Logistics unicorn got approval from the Ministry of Corporate Affairs (MCA) to incorporate its drone subsidiary which will foray into the freight air transportation services sector.
In its regulatory filing, the company informed that the Ministry approved the incorporation of the wholly-owned subsidiary ‘Delhivery Robotics India Private Limited’ on July 3.
Earlier in May, Delhivery had revealed plans for a new entity offering drone-as-a-service for shipment movement and remote sensing. Additionally, this entity will be involved in the manufacturing, production, and global sales of unmanned aerial vehicles (UAVs). This expansion marks a strategic move into the drone technology sector, leveraging the growing demand for UAVs in logistics and other industries.
The objectives of the new unit include conducting “cutting-edge research and development in UAV (unmanned aerial vehicles) technology, focusing on various form factors and payloads for eventual type certification and commercialisation,” Delhivery said.
It will also provide drone pilot training, and engage in “drone manufacturing, producing and selling UAVs globally.”
Delhivery’s plan to enter the drone segment was first revealed during an earning call in February 2023, according to an Inc42 report.
In 2021, the company acquired Transition Robotics Inc for an undisclosed amount.
Founded in 2011, Transition Robotics works on the design, prototyping, testing and manufacturing of small drones, as well as software solutions. The company has also developed a drone for landing in constrained take-off and landing areas.
Earlier, Delhivery reported a net loss of Rs 68.5 crore in the quarter ended March 31, 2024—a significant improvement of 57% from Rs 159 crore earned in the corresponding period last year.
In Q4 FY24, the company’s revenue stood at Rs 2,076 crore—a 12% increase compared with Rs 1,860 crore reported in the fourth quarter of last fiscal year.
Edited by Kanishk Singh
