ideaForge Backs US-Based Vantage Robotics

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SUMMARY

The listed startup has infused $1.83 Mn (around INR 15.96 Cr) in the US-based company

The transaction has been done via compulsorily convertible promissory note

Incorporated in 2013, Vantage Robotics manufactures UAV and UAV components and has strong R&D capabilities

Listed drone tech company IdeaForge has infused $1.83 Mn (around INR 15.96 Cr) in California-based unmanned aerial vehicle (UAV) manufacturing company Vantage Robotics via compulsorily convertible promissory note.

“This is not an acquisition, rather it…



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ideaForge Backs US-Based Vantage Robotics


SUMMARY

The listed startup has infused $1.83 Mn (around INR 15.96 Cr) in the US-based company

The transaction has been done via compulsorily convertible promissory note

Incorporated in 2013, Vantage Robotics manufactures UAV and UAV components and has strong R&D capabilities

Listed drone tech company IdeaForge has infused $1.83 Mn (around INR 15.96 Cr) in California-based unmanned aerial vehicle (UAV) manufacturing company Vantage Robotics via compulsorily convertible promissory note.

“This is not an acquisition, rather it…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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