logo
BBBS & Israel's Foresight Awarded USD 5 Million to Build & Commercialize Rugged Autonomous Drones for Hazardous Industrial Environments

BBBS & Israel's Foresight Awarded USD 5 Million to Build & Commercialize Rugged Autonomous Drones for Hazardous Industrial Environments

NewsVoir
Chennai (Tamil Nadu) [India], August 8: Big Bang Boom Solutions Pvt. Ltd. (BBBS), a leading Indian DeepTech startup, today announced the formal approval of a $5 million joint research, development, and commercialization project with Israel-based Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX). The project, funded under the India-Israel Industrial R & D and Technological Innovation Fund (I4F), will focus on developing rugged autonomous drones designed specifically for GPS-denied, hazardous industrial environments.
The India-Israel Industrial R & D and Technological Innovation Fund (I4F) is a joint initiative by India's Department of Science and Technology (DST) and the Israel Innovation Authority which supports technological innovation in healthcare, energy, water, agriculture, and industrial technologies.
Starting in September 2025, the 24-month project will leverage BBBS's strengths in autonomous UAV platforms and Foresight's advanced 3D perception and multi-spectral vision systems. The funding approval from I4F, for 50% of the project's budget, marks a significant step forward in supporting the development and commercialization of next generation drones capable of navigating complex, cluttered, and dangerous industrial environments without human pilots or GPS support. These drones are expected to improve safety, reduce operational costs, and enhance efficiency by performing inspections in hazardous and hard-to-reach environments in industries such as oil and gas, mining, chemical processing, power generation, and critical infrastructure.
Speaking on the significance of the joint project, Dr. Shivaraman Ramaswamy, Director & CTO, BBBS, stated, "This collaboration is a leap forward for autonomous industrial inspection. We are building drones that go where humans and traditional UAVs cannot - safer, faster, and with real intelligence on board."
"This partnership isn't just about integrating technologies -- it's about redefining what's possible in industrial inspection," emphasized Praveen Dwarakanath, Director & CEO, BBBS. "By integrating Foresight's cutting-edge vision systems into our autonomous UAV platforms, we're enabling machines to think, adapt, and operate where human access ends. It's a bold step toward shaping the future of autonomous infrastructure intelligence on a global scale."
Solving Problems Where Traditional Drones Fail
Traditional GPS-dependent drones often underperform or become inoperable in industrial spaces such as tunnels, power plants, and chemical refineries, where GPS signal loss, high heat, dust, electromagnetic interference, or corrosive conditions present real risks.
The jointly developed system will address these limitations with AI-based navigation algorithms, sensor fusion for real-time situational awareness, and ruggedized hardware for performance in confined and thermally unstable spaces. This makes the autonomous platform ideally suited for critical applications across the oil & gas, mining, energy, transportation, and chemical industries.
Use cases include tank and pipeline inspections in oil refineries, underground mine mapping, predictive maintenance in power generation facilities, tunnel surveillance in metro systems, and hazard detection in chemical plants. In all these environments, the autonomous drone system will reduce human exposure, increase operational uptime, and offer real-time decision support through onboard analytics and thermal-visible light sensor integration.
Tapping into a $21B+ Market Opportunity
According to industry projections, the global drone inspection and monitoring market is expected to grow to $21.3 billion by 2027. BBBS estimates that the jointly developed autonomous drone solution could generate over $32 million in revenue by 2031, through deployments in high-value, safety-critical industrial operations.
The approval of this project further builds on the Memorandum of Understanding, signed between BBBS and Foresight in April 2025, and marks a milestone in cross-border DeepTech cooperation under the India-Israel Industrial R & D and Technological Innovation Fund (I4F) program.
Foresight's Deep Technology Advantage
Foresight brings unmatched capabilities in multi-spectral 3D vision, stereo imaging, depth perception, and real-time scene reconstruction - technologies already proven in the automotive ADAS and autonomous vehicle sectors.
Their team of highly specialized engineers in Israel has deep expertise in embedded vision systems, computer vision, and machine learning. Operating from the Weizmann Science Park in Ness Ziona, Israel, Foresight's R & D facilities include advanced testing labs, autonomous vehicle testbeds, and simulation environments that enable rigorous validation of perception algorithms and sensor systems.
For more information about Foresight, visit www.foresightauto.com.
Big Bang Boom Solutions Pvt. Ltd. (BBBS) is one of India's leading DeepTech startups, focused on developing indigenous, next-generation defence, aerospace, and dual-use technologies. Founded with a mission to solve high-impact national and industrial challenges through innovation, BBBS blends scientific research, advanced engineering, and user-centric design to create cutting-edge solutions across Autonomous systems, Counter UAS systems, UAVs, smart surveillance, and tactical platforms.
With strong R & D roots, BBBS has rapidly emerged as a trusted technology partner to the Indian Armed Forces, homeland security agencies, and strategic industrial sectors. The company's autonomous drone systems, anti-drone solutions, wearable soldier tech, portable shooting ranges and AI-driven situational awareness platforms are being developed for deployment in some of the world's most demanding environments.
BBBS has been recognized for its innovation by multiple government and defence bodies, including being selected for prestigious programs under iDEX (Innovations for Defence Excellence), DRDO, and Make in India. Its multidisciplinary team brings together experts in robotics, AI, embedded systems, and mission-critical electronics to deliver scalable, field-ready solutions.
Headquartered in Chennai, India, BBBS continues to expand its technological footprint globally through collaborations with international OEMs, research institutions, and public-private R & D partnerships, all while maintaining a strong commitment to Atmanirbhar Bharat and strategic technological self-reliance.
For more information, visit www.bigbangboom.com.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

CPI lauds Centre's stand on crude oil purchase from Russia
CPI lauds Centre's stand on crude oil purchase from Russia

The Hindu

time10 minutes ago

  • The Hindu

CPI lauds Centre's stand on crude oil purchase from Russia

Communist Party of India (CPI) national Secretary K. Narayana on Friday appreciated the Indian government's firm stand on purchase of crude oil from Russia at cheaper rates despite the mounting pressure from the United States. However, he said that while the government refines and exports this oil to foreign nations, it has failed to provide petroleum products like diesel and petrol at reduced prices to its own citizens. 'This reflects a profit-driven motive, with no regard for the hardships of the common people', he said in a release issued here, while demanding that Prime Minister Narendra Modi redirect the profits gained from refining and exporting Russian crude oil to the people by reducing fuel prices. Thanking the Ministry of External Affairs for maintaining country's long-standing friendship with Russia, which, he said 'dated back to the Soviet era', Mr. Narayana recalled Russia's support to India during critical moments, including the 1971 Bangladesh Liberation War, when Soviet submarines came in support of the Indian forces. India must defend its sovereign rights and reject the hypocritical approach of the United States, he concluded.

Tariff uncertainty may delay investments, spending: SBI Chairman Setty
Tariff uncertainty may delay investments, spending: SBI Chairman Setty

Business Standard

time10 minutes ago

  • Business Standard

Tariff uncertainty may delay investments, spending: SBI Chairman Setty

Flagging risks from uncertainty over trade tariffs on investments, SBI Chairman C S Setty on Thursday said the impact on banks from sectors directly exposed to the United States of America (USA) will be limited. However, the narrative around the uncertainty is more damaging and may cause delays in investment decisions and postponement of spending. The overall exposure of the banking system to four or five sectors directly exposed to the USA is very limited, and SBI also does not have much exposure to these sectors. Setty, speaking in a post-results media interaction, said, 'The second factor that we have to take into account is the uncertainty in terms of how these tariffs are going to play out and how quickly this is going to be addressed.' It is due to this uncertainty, he said, that many investment decisions may be delayed and people may postpone spending. This was the second-order impact of tariffs, so to say, he added. 'Our assessment is that while the direct impact on these sectors may be limited, the sooner this issue gets resolved, the better. I am sure the government is working on that,' he opined. Indian exports are broad-based — both in terms of the basket of exports and the geographies to which they are directed. 'The impact will be limited. The narrative is more damaging. I think that needs to be addressed,' he added. Referring to subdued corporate credit offtake, Setty said, 'Corporations are not really talking about tariffs, but I think for the last two–three years we have seen global uncertainties — wars across geographies and geopolitical tensions.' 'These are all adding up, but I believe once they have greater visibility on the domestic consumption side, they would come back to the investment cycle. The bank has a very large pipeline. It is only that in some of the core sectors the decisions are delayed,' the SBI Chairman said.

Donald Trump rules out India-US trade talks until tariff row is resolved
Donald Trump rules out India-US trade talks until tariff row is resolved

Business Standard

time10 minutes ago

  • Business Standard

Donald Trump rules out India-US trade talks until tariff row is resolved

United States (US) President Donald Trump has ruled out the possibility of trade negotiations with India until the issue of tariffs is resolved. 'No, not until we get it resolved,' Trump said in the Oval Office in response to a question on whether he expects increased trade negotiations with India since he has announced 50 per cent tariffs on the country. Despite negotiating for four months, India and the US could not finalise a mini trade deal by the 1 August deadline due to differences over market access for American dairy products and genetically modified crops. Thereafter, the US administration last week announced 25 per cent tariffs on Indian imports, which took effect from 7 August. Five days later, it imposed an additional 25 per cent tariff on India's shipments to the US, blaming New Delhi's Russian crude oil purchases — making the cumulative additional tariff 50 per cent from 28 August. Meanwhile, Commerce and Industry Minister Piyush Goyal said that reciprocal tariffs imposed by the US administration would not lead to de-globalisation but result in countries restructuring their trade routes and trade partners. Without naming any country, the minister further said that a successful deal relies on mutual respect and sincerity and can never be lopsided. 'Remember in life that a deal can only work when it's a win, win. It can never be a lopsided, one-sided leadership. If you respect the other person, you receive corresponding respect. I think success in dealmaking is entirely a result of sincerity — sincerity of purpose, sincerity of objective and honesty in your dealings,' Goyal said at an event organised by Business Today, when asked about tips on dealmaking. 'I am quite confident that this year, India will do more exports than we did last year,' the minister said. India exported goods worth $437 billion during the financial year 2024–25. However, Moody's Ratings on Friday said India's gross domestic product (GDP) growth is likely to slow down by about 30 basis points to 6 per cent in FY26 if the US implements 50 per cent tariffs from 27 August. 'Should India continue to procure Russian oil at the expense of the headline 50 per cent tariff rate on goods it ships to the US, which is currently its largest export destination, we project that real GDP growth may slow by around 0.3 percentage points compared with our current forecast of 6.3 per cent growth for fiscal 2025–26 (ending March 2026),' Moody's said. However, resilient domestic demand and the strength of the services sector will mitigate the strain on India, the rating agency said, adding that India's response to high US tariffs will ultimately determine the effect on its growth, inflation and external position. Separately, World Trade Organization (WTO) Director General Ngozi Okonjo-Iweala in a message said the global trading system is experiencing its worst disruptions since the Second World War and multilateral cooperation itself is being called into question. 'Additional cause for concern comes from potential signs of fragmentation in world trade. If trade fractures along geopolitical lines, there will be detrimental consequences for global economic growth, with low-income economies suffering the worst welfare losses,' she said in the WTO annual report 2025 published on Thursday. WTO economists have downgraded expectations for merchandise trade volume growth by nearly three percentage points and now expect a 0.2 per cent contraction in 2025.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store