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AUS Signs Rs 3.75 Crore Lease Financing Deal with Grip

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AUS Signs Rs 3.75 Crore Lease Financing Deal with Grip
19 Mar 2022
6 min read

News Synopsis

Aarav Unmanned Systems (AUS) has entered a lease financial deal with the alternative investment platform Grip. The deal is worth Rs 3.75 crore which leads retail investors to invest in the drone ecosystem in India.

Through this deal, Grip seeks to leverage its leasing lending options to create new revenue streams for promising companies in the Indian drone segment. Based on the terms of the agreement, Grip will enable AUS to generate new revenue streams by leveraging the lease financing of more than 50 drones.

AUS was founded in 2013 and has so far mapped more than 5 million acres, 15,000 villages and 35 cities. It has covered more than 250 mines and 350 stockyards for mining, metal and power companies like Tata Steel, Hindalco, Coal India etc.

AUS provides an end-to-end integrated solution for drone applications, providing a drone, an operator, and a cloud platform for data analysis. The company claims to be profitable, with annual revenue growth of up to 250% over the last three years. It is one of three companies whose drones have been finalized by the government to map 600,000 villages in India.

Other than these, government initiatives like Make in India is also promoting domestic manufacturing of drones and is fueling the growth of the commercial drone market in India.

India's drone segment is projected to grow at a CAGR of 12.4% by 2025 and be worth $5 billion. According to experts, mapping and surveying occupy the largest share of sales due to the high accuracy and quality that such drones offer with relatively less manpower and lower cost.