This deal will help Delhivery strengthen its capabilities in a wide range of applications
Delhivery claims to have successfully fulfilled over one billion shipments since inception
IPO-bound Delhivery has acquired Transition Robotics Inc, a California-based company focused on developing unmanned aerial system platforms.
This agreement will assist Delhivery in strengthening its capabilities in a variety of applications such as aerial photography, remote sensing, inspection, and surveys.
Transition Robotics, founded in 2011 in Santa Cruz, has focused on bringing vertical-takeoff unmanned aerial systems with advanced flight capabilities to market. It has a decade of experience with small unmanned aerial systems, from hardware and software design to testing, validation, and manufacturing. It aspires to open up new markets and applications for its clients.
“While we continue to build our supply chain platform, we must look at the long-term developments poised to shape the industry. Bringing TRI onboard gives us a chance to get directly involved with core drone technology as regulations and use cases for drones are evolving in the country,” said Kapil Bharati, Chief Technology Officer, Delhivery.
On November 2, Delhivery filed documents with the market regulator in order to raise a billion dollars in an initial public offering.
The IPO, which is expected to take place early next year, will provide a lucrative exit for many of its investors, make some employees wealthy, and serve as a barometer for measuring the success of India’s startup and tech sectors.
Delhivery claims to have fulfilled over one billion shipments and now works with over 21,000 customers, including large and small e-commerce companies, SMEs, and other enterprises and brands since it’s inception.
