Commercial Drones: Alpine 4 Technologies is Acquiring Vayu US

- Advertisement -

Vayu represents Alpine 4’s second recent acquisition in the fast-growing UAV space. Vayu’s investors include founders of Tesla

Alpine 4 Technologies, has entered into a binding LOI with Vayu (U.S.), Inc (Vayu). Vayu builds high-performance vertical take-off and landing (VTOL) hybrid propulsion-based, autonomous aircraft. Its customers and partners range from public and private entities in Australia, Canada and sub-Saharan Africa in a variety of sectors – from critical medical supply transport to infrastructure inspection.

“I cannot say enough about Vayu and why I absolutely love this company. Their mission is resolute and purposeful. Their X5, G1 and G2 aircraft are designed to deliver lifesaving medicine and technology to people within inaccessible areas of developing countries, as well as hard-to-reach and vulnerable communities in the U.S. The mission-driven purpose of it alone is even more significant than its dollar value. When you look at the evolving landscape of the commercial UAV industry, you see an abundance of opportunities for Vayu’s family of VTOL aircraft. Its seven years of expertise combines not only core technologies advantages but also invaluable market insights,” said Kent Wilson, CEO of Alpine 4.

- Advertisement -

Vayu represents Alpine 4’s second recent acquisition in the fast-growing UAV space and will serve as a vital addition to the platform capabilities of Impossible Aerospace. The shareholders of Vayu are primarily leading venture capitalists and angel investors, including Tesla Motors founder’s Martin Eberhard and Marc Tarpenning and Cosmonaut Esther Dyson, as well as public health experts.

The transaction will be completed in a reverse triangular merger with a newly formed subsidiary of Alpine 4. Upon meeting the final closing conditions, Vayu will be a wholly owned subsidiary of Alpine 4. Vayu and Alpine 4 expect to have the closing conditions met by January 10th, 2021. Daniel Pepper, the current CEO of Vayu, will continue on in his role as CEO.

Daniel Pepper, CEO of Vayu, said, “This represents the beginning of a new chapter in Vayu’s story. The company began in response to an acute need of tremendous magnitude: solving some of the hardest logistical challenges for delivering medical care, anywhere in the world. Over the years Vayu’s capabilities have grown in size and capability, and in direct response to an enormous amount of customer and stakeholder engagement. Platforms such as the G1 and the G2 are virtually unmatched in the civilian market, yet their demand is as critical as ever.”

He added, “Whether it is for maritime surveillance, forest fire monitoring, linear asset inspection, or the primary and core use case of medical delivery, Vayu’s opportunity set is wide, diverse, and growing. In the years to come, Vayu will further expand its offerings to a range of customers, ever expanding its payload and range capabilities, while further investing in its autopilot and avionics expertise to further safety, reliability, and autonomy.”

It is to be noted here that Alpine 4 Technologies had entered the commercial drone space last month. The same as done after acquiring Impossible Aerospace Corporation.

- Advertisement -

Most Popular Articles

Infineon, Stellantis Partner To Advance Next-Gen Vehicle Power

0
With a dedicated Joint Power Lab and secured supply agreements, the partnership is set to drive transformative advancements in EV performance, cost-effectiveness, and the...

Audi Launches New EV Brand In China, Drops 4-Ring Logo

0
On Thursday, Audi introduced a new electric vehicle brand in China, branding the cars solely with the name 'AUDI' instead of its traditional four-ring...
IIT Bhubaneswar

IIT Bhubaneswar Partners MOSart Labs To Boost Engineering Skills In Chip Industry

0
The aim is to help students with essential skills in areas such as very-large-scale integration (VLSI), semiconductor technology, analog and digital design, validation, and...
Jaguar concept EV

JLR Highlights Its Biggest Reinvention With The Concept Car Jaguar Design Vision

0
The four-door GT is anticipated to be Jaguar's most powerful model to date. Its targeted range is approximately 430 miles (700 kilometers), and its...

ISE Labs Expands With New OSAT Facility In Mexico

0
Turbocharging its growth in North America’s tech hub, ISE Labs is set to build an OSAT semiconductor facility in Jalisco, Mexico, eyeing to create...

“Adoption Of IoT-Enabled SMT Machines Is Still In Early Phases” – Pradeep Tandon, Director...

0
While electronics are becoming smarter through the Internet of Things, is electronics manufacturing following suit? Pradeep Tandon, Director for India, Middle East, and SAARC...
Dr Yashodhan P. Gokhale, Vice President for Battery Technology, JSW Energy

Charge Forward: High-Voltage Batteries And MSMEs Can Fuel India’s EV Revolution

0
A nuanced explanation of low- and high-voltage EV batteries by Dr Gokhale, Vice President for Battery Technology at JSW Energy, illuminates their advancements and...
Sanjay Gupta, CDO & Global Head of Engineering, L&T Semiconductor Technologies

Can MSMEs Contribute And Profit From The Semicon Boom?

0
Semiconductor manufacturing often requires significant investment, typically feasible only for governments or large corporations. But are there opportunities for MSMEs as well? We spoke...
N.P. Ramesh, COO and Co-Founder, Orb Energy

“We Ensured Customers’ Monthly EMI Would Be Equal To Or Less Than Their Electricity...

0
In a conversation with Nitisha from EFY, N.P. Ramesh of Orb Energy outlines the early financing challenges customers faced. He explains how Orb Energy’s...

“Government Policy Should Equitably Address All Electric Vehicles: Extend Subsidies To Retrofits Or Remove...

0
Aryaman Raghuvanshi from EFY engages with Pramod Narendra, Head of Brand Management and Retail Network at Starya Mobility, to explore the overlooked potential of...

Wireless Light-Based Communication With Velmenni’s Technology

0
Velmenni is at the forefront of wireless communication innovation with its pioneering light-based technologies, Li-Fi and LC Link. Founded by Deepak Solanki in October 2014...

Harnessing AI Technology For Efficient Pest Management

0
AI-Genix, an agri-tech startup, is transforming pest management for farmers through advanced AI-enabled systems that precisely target harmful pests. In an industry where pesticides and...

One Charger To Charge All Your Devices

0
Now, there is no need to carry different chargers for different products. This Bhubaneswar startup has launched a universal 65W charger using GaN technology...

Karnataka Government Initiative Promises ₹5M To Tech Startups

0
Boosting innovation and entrepreneurship across the state’s vibrant ecosystem, Karnataka launched Elevate 2024 and KAN, offering grants up to ₹5 million for startups. On Tuesday,...

CastNX Tech Startup Secures ₹232M For Power Electronics Growth

0
Eyeing to boost R&D and produce 100,000 variable frequency drives by 2026, Indian power electronics startup CastNX has secured ₹232.2 million from Plutus Investments. CastNX...

Industry's Buzz

Learn From Leaders

Startups