DroneAcharya Aerial Innovations announced on Tuesday that the company has entered into a strategic partnership with SISIR Radar by signing a Memorandum of Understanding (MoU). Under the agreement, DroneAcharya will be the exclusive reseller of SISIR products in the Southeast Asia and African regions. Following the announcement, shares of the company were trading higher by nearly 3% at ₹133 per share.
DronaAcharya stated that it will lead the sales of SISIR’s SAR Satellite Constellation in the Southeast Asian and African markets. Additionally, DroneAcharya will be at the forefront of the commercialisation efforts of logistic drones developed by SISIR on a royalty basis.
Further, both companies will collaborate technically to develop radar-based services. The company reported that SISIR Radar will act as an Original Design Manufacturer (ODM) along with carrying out Research & Development (R&D). Meanwhile, DroneAcharya will scale manufacturing, focus on marketing technologies, and manage customer-facing projects.
Prateek Srivastava, founder and managing director of DroneAcharya Aerial Innovations, stated that the partnership with SISIR Radar will allow the company to integrate Spatial Aperture Radar (SAR) technologies and hyperspectral imagery into the company’s portfolio. The technology will be useful for landscape reconstruction applications for forestry, water management, and agriculture across India.
“SAR technology is particularly valuable in these sectors due to its ability to capture high-resolution images regardless of weather conditions or daylight, making it indispensable for continuous monitoring, disaster management, and resource mapping”, he said.
Last month, the company announced that the Directorate General of Civil Aviation (DCGA) granted approval to the company for its 5thremote pilot training organisation (RPTO) at Dharwad, Karnataka,
In June, the company reported that it had bagged an export order worth ₹15.01 crore. The order consists of the supply of 5,000 units of first-person view (FPV) drone kits and their components. The order will be executed in partnership with their Thailand-based group company, Drone Entry (Thailand).
Shares of the company have declined by nearly 30% since the beginning of the year. The stock has lost over 12% in the past year.