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The objectives of the new unit include conducting “cutting-edge research and development in UAV (unmanned aerial vehicles) technology, focusing on various form factors and payloads for eventual type certification and commercialisation,” Delhivery said.
It will also provide drone pilot training, and engage in “drone manufacturing, producing and selling UAVs globally.”
In February last year, Delhivery cofounder and chief executive Sahil Barua had said the company is considering monetising the intellectual property (IP) the company has developed for drones.
“We are evaluating other possible revenue streams for the IP that we have created, and we will look at other markets to see whether this can be monetised. I think that is something that we will do in the financial year 2023-24,” he had said at a post-earnings analysts call earlier.
In 2021, the company marked its foray into the drone segment with the acquisition of US-based Transition Robotics.
On Friday, Delhivery announced an 11% year-on-year rise in its operating revenue for the March quarter at Rs 2,075 crore. The company posted a quarterly net loss of Rs 68 crore, 57% down from same period last year.
The company also said in a separate exchange filing that it was liquidating one of its other subsidiaries, Delhivery Corp Ltd, in the UK. The unit has a net worth of Rs 1.03 crore with a ‘nil’ turnover.
