Redwing Acquires Assets of Swedish Drone Delivery Startup Aerit, Adding European Entry and ML-Based Flight Routing Capabilities
BusinessWire India
Bengaluru (Karnataka) [India], June 7: Redwing, a leading provider of drone-based instant logistics solutions from India, today announced the strategic acquisition of the assets of Aerit, a Swedish drone delivery startup recognized for its advanced autonomous delivery technology for suburban homes. This asset acquisition significantly strengthens Redwing's position in Europe, accelerating its expansion efforts in one of the world's fastest-growing drone logistics markets.
Aerit had successfully collaborated with Foodora in 2024, with EASA's SAIL II permits for Sweden operations for delivering food from retailers to consumers. Built by a talented team of engineers from Spotify, Scania Group & PhDs, it was the 1st company to complete commercial food drone delivery in Sweden.
The integration of Aerit's state-of-the-art autonomous flight technology "Stewie" and operational know-how significantly enhances Redwing's technological portfolio. This move allows Redwing to rapidly develop and deploy advanced drones tailored specifically to the complex and evolving needs of the logistics sector. Aerit's drone systems are acclaimed for their safety, reliability, and operational efficiency, attributes critical to achieving scalable drone operations and commercial viability.
This acquisition underscores Redwing's commitment to driving innovation and achieving leadership in the BVLOS drone logistics industry. With a proven track record of more than 300,000 kilometers of Beyond Visual Line of Sight (BVLOS) flights, Redwing has consistently demonstrated the capability and readiness of its autonomous drone platform in demanding scenarios such as drone logistics in rain, hilly terrains & coastal winds. By integrating Aerit's expertise, Redwing further solidifies its ability to deliver comprehensive, highly reliable drone-based solutions that meet stringent European regulatory requirements.
"The acquisition of Aerit is a pivotal step for Redwing, expanding the BVLOS portfolio & improving ML-based flight routing capabilities alongside EASA regulatory headway," said Anshul Sharma, co-founder of Redwing. "By combining Aerit's innovative technology and European market presence with Redwing's deep expertise in scalable, autonomous drone logistics, we are excited to complete this acquisition process."
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
India Gazette
2 hours ago
- India Gazette
Bone-crushing Russia sanctions bill could crush US trade Politico
Washington risks isolating itself from top world economies, including key European allies, according to the outlet The passage of a new US sanctions package on Russia could disrupt America's relationships with its biggest trade partners and isolate it from the world's leading economies, Politico reported on Saturday. The proposed bill includes a steep 500% tariff on imports from any country that continues to buy oil, gas, uranium, or other key commodities from Moscow. Among those most affected would be India and China, which together account for approximately 70% of Russian energy exports. Several other nations that import Russian energy and uranium could also be subject to the bill's penalties. Imposing 500% tariffs on Chinese-made imports would likely trigger a surge in consumer prices, severely disrupt supply chains, and potentially push US unemployment to levels associated with a recession, Politico noted. The sanctions could be described as targeting the US itself since the country continues to rely on enriched uranium imports from Russia for its nuclear power sector. And it could effectively isolate the US from many of the world's leading economies, including its European allies, the article says. US Senator Rand Paul wrote in the publication Responsible Statecraft that the bill "essentially amounts to an embargo" and could trigger "economic calamity on a scale never before seen in our country." He added that such punitive measures are unlikely to change Moscow's core strategic goals and only further entrench the US in a "failing" foreign policy approach. The sanctions bill was introduced in early April by a bipartisan group of senators led by Republican Senator Lindsey Graham and Democratic Senator Richard Blumenthal. In addition to 500% tariffs, the measure includes secondary sanctions targeting countries that maintain commercial ties with Moscow. Graham recently proposed amendments to exempt countries providing military aid to Ukraine from the tariffs. The change would shield the EU, which continues to import gas from Russia. The senator described the bill as "one of the most draconian sanctions bills ever written" and the sanctions as "bone-crushing." Russia has consistently criticized Western sanctions, calling them illegal, and maintains that they have failed to inflict lasting economic damage. In March, Russian President Vladimir Putin said that a total of 28,595 sanctions had been imposed on Russian companies and individuals in recent years - more than the total number on all other countries combined. According to the president, the West sought to eliminate Russia as a competitor, but its economy has only grown more resilient under pressure. (
Time of India
6 hours ago
- Time of India
H&M quietly moving brand toward private ownership
Hennes & Mauritz AB, the fast-fashion retailer that's been listed on the Swedish stock market since 1974, is steadily moving back toward private ownership . The founding family has stepped up purchases of H&M shares, spending more than 63 billion kronor ($6.6 billion) since 2016 to amass nearly two-thirds control and fueling speculation it could take the Stockholm-based company back into private hands - despite denials from family members. The Perssons, one of Sweden's wealthiest families, have built up a growing stake through holding company Ramsbury Invest , saying little about their intentions other than that they "believe" in H&M, which was founded in 1947 by Erling Persson. The media-shy clan is now getting within striking distance of full control of the retailer, which in recent years has been losing ground among shoppers to its main rival Zara and "ultra-fast fashion" upstarts like Shein . "This is something we've been talking about for years, and few would doubt that's the direction things are headed," said Sverre Linton, chief legal officer and spokesperson for the Swedish Shareholders' Association, which represents small stock investors. If the family doesn't plan to take H&M private, it should communicate that more clearly and stop buying shares, he added. The family has ramped up insider buying by reinvesting dividends, boosting its H&M stake to almost 64% from 35.5% over the past nine years via Ramsbury, a vehicle named after billionaire Stefan Persson's sprawling estate, one of the largest private landholdings in southern England. Including extended family holdings, the Perssons now control roughly 70% of the capital and some 85% of voting rights, according to H&M's website. Live Events In an interview last year with Bloomberg, H&M Chairman Karl-Johan Persson - grandson of the founder - dismissed talk that the family intended to take the company private. "There are no plans," he said. "We just buy because we believe in the company." Representatives at Ramsbury Invest and H&M declined to comment. Analysts including Niklas Ekman at DNB Carnegie say the regular purchases could be more than a show of confidence in the retailer. In a note to clients last month, he estimated that if the family keeps acquiring shares at the same pace a buyout could come as early as two years from now. If the family's holding reached 90%, it could request a de-listing of the shares. Economic Times WhatsApp channel )
New Indian Express
8 hours ago
- New Indian Express
Beijing proposes easing export of rare earths to European Union
BEIJING: China has proposed establishing a "green channel" to ease the export of rare earths to the European Union, the commerce ministry said Saturday, after Beijing restricted their sale abroad. Beijing has since April required licences to export these strategic materials from China, which accounts for more than 60 percent of rare earth mining production and 92 percent of global refined output, according to the International Energy Agency. The metals are used in a wide variety of products, including electric car batteries, and there has been criticism from industries about the way China's licences have been issued. "Export control on rare earths and other items is an international practice," the commerce ministry said in a statement. "China attaches great importance to Europe's concerns and is willing to establish a green channel for eligible applications, fast track the examination and approval, and instruct the working level to maintain timely communication on this," a ministry statement said. The comments were attributed to China's Commerce Minister Wang Wentao, who met Tuesday with EU trade commissioner Maros Sefcovic. During the bilateral talks, Wang said he hoped the bloc would in turn "take reciprocal action, adopt effective measures to facilitate, safeguard, and promote compliant trade of high-tech products with China," according to the commerce ministry. The two officials also discussed imports by European countries of Chinese electric vehicles, which the EU has hit with levies over allegedly unfair subsidies from Beijing. "The negotiation on the price commitment of electric vehicles between China and Europe has entered the final stage, but both sides still need to make efforts," the commerce ministry said. The discussions will be followed by China hosting a summit with the EU next month, 50 years since Beijing and Brussels established diplomatic ties.
