Ideaforge Technology Ltd Company History

Incorporation of the Company

Incubation at Society for Innovation and Entrepreneurship, Bombay

First angel investment by Sujata Vemuri in consultation with Ravi Bhagavatula

Demonstrated NETRA, exhibiting the product launch of India’s first quadcopter drone at DefExpo

Early prototype of the VTOL UAV (quadrotor helicopter) was featured in a popular Bollywood movie

Developed one of the world’s smallest and lightest autopilots

Sale of the first drone to a state police department

Developed NETRA UAV in partnership with a Government of India entity

Received Rs. 388.10 million capital contract from Government of India entities

Angel Investment by Centre for Innovation, Incubation and Entrepreneurship, Indian Institute of Management, Ahmedabad (IIM- Ahmedabad)

Developed the first hybrid VTOL drone with fixed wings in India, known as the SWITCH UAV

First round of institutional investment by Celesta Capital II Mauritius, Celesta Capital II-B Mauritius, Qualcomm Asia Pacific Pte. Ltd. and Infosys Limited

First company to participate in the demonstration of 5G enabled UAVs at Indian Mobile Congress

Bagged contract for SWITCH 1.0 UAVs for approximately US$ 18.27M

Won the largest mini-VTOL UAV contract against global competitors from Russia, Israel, France, Ukraine, and other countries

Second round of institutional investment by Florintree Enterprise LLP, Infina Finance Private Limited and

Export Import Bank of India in addition to first round of institutional investors

Incorporated a Subsidiary in USA, ideaForge Technology Inc.

Launched Netra V4 Pro in USA