Surat, May 2024: InsideFPV specializes in advanced FPV drones for diverse uses, emphasizing easy-to-use technology and supporting the "Make in India" initiative with innovative, quality products.
They have accomplished a milestone in drone technology. In May 2024, insideFPV and UAV Dynamix signed a Memorandum of Understanding (MoU), to come together to explore the Indian and Israeli Drone Market and collectively establish themselves as the leading global drone manufacturers.
The signing of MoU has opened up the opportunity for exchange of technologies such as hardware and software, to ultimately developing technologies which consist of the best of both. This collaboration has eased up the marketing, sales and logistics for both the companies, making it easier for both the companies to develop technologies and establish themselves in the global market, and with India being the next hub of production, it further elevates the vision of the companies.
Arth Chowdhary, CEO, InsideFPV says, "We are excited to explore the opportunity that has come in hand with the signing of MoU between UAV Dynamix and insideFPV. The infrastructure and technological advancements can propel us to great heights, making people drone-equipped in the Defense, agriculture and consumer sector.”
InsideFPV recently raised Rs 3.5 crore in a seed funding round led by Inflection Point Ventures and will utilize the amount for product development, marketing, and research. Founded in July 2020, InsideFPV has successfully established itself as a pioneer in the drone industry, boasting a strong community of over 28,500 trusted members, and 30+ drone experience arenas across India. The company has also been featured on Shark Tank India, Zee TV Naya Bharat, and TedX. insideFPV has 10+ patents filed and keeps on working on developing new technology such as world’s first technology where a drone can be remotely controlled from anywhere in the world, like demonstrated where they controlled a drone from 7000 km away from Netherlands in Surat, India with a live video-feed in Oman, Bengaluru and London.
Drone market in India
In 2024, the drone market in India is poised to generate a revenue of $27.0 million, with an annual growth rate of 5.96% projected for the years 2024-2028. However, when compared globally, China outshines other nations, anticipating a staggering $1,526.0 million in revenue in 2024. Looking ahead, the volume of the drone market in India is expected to reach 75.8 thousand units by 2028, with a notable volume growth of 6.6% predicted for 2025. This surge is attributed to the increasing adoption of drones for agriculture, leading to a revolutionary transformation in farming practices across the country.
(Source- Statista)
About InsideFPV:
InsideFPV is a deep-tech drone manufacturing company dedicated to creating cutting-edge drone technology for consumer, agriculture, and defense applications. With a focus on affordability, reliability, and ease of use, InsideFPV has gained recognition from industry experts, investors, and the broader community. For more information, please visit - InsideFPV | India's Leading Drone Manufacturer
