Malaysia’s Unicorn, Aerodyne Makes Strategic Investment In Brazil

Probably Malaysia’s most successful unicorn that we lay claim to, Aerodyne Group a company that offers ariel drone service for commercial use is acquiring a controlling interest in Grupo DR1, a drone service provider in Brazil, to further expand its presence in Latin America.

With a presence already in South America, the group sees the strategic investment as an opportunity to gain a greater foothold in the growing industry that will require such services in the coming months. Being in the largest Latin America country will also provide Aerodyne with the opportunity to tap into the largest oil & gas drone services market, which is expected to grow at a CAGR of more than 70% in the next few years.

Aerodyne will also spread its new technology and solutions in precision agriculture, advanced air mobility, and remote and autonomous drone-based solutions space.

Chief Strategy Officer, Amir Zakwan Anuar called the investment a platform to expand the footprint into Brazil and to export our technology solutions and other value-added services to Grupo DR1’s existing clientele and beyond. He added that this is the first of a new wave of investments in the Aerodyne Group pipeline in the strategy to consolidate the drone technology market.

The group is led by Kamarul Muhamed who is also the founder of the group, starting from a small operation servicing local industries, Aerodyne has expanded globally with a footprint in across many time zones. In its latest series of funding, the CEO said the group has managed to raise US$ 90 million and is en route to raise another US$200 million in 2023.

The global drone market is estimated to hit US$43.1 billion by 2026 through annual compound growth of 9.4%, according to Drone Industry Insights, a German-based drone market research, and analytics company.

Previous articleMITI Deputy Minister Hopes to Develop Industries and Strengthen International Trade
Next articleFoxconn Likely To Be Fined for Investment in Chinese Chip Maker

LEAVE A REPLY

Please enter your comment!
Please enter your name here