Delhivery Launches Drone Services Subsidiary

New-age logistics company Delhivery has announced the establishment of a new subsidiary, Delhivery Robotics India Pvt Ltd., to offer drone services for shipment, movement, and remote sensing. The Gurugram-based firm has invested ₹5 crore in this new venture, as disclosed in a stock exchange filing on Friday.

Delhivery Robotics India aims to conduct advanced research and development in UAV (unmanned aerial vehicles) technology, focusing on various form factors and payloads to achieve type certification and eventual commercialization. The subsidiary will also provide drone pilot training and engage in the manufacturing, production, and global sale of UAVs.

This move aligns with Delhivery co-founder and CEO Sahil Barua’s earlier statements regarding the monetization of the company’s intellectual property (IP) in drone technology.

In February last year, Barua indicated the company’s interest in exploring additional revenue streams for its drone IP and potential monetization in other markets during the financial year 2023-24.

Delhivery’s entry into the drone segment began in 2021 with the acquisition of US-based Transition Robotics. The formation of Delhivery Robotics India marks a significant expansion of its capabilities in the UAV domain.

In a separate exchange filing on Friday, Delhivery reported an 11% year-on-year increase in its operating revenue for the March quarter, totaling ₹2,075 crore. The company posted a net loss of ₹68 crore for the quarter, a 57% reduction from the same period last year.

Additionally, Delhivery announced the liquidation of one of its subsidiaries, Delhivery Corp Ltd, in the UK. This unit had a net worth of ₹1.03 crore and reported a ‘nil’ turnover.

With the launch of Delhivery Robotics India, Delhivery is set to enhance its logistics services through innovative drone technology, positioning itself at the forefront of the rapidly evolving logistics industry.

Disclaimer: This information is covered based on the latest research and development available. However, it may not fully reflect all current aspects of the subject matter.

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