Drone Maker ideaForge Files For An IPO Worth 300 Crore
ideaForge Technology, founded in 2007, had a market share of about 50% in fiscal 2022 in aircraft systems market, according to its prospectus.
The company has its own exclusive autopilot sub-system and ground control software and takes full integration of its payloads, communication system and packaging, the filing said. Its customers include the armed forces, central armed police forces, state police departments, disaster management forces, forest departments besides other civil customers.
Apart from manufacturing drones, ideaForge offers sales maintenance services and is in the process of developing UAVs as an on-demand service, according to its filing.