. The company had launched the two UAVs at the Aero India show in Bengaluru earlier this year. Zolt is a multi-role platform capable of long-range ISR (intelligence, surveillance and reconnaissance) and precision payload delivery, and is purpose-built for present-day defence operations, combining performance, autonomy, and resilience for ISR while SWITCH 2 is already battle tested and inducted into the Army's arsenal for ISR operations, ideaForge ...
City-based drone technology company IdeaForge Technology Ltd on Wednesday unveiled its mapping drone for a host of applications, including glacier mapping, complex urban landscapes surveys, conducting dense forest studies, or monitoring industrial corridors. The global debut at the company's inaugural customer event marks a significant milestone in IdeaForge's mission to equip industries, government agencies, and researchers with cutting-edge aerial mapping and intelligence capabilities, it said. The latest survey-grade UAV, purpose-built to map anything, anywhere, with all-terrain performance, even in the most extreme environments, offers more than 50 minutes of flight time with a LiDAR payload, under 7 kg take-off weight, among others, IdeaForge said. The Q6V2 GEO enables urban planning teams to build 3D city models and conduct infrastructure audits, helps the mining sector calculate volumes and automate compliance reports, and supports utility companies with tower inspections and
Drone technology firm ideaForge Technology has secured an order worth about Rs 137 crore for hybrid mini unmanned aerial vehicles systems from the Indian Army through the emergency procurement route, the company said on Monday. ideaForge said a key requirement during the assessment for the selection of unmanned aerial vehicles (UAV) was that all critical sub-components must be sourced from non-border-sharing nations, and that the platform be substantially indigenous in capability and design. "ideaForge Technology has secured a significant win through the emergency procurement route. The order, valued at approximately Rs 137 crore, has been placed by the Indian Army for its high-performance hybrid Mini UAV systems, which are already battle-tested and inducted into the Army's inventory for ISR (Intelligence, Surveillance, and Reconnaissance) operations, the company said in the statement. The company has its research and development and manufacturing units in Navi Mumbai, Bengaluru, ..
City-based drone maker ideaForge is planning higher R&D spend this fiscal year, as it develops technology and product platforms in the unmanned aerial vehicle (UAV) space. With the government committed to fostering domestic drone research, development, and manufacturing, continuous innovation through product and market research is essential for sustained growth in the UAV sector, the company said. "The R&D (research and development) spend last year was 22 per cent of our revenues. This year, depending on the revenue, the base may shift, but it will be on the higher side as compared to FY24," Ankit Mehta, co-founder and chief executive officer at ideaForge Technologies Ltd said. The company's consolidated revenue from operations in fiscal year ended March 31, 2024 stood at Rs 314-crore, while the Profit After Tax was at Rs 45.27 crore. For the latest December quarter, it reported a consolidated loss of Rs 24.02 crore. It had posted a PAT of Rs 14.7 crore in Q3FY24, while the ...
Bengaluru-based space start-up GalaxEye has joined hands with ideaForge, a drone manufacturing company, to develop a customised radar for the armed forces that can enable them to see through dense foliage and fog. The UAV FOPEN (Foliage Penetration) Radar will help the armed forces address the unique demands of the operations that involve penetrating dense foliage, ensuring seamless monitoring while overcoming obstructions. "Under this collaboration, ideaForge will contribute its expertise in Unmanned Aerial Vehicle (UAV) technology, skillfully blending it with GalaxEye's state-of-the-art Synthetic Aperture Radar (SAR) technology," a statement from GalaxEye said on Tuesday. This has been one of the requirements of the security forces to see under foliage and through fog, it said. "We are excited to partner with GalaxEye to develop cutting-edge solutions in aerial surveillance and mapping, which will greatly enhance the capabilities of our security forces and aid them in their ...
Carborundum Universal Ltd, engaged in manufacturing of abrasives and industrial-ceramics, has collaborated with drone maker IdeaForge Technology to jointly develop products to make drones lighter, stronger and more durable, the companies said on Thursday. The two companies will develop the drones through cutting-edge nanomaterial reinforced composite parts which hold the promise of transforming structural parts for aerospace applications, a joint press release said. The 'nanomaterial composite materials' offer several improvements over standard composite materials, including higher mechanical strength, greater toughness, and better electrical and thermal conductivity, it added. "The use of nanomaterial reinforced composites in drones offer several exciting possibilities such as higher specific modulus or strength and is likely to shape the future of airframe and related structural components of drones," IdeaForge Technology Senior Director of Engineering Sunil Jha said. "We are ...