Trentar Acquires 75 Percent Stake in UAV Startup Trishula

- Advertisement -

The company had also recently acquired GarudaUAV, a drone based services and platform company

Dorf Ketal Chemicals’ subsidiary Trentar Pvt Ltd has announced that it has acquired a 75 percent stake in Hyderabad-based Unmanned Aerial Vehicle (UAV) propulsion system startup Trishula.

This comes just a few months after Trentar announced thatit will begin manufacturing drones under its newly established UAV manufacturing division, for which it is planning to spend Rs 100 crore over the next three years.

- Advertisement -

“This acquisition will focus on making India independent and self-sufficient in the UAV propulsion systems, a long-standing agenda for the Indian UAV industry. It will also help put India on the World map of Propulsion systems,” the company said in a statement.

The company had also recently acquired GarudaUAV, a drone based services and platform company and also launched the Drone Manufacturing Division with its own VTOL UAV due for release early 2022.

The Union government had on September 15 approved a production-linked incentive (PLI) scheme for drones and drone components with an allocation of ₹120 crore spread over three financial years.

The ministry had on August 25 notified the Drone Rules, 2021 that eased the regulation of drone operations in India by reducing the number of forms that need to be filled to operate them from 25 to five and decreasing the types of fees charged from the operator from 72 to four.

“This acquisition backed by the commitment of Trentar will not only help foray the “Make in India” theme but at the same time make India and the Indian Drone manufacturers “Atmanirbhar” in the propulsion subsystem,” the company further stated.

Subodh Menon, Founder, Trentar said, “Completely Indigenous UAV is the Vision we have for Trentar… This acquisition will transform Trishula into a formidable leader in the global propulsion industry and pave way for India to be the go-to market for the UAV Subsystems – in terms of procurement and innovation. We are also committed to drive the Atmanirbhar mantra and cater to the needs of the defence, indigenously.”

Sudhir Menon, Chairman, Trentar said, “Trentar’s main objective will be to provide the necessary tail wind to Trishula to be one of the leading players in the segment, globally.”

Further, Prudhvi Raj, Founder of Trishula, said, “In the last 3 years, Trishula was focused on creating world-class propulsion systems which are designed, developed and produced ground up in India… We strongly feel that our culture of innovation backed by the vision and strength of Trentar will help us deliver world class products.”

- Advertisement -

Related Artcles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Buzz

PLI Scheme Can Help States Become Destinations For Electronics Manufacturing: MoS

0
The manufacturing plant has been set up under the Production Linked Incentive (PLI) scheme At the recent opening ceremony of Pegatron mobile manufacturing facility, the...

Redington’s Renewable Portfolio Enhanced With New Solar Program

0
To accelerate the solar power adoption by homes and businesses, the company has launched Solar Rooftop Partner Program The leading tech company Redington Ltd recently...

The SIDM Champion Award 2022 goes to: CoreEL!

0
On Sep 27th 2022, the India-based tech-company CoreEL received the Society of Indian Defence Manufacturers (SIDM) Champion Awards 2022. Country's Raksha Mantri Shri Rajnath...

Exclusive

PLI Scheme Can Help States Become Destinations For Electronics Manufacturing: MoS

0
The manufacturing plant has been set up under the Production Linked Incentive (PLI) scheme At the recent opening ceremony of Pegatron mobile manufacturing facility, the...

Redington’s Renewable Portfolio Enhanced With New Solar Program

0
To accelerate the solar power adoption by homes and businesses, the company has launched Solar Rooftop Partner Program The leading tech company Redington Ltd recently...

The SIDM Champion Award 2022 goes to: CoreEL!

0
On Sep 27th 2022, the India-based tech-company CoreEL received the Society of Indian Defence Manufacturers (SIDM) Champion Awards 2022. Country's Raksha Mantri Shri Rajnath...

Important Sectors

PLI Scheme Can Help States Become Destinations For Electronics Manufacturing: MoS

0
The manufacturing plant has been set up under the Production Linked Incentive (PLI) scheme At the recent opening ceremony of Pegatron mobile manufacturing facility, the...

Redington’s Renewable Portfolio Enhanced With New Solar Program

0
To accelerate the solar power adoption by homes and businesses, the company has launched Solar Rooftop Partner Program The leading tech company Redington Ltd recently...

The SIDM Champion Award 2022 goes to: CoreEL!

0
On Sep 27th 2022, the India-based tech-company CoreEL received the Society of Indian Defence Manufacturers (SIDM) Champion Awards 2022. Country's Raksha Mantri Shri Rajnath...

Moxion Power Raises $100 Million; Plans To Scale Clean Energy Manufacturing

0
The company aims to meet the increasing demand for its mobile energy storage product lineup In its Series B funding round, the US-based Renewable Energy...

Silicon Labs’ New Address: Hyderabad

0
It is the company's largest global centre for engineering and wireless connectivity innovation Leading global IoT wireless technology company Silicon Labs recently inaugurated its new...

Manufacturing

PLI Scheme Can Help States Become Destinations For Electronics Manufacturing: MoS

0
The manufacturing plant has been set up under the Production Linked Incentive (PLI) scheme At the recent opening ceremony of Pegatron mobile manufacturing facility, the...

Redington’s Renewable Portfolio Enhanced With New Solar Program

0
To accelerate the solar power adoption by homes and businesses, the company has launched Solar Rooftop Partner Program The leading tech company Redington Ltd recently...

Moxion Power Raises $100 Million; Plans To Scale Clean Energy Manufacturing

0
The company aims to meet the increasing demand for its mobile energy storage product lineup In its Series B funding round, the US-based Renewable Energy...

Wind Power Brings Continuum And GE Renewable Energy Together

0
Commercial and industrial establishments will receive the wind power produced in the respective states As per a recent announcement, GE Renewable Energy is set to...

Apple Making iPhone 14 In India!

0
As per the latest reports, Apple has started manufacturing iPhone 14 in India. Foxconn’s Sriperumbudur facility situated on the outskirts of Chennai is the...