ideaForge inks an investment deal with NW Engineering Private Limited

Mumbai, India- January 27, 2023: ideaForge, ranked 7th globally, as a top dual-use commercial and military drone manufacturer (Drone Industry Insights, December 2022), is pleased to announce that it has invested in NW Engineering Private Limited (Nautical Wings Aerospace), a composite propeller manufacturing company based in India. ideaForge serves across defence and civil, dual-use applications, particularly surveillance and mapping. Whether supplying survey grade UAVs for large scale mapping for Survey of India or helping locals during floods, ideaForge drones can serve a myriad of applications such as anti-terror activities, crime control, border security, land survey, mining area planning, etc.

ideaForge UAVs offer a wide range of products for diverse applications. Its drone portfolio currently includes Q4i and Q6 which are small category UAVs, NINJA UAV, and RYNO UAV which is a survey grade micro category drone. Moreover, NETRA V4+ is used for intelligence, surveillance and reconnaissance by homeland security and defence customers and is tested in high-altitude while SWITCH is a VTOL and fixed-wing UAV deployed for surveillance and security purposes.

"Investing in Nautical Wings Aerospace is a key step in ideaForge’s journey", said Vipul Joshi, CFO of ideaForge. Further, he stated, “The ability to build composites with their own techniques is what made Nautical Wings Aerospace attractive to us.”

Describing this investment from ideaForge, Shiv Varun Singh Rajput, CEO Nautical Wings Aerospace said, "With ideaForge on board, we're taking our mission to electrify aviation to new heights. Their presence in the UAV industry, in defence and civil end-use products, coupled with our passion for developing electric propulsion systems makes for a powerful partnership. This investment is turbocharging our efforts, and we would like to create an impact in the aerospace industry.”

About ideaForge

ideaForge is one of the leading global drone manufacturers for dual use(commercial and military) drones (Drone Industry Insights, December 2022). Its drones offer high performance, reliability, and autonomy, and have been adopted for defence and civil applications. With several global patents to its name, a vertically integrated organisation with in-house product development, design, software, manufacturing, services, and training operations. For more information, visit www.ideaforgetech.com.

About Nautical Wings Aerospace

Nautical Wings Aerospace is an electric propulsion technology company based in Bangalore. Its mission is to contribute to the global effort of sustainable aviation by developing advanced electric propulsion systems for aircraft. They believe that the future of aviation lies in the integration of electric power and are committed to working towards a cleaner and more efficient industry.