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Updated: May 06, 2025 16:00
Paras Defence and Space Technologies has entered into a strategic joint venture with Israel-based HevenDrones to design and manufacture hydrogen-powered drones for defence and homeland security applications. The collaboration aims to introduce advanced unmanned aerial systems with extended flight endurance and modular payload capabilities, marking a significant step in India's drone technology landscape.
Strategic Developments
- The joint venture will serve as the exclusive platform for bringing HevenDrones' hydrogen-powered drone technology to India, ensuring local production and deployment.
- These drones are designed for high-altitude missions, tactical surveillance, border logistics, and defence supply chain operations.
- HevenDrones will transfer intellectual property, production manuals, and working prototypes to the joint venture, while Paras Defence will oversee manufacturing, regulatory compliance, and sales operations.
- A joint board will appoint key executives, including the CEO, CFO, and COO, to manage operations and training programs.
- The partnership aligns with India's Atmanirbhar Bharat initiative, promoting self-reliance in defence technology and expanding global market reach.
Industry experts view this collaboration as a milestone in India's drone sector, with the potential to enhance security operations and logistics efficiency. The joint venture is expected to accelerate the adoption of hydrogen-powered drones, offering sustainable and high-performance solutions for military and civilian applications.
Sources: BusinessWorld, Voice&Data, Business Standard, EquityBulls, Paras Defence Official Statements
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