Commercial Drones: Alpine 4 Technologies is Acquiring Vayu US

- Advertisement -
- Advertisement -

Vayu represents Alpine 4’s second recent acquisition in the fast-growing UAV space. Vayu’s investors include founders of Tesla

Alpine 4 Technologies, has entered into a binding LOI with Vayu (U.S.), Inc (Vayu). Vayu builds high-performance vertical take-off and landing (VTOL) hybrid propulsion-based, autonomous aircraft. Its customers and partners range from public and private entities in Australia, Canada and sub-Saharan Africa in a variety of sectors – from critical medical supply transport to infrastructure inspection.

“I cannot say enough about Vayu and why I absolutely love this company. Their mission is resolute and purposeful. Their X5, G1 and G2 aircraft are designed to deliver lifesaving medicine and technology to people within inaccessible areas of developing countries, as well as hard-to-reach and vulnerable communities in the U.S. The mission-driven purpose of it alone is even more significant than its dollar value. When you look at the evolving landscape of the commercial UAV industry, you see an abundance of opportunities for Vayu’s family of VTOL aircraft. Its seven years of expertise combines not only core technologies advantages but also invaluable market insights,” said Kent Wilson, CEO of Alpine 4.

- Advertisement -

Vayu represents Alpine 4’s second recent acquisition in the fast-growing UAV space and will serve as a vital addition to the platform capabilities of Impossible Aerospace. The shareholders of Vayu are primarily leading venture capitalists and angel investors, including Tesla Motors founder’s Martin Eberhard and Marc Tarpenning and Cosmonaut Esther Dyson, as well as public health experts.

The transaction will be completed in a reverse triangular merger with a newly formed subsidiary of Alpine 4. Upon meeting the final closing conditions, Vayu will be a wholly owned subsidiary of Alpine 4. Vayu and Alpine 4 expect to have the closing conditions met by January 10th, 2021. Daniel Pepper, the current CEO of Vayu, will continue on in his role as CEO.

Daniel Pepper, CEO of Vayu, said, “This represents the beginning of a new chapter in Vayu’s story. The company began in response to an acute need of tremendous magnitude: solving some of the hardest logistical challenges for delivering medical care, anywhere in the world. Over the years Vayu’s capabilities have grown in size and capability, and in direct response to an enormous amount of customer and stakeholder engagement. Platforms such as the G1 and the G2 are virtually unmatched in the civilian market, yet their demand is as critical as ever.”

He added, “Whether it is for maritime surveillance, forest fire monitoring, linear asset inspection, or the primary and core use case of medical delivery, Vayu’s opportunity set is wide, diverse, and growing. In the years to come, Vayu will further expand its offerings to a range of customers, ever expanding its payload and range capabilities, while further investing in its autopilot and avionics expertise to further safety, reliability, and autonomy.”

It is to be noted here that Alpine 4 Technologies had entered the commercial drone space last month. The same as done after acquiring Impossible Aerospace Corporation.

- Advertisement -

Related Artcles

LEAVE A REPLY

Please enter your comment!
Please enter your name here
Captcha verification failed!
CAPTCHA user score failed. Please contact us!

Exclusive

India, China Grow Amid First Global Cellular IoT Module Shipments Annual Decline

0
Several companies started local manufacturing in India. 4G Cat 1 bis emerged as the fastest-growing segment. Around 12% of the modules shipped in...

“More Chargers Provide Security And Confidence To Customers, Encouraging EV Adoption”

0
With an agenda to transform the EV industry, EarthtronEV has established 250+ charging stations on major highways across India. The company aims to interconnect...

5G RedCap To Transform IoT Module Shipments

0
Over 60% of IoT module shipments will originate from the Asian & Oceania region. Automotive sector is expected to be a significant driver. The...

Buzz

Montra Electric Boosts Amritsar’s Green Mobility with RAAHI Project

0
The initiative is a component of the City Investments to Innovate, Integrate, and Sustain (CITIIS) program, which falls under the auspices of the Ministry...

BYD Delays Vietnam EV Factory Plans

0
Vietnam's government announced in May that BYD plans to construct a facility for manufacturing and assembling electric cars in Phu Tho, a northern Vietnamese...
Keysight Technologies Pvt Ltd Logo

Keysight Acquires Spirent Communications For $1.46 billion, Outbids Rival Viavi Solutions

0
Keysight's offers 85.9% premium over Spirent's closing price on March 4, exceeding Viavi's 61.4% premium. Keysight expects new serviceable available market opportunities of...

Important Sectors

India, China Grow Amid First Global Cellular IoT Module Shipments Annual Decline

0
Several companies started local manufacturing in India. 4G Cat 1 bis emerged as the fastest-growing segment. Around 12% of the modules shipped in...

Montra Electric Boosts Amritsar’s Green Mobility with RAAHI Project

0
The initiative is a component of the City Investments to Innovate, Integrate, and Sustain (CITIIS) program, which falls under the auspices of the Ministry...

BYD Delays Vietnam EV Factory Plans

0
Vietnam's government announced in May that BYD plans to construct a facility for manufacturing and assembling electric cars in Phu Tho, a northern Vietnamese...
Keysight Technologies Pvt Ltd Logo

Keysight Acquires Spirent Communications For $1.46 billion, Outbids Rival Viavi Solutions

0
Keysight's offers 85.9% premium over Spirent's closing price on March 4, exceeding Viavi's 61.4% premium. Keysight expects new serviceable available market opportunities of...

Hyundai Motor Boosts EV Investment In Korea

0
The automaker stated that over half of the investment, amounting to 35.5 trillion won will be dedicated to new R&D infrastructure and EV assembly...

Manufacturing

BYD Delays Vietnam EV Factory Plans

0
Vietnam's government announced in May that BYD plans to construct a facility for manufacturing and assembling electric cars in Phu Tho, a northern Vietnamese...

JLR To Hire 250 Electrical Technicians For Future EVs

0
These new roles, part of a £15 billion investment, are in addition to 300 positions created last year by the British car maker. Jaguar Land...

Altmin India Partners With WMG To Advance Battery Tech

0
Altmin and WMG will collaborate to strengthen their global battery materials supply chain position by optimizing cathode materials and developing diverse cell designs across...

EVs To Cost Less Than Gas Vehicles by 2027, Says Gartner

0
Gartner predicts a faster decline in production costs compared to battery costs, which represent the most significant expense in an electric vehicle, accounting for...
MG

MG Motor To Set Up Battery Assembly Unit At Halol Facility

0
The company plans to investigate battery cell production in collaboration with external partners. Automaker MG Motor India is actively exploring the possibility of assembling and...