Draft:IdeaForge

ideaForge Technology Limited is an Indian unmanned aerial vehicle (UAV) commonly known as a drone manufacturer company established in 2007 and headquartered in Mumbai. It designs and manufactures drones for mapping, security, and surveillance application. It is backed by Infosys, Qualcomm, Celesta, Florintree, EXIM Bank, Indusage Technology Venture Fund, and Infina Finance.

In Dec 2022, ideaForge ranked 7th globally in the dual use category that is civil and defence as per the report published by Drone Industry Insights.

History
ideaForge was established in 2007 in Mumbai in Mumbai by IIT Bombay graduates Ankit Mehta, Rahul Singh and Ashish Bhat.

In 2009, the company launched its first fully autonomous micro unmanned aerial vehicles (UAV) with a quadrotor configuration.

In 2020, the company received a $20 million order from the Indian Army for its SWITCH UAVs, which is a vertical takeoff and landing (VTOL) UAV that can operate at high altitudes and difficult climatic conditions for day and night surveillance.

In Jul 2023, the company raised inr 2550000000 from 31 anchor investors by allocating 37.92 lakh equity shares to anchor investors. It opened its initial public offering (IPO) with an Offer For Sale (OFS) of inr 5670000000 comprised with ₹240 crore fresh issue and ₹327 crore by promoters and investors up to 48.69 lakh equity shares worth in BSE & NSE on 7 July 2023. The IPO gained a premium of 94% to the issue price of ₹1,296 on the opening day.

In 2024, the ideaForge partnered with Skylark Labs, a US based Artificial Intelligence (AI) solutions company to integrate self-evolving drones AI capabilities for public safety and security applications. It will help drones autonomously detect and identify suspicious weapons, persons, vehicles, fires, and smoke in real-time.

Products and services
The company manufactures drones for mapping, security, and surveillance applications assisting defence forces in conducting intelligence, surveillance, and reconnaissance (ISR) operations along borders. The company majorly caters to the central armed police forces, armed forces, state police departments, forest departments, disaster management forces, and civil customers.


 * DRDO Netra - jointly developed by the Research and Development Establishment (R&DE)
 * Switch UAV, Netra V4 UAV, Q6 UAV, Ninja UAV, Q4i UAV, and Ryno UAV products specialised with in extreme temperatures (-20°C to +50°C), marine environment, dusty weather conditions and high humidity.

Awards and recognitions
In 2023, the company has indigenously developed Fixed-wing VTOL UAV - SWITCH UAV that can fly at diverse terrains and harsh environments, ranging from -30 °C to +55 °C for a variety of security and surveillance applications.