Magellanic Cloud Limited signed a ₹150 Crore strategic collaboration agreement with Rayonix Tech Private Limited for UAV technology commercialization. The partnership involves forming a 60% owned SPV to manufacture drones in India, aimed at strengthening indigenous defense capabilities.
Magellanic Cloud Limited entered a strategic partnership with Rayonix Tech Private Limited valued up to ₹150 Crore. The collaboration focuses on local manufacturing and commercialization of warfare-grade UAVs and drones for India's defense ecosystem. The partnership supports the 'Atmanirbhar Bharat' vision through a planned Special Purpose Vehicle for autonomous drone technology.
