Exponentials & IR4.0
Drone As A Service ( DaaS )— RIL acquires drone startup Asteria Aerospace
The investment, was done through Reliance Strategic Business Ventures Ltd, a wholly owned subsidiary of RIL. The investment will give RIL a 51.78% holding in Asteria Aerospace.
Reliance has also proposed to invest a further Rs 125 crore in the drone startup, which is subject to Asteria achieving agreed milestones.
After this investment, which is expected to be completed by December 2021, Reliance...