NeoSky is targeting to have leadership market share in consumer market of micro drones in India
RattanIndia Enterprises has announced its plans to develop and launch consumer micro drones across India through its subsidiary NeoSky India Ltd.
NeoSky is aiming to be the first Indian company to achieve this milestone. These drones will be widely used, at weddings, in sports coverage, broadcasting, amateur travel vlogs, surveillance and warehouse management.
Integrating NextGen technologies and smart innovations these micro drones will be enabled with autonomous flight management capability and some industry first features, the company said in a statement.
Last year in August, Rattanindia Group made a strategic investment in Silicon Valley, U.S.- based, on-demand drone delivery company Matternet, thereby marking its entry into the drone industry.
The company also said that the existing non-compliant uncertified drone base in consumer micro category offers a sweet spot due to mandatory switch over to compliant & type certified drones in the future and is an available addressable market. NeoSky is targeting to have leadership market share in consumer market of micro drones in India.
Anjali Rattan Nashier, Business Chairperson of RattanIndia Enterprises Limited, said, “NeoSky drones will be fully compliant with regulations, bringing peace of mind to consumers. Our business model will offer an optimal mix of functionality, innovation, and convenience, while striving always to keep customers first. Given the deep experience profile of the team and the capabilities being scaled up, I am confident that our offering will be both innovative and replete with indigenous technologies.”