The amount of the deal – comprised of a cash injection, changes to the management team, as well as technical, business development, and operational collaborations – was not disclosed.
According to Ahmed AlNomany, InkonovaAB Co-founder and CEO, Terra Drone’s global network of clients, post-processing domain, service-based business model, customer experience, technical personnel, and human and financial resources will help the company ramp up its business development and commercial-readiness efforts, taking the technology to the next level.
Inkonova will supply Terra Drone with its UAV core technology, including anti-dust and waterproof platforms (as in the TILT Ranger) and infrastructure-denied autonomous navigation (as in the Batonomous), while Terra Drone, as said, apart from financing, will employ its global clients, local offices, pilots, post-processing capacity, and broader commercial and technical domain expertise.
Mr.Toru Tokushige, Founder and CEO of Terra Motors Corporation and Terra Drone Corporation, will be appointed as a board member.
Inkonova AB is an aerial robotics company serving the underground mining sector globally. Its products include aerial platforms, and aerial autonomous navigation/mapping solutions that are customized to the constraints of underground mines, and subterranean or constricted industrial spaces.
In line with the partnership, its products will undergo rebranding to streamline with Terra Drone products, details of which will be announced later this month.
Terra Drone is a global commercial drone technology company and has 10 subsidiaries in Japan, APAC, EU, Africa, North America, and South America. It mainly focuses on Mining, Construction, Energy Utility, and Oil&Gas applications. For these industries, the company provides packages including hardware, software, service on site, and UTM (Unmanned Traffic Management).
Its group company Terra Motors manufactures and sells innovative electric two wheelers and three wheelers throughout Asia. Sales figures are above 30,000 per unit.
FinSMEs
13/10/2018