Category Archives: Business News

Urban Air Mobility Company Archer to List on NYSE

Archer, an Urban Air Mobility company and developer of all-electric vertical take-off and landing (“eVTOL”) aircraft, and Atlas Crest Investment Corp. , a special purpose acquisition company, have announced they have entered into a definitive agreement for a business combination that would result in Archer becoming a publicly listed company. It is anticipated that the post-closing company, Archer, will be listed on the NYSE with ticker symbol “ACHR.” Continue reading

DroneShield Partners with M2K Technologies to Bring Anti-Drone Systems to India

DroneShield Ltd, a supplier of drone detection and mitigation systems, and M2K Technologies, part of M2K Group with business interests in Defence & Aviation, Biologicals, Real Estate and Entertainment, have entered into an Agreement to collaborate and distribute DroneShield solutions in the Indian market. Continue reading

DroneDeploy Secures $50M in Series ‘E’ Funding

Enterprise drone data company DroneDeploy announced that it has raised $50 million in Series E financing. The round was led by existing investors Energize Ventures and AirTree, with participation from Bessemer, Scale, Emergence, Angelpad, Uncork and Frontline Ventures. This funding brings DroneDeploy’s total fundraising to date to $142 million, the most of any drone data company. Continue reading

SpearUAV Signs MoU for Micro-Tactical UAV with Paras Aerospace, India

L-R: Zeev Mivtzari, BD & Sales Director for India; Yishai Amir, CEO; Boaz Ben-Haim, BD & Sales Director

SpearUAV, developers and suppliers of unique Unmanned Aircraft Systems (UAS) solutions for defence and Homeland Security (HLS) applications from Israel, has signed a Memorandum of Understanding (MoU) with Indian company, Paras Aerospace, a subsidiary of Paras Defence and Space Technologies Limited. Continue reading

UAV Center of Excellence in India Announced

Leading Indian advanced technology company BEML and Czech innovation company Primoco UAV agreed on the cooperation in the field of Unmanned aerial technology. Both companies signed a Memorandum of understanding during the Aero India 2021 show and agreed to cooperate with an aim to establish a Center of excellence for unmanned technology for the region within the BEML organization. Continue reading