Private Equity Other Private Equity/Strategic Investments
RattanIndia to make strategic investment in US-based drone platform Matternet
Source Mint (opens in a new tab)
RattanIndia Enterprises Ltd will make a strategic investment in Mountain View, CA (USA)-based urban drone logistics platform Matternet. With this investment, REL forays into the deep-tech unmanned aerial vehicle (UAV) industry, which is set to transform logistics ecosystems worldwide.
Matternet provides technology for on-demand, autonomous aerial delivery for healthcare and logistics sectors.