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Infosys to further invest in Mumbai based UAV systems manufacturer


Infosys has agreed with ideaForge Technology, leading UAV systems manufacturing company, to invest an additional US$1.0 million (earlier, the Company had invested US$ 1.5 million in 2016)
taking the cumulative investment to US$ 2.5 million as of date), subject to necessary closing conditions.
ideaForge s UAV systems are increasingly being
used across wide spectrum of organizations. Several
customers of Infosys have also embraced UAV
systems as they digitalize rapidly.
The investment is
intended to be utilized on R&D, sales, marketing,
business development and working capital needs at
ideaForge. This is expected to enhance joint
capabilities to help our customers better.
Based out of Mumbai, ideaForge is a leading UAV ....

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