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

Automotive car sensor

ISRO Chairman Urges Association With Automotive Industry To Produce Sensors Locally

0
The space research organization is making significant strides in creating indigenous car sensors to empower the automotive industry. At the Bangalore Tech Summit on November...

U.S. Approves $1.5B Subsidy For GlobalFoundries Expansion

0
Winning the $1.5 billion US government subsidy, GlobalFoundries is looking to power industries like automotive, IoT, and defence with advanced chip manufacturing in New...

Trump’s Tariff Plan Could Derange Electronics Pricing

0
From disrupting global semiconductor supply chain to inflating iPhone prices, what can Donald Trump's proposed tariff raise on Chinese imports can cause? Donald Trump,...
Chip Manifacturing-NIvidia

New Blackwell Chip Will Propel Nvidia’s Unprecedented Market Growth In Coming Years

0
These chips have effectively dispelled concerns regarding potential pullbacks from tech giants investing heavily in AI processing and data centers. The global AI backed fabless...

David Goeckeler Appointed Chair Of SIA Board

0
Bringing 40 years of tech experience to lead the global semiconductor industry, David Goeckeler, CEO of Western Digital, joins to lead the SIA Board...
Abhishek Malik from Calcom Vision Limited

“India’s Electronics Sector Is Growing Rapidly, Making This The Decade For Investors To Engage”...

0
From the complexities of manufacturing and sourcing components to testing processes that drive innovation, know all the exciting dynamics shaping this ever-evolving industry in...
Sunit Kapur, CEO of Epsilon

“Epsilon Leads With Low-Carbon Graphite Manufacturing, Outpaces Chinese Competitors” – Sunit Kapur, CEO of...

0
Are LFP cathodes and silicon-graphite anodes the best for cost efficiency in EV batteries? Sunit Kapur, CEO of Epsilon Advanced Materials, discusses this with...
John W. Mitchell, President and CEO, IPC

“India’s Core Focus On 5G, IoT, AI Fosters Need For Advanced Electronics,Components, And Semiconductors”...

0
Will Industry 4.0 supercharge India’s progress in semiconductor and electronics manufacturing? IPC President and CEO John W. Mitchell shared more strategies on the country’s...
Raman M., Co-Founder and CEO, chargeMOD

“Our Goal Is To Achieve Complete Sustainability By 2025-2026” – Raman M. Of chargeMOD

0
In a conversation with Nitisha Dubey from EFY, Raman M. of chargeMOD, elaborated his goal of developing virtual power plants by decentralising power production. Q....

“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...
Applied Materials Representational Image

Applied Materials Selects Six Startups For Deep-Tech Accelerator Programme

0
The selected deep-tech startups will be evaluated for investment by Applied Ventures and potential collaboration opportunities with Applied Materials. In collaboration with the company's India...

Space tech Startup Akash Secures $68M CHIPS Funding

0
Eyeing to power into AI, EVs, and more high-tech industries, Akash Systems lands $68 million CHIPS grant to boost its cooling tech facility, generating...

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...

Industry's Buzz

Learn From Leaders

Startups