New Delhi: Accelerated Money For U (AMU), a leading tech-driven Indian NBFC, has made its official entry into the advanced air mobility space by becoming a support partner to TSAW Drones, a recognized drone logistics service provider in India.
With this strategic collaboration, AMU becomes the first NBFC to offer dedicated debt financing for drones. Under this partnership, AMU will support TSAW in expanding its UAV fleet size and overall production capacity in India. Through this financial collaboration, AMU aims to pave the way for more substantial partnerships and investments in the Unmanned Aerial Vehicles (UAV) sector, catalyzing innovation and growth and establishing itself as a pioneer in cleantech financing, the company said in a media release.
TSAW Drones is a leading name in the drone technology space, offering innovative last-mile delivery using its latest drone fleet. AMU’s support will enable them to renew their efforts towards developing and displaying efficient and sustainable drone solutions across leading industries, including healthcare, logistics, and agriculture, the release said.
The Indian drone market, projected to generate USD 27 million in revenue in 2024 and anticipated to record a robust annual growth of 5.96% between 2024 and 2028, will benefit significantly from strategic alliances like this headed by AMU.
Nehal Gupta, MD of AMU, said, “AMU’s partnership with TSAW Drones is a huge milestone for us as we step into the advanced air mobility space. I am beyond thrilled to witness how our powerful collaboration unfolds and its potential impact on the nascent UAV industry. AMU understands the transformative potential of drone technology and is proud to be a pioneer in debt financing and its journey. I am confident this timely push will revolutionize aerial logistics in India beyond our imagination and open more doors for its advancement.”
AMU is currently looking to expand its horizon into verticals like drones and buses and planning state-wide expansions across the country to strengthen its market presence. Through its new partnerships, the NBFC aims to contribute significantly for the technological advancements in the EV and drone sector and support cutting-edge initiatives that help drive the nation towards green mobility and sustainability, the release added.
