Indian Drone Manufacturer, Johnnette Technologies raises close to a Million dollars in Pre-Series A round from Hardcastle Petrofer – sUAS News – The Business of Drones
Johnnette Technologies, an Indian Drone manufacturer and the parent company of Indian Institute of Drones, the no. 1 Drone pilot training school in India raises close to a million dollars in Pre-Series A round from Hardcastle Petrofer, a leading Indian manufacturer of industrial oils.
[December, 2021]:Johnnette Technologies, a successful bootstrapped Indian UAV manufacturer, has raised close to a Million dollars from Hardcastle Petrofer as it looks to scale up its UAV manufacturing and Drone pilot training business. The global drone market is expected to experience remarkable growth in the coming years owing to the rise in the use of drones in military and commercial sectors all across the globe. The UAV sector holds tremendous opportunities and if unleashed, has the potential to transform many of the sectors and could contribute 4-5 % to India’s GDP, due to the multiplier effect. As per NITI Aayog estimates, the Indian market for UAV will be $50 billion over the next 15 years.
With a vision to create cutting edge drones and to meet the growing demand of drone pilots across the world, Lt Cdr John Livingstone – Founder and CEO, started his entrepreneurial journey after retiring from the Indian Navy and founded Johnnette Technologies Private Limited in 2014. Since then, the company has been a pioneer in the development of cutting-edge products for Military and Commercial applications. “The investment is intended to be utilized for product development and expansion of our team. We provide cost-effective and high-quality indigenous products to the Defence forces and this investment will help us refine our existing line of products and enter the untapped market with a solution for industrial based applications.” says Lt Cdr John Livingstone.
“We are thrilled to be associated with Johnnette Technologies and we strongly believe that the Indian drone industry will soon be the drone hub of the world” says Achal Jatia, Chairman, Hardcastle Petrofer.
Johnnette Technologies Pvt Ltd. has been a pioneer in the development of Unmanned Systems Technology in India. The company was registered in April 2014 and since then the company has been providing cutting edge high-quality aerospace systems to the paramilitary, commercial, aerospace and defence sectors with expertise in the Unmanned Systems technology. Indian Institute of Drones (A subsidiary of Johnnette Technologies) is the no. 1 Drone training institute in India. Having Trained more than 3000 Drone Pilots in India, it specialises in training professionals and Drone technology enthusiasts who have the willingness to learn the art of flying drones to carry out UAV piloting and operations with great emphasis on flight safety and security issues.
Hardcastle Petrofer is an unparalleled combination of an Indian Company and a German Company both having served their respective Industries for over half a century. Hardcastle has made pioneering efforts during its long market presence in the Indian Metal Processing Chemicals field. Founded in Germany over 50 years ago, Petrofer has attained market leadership in many areas through its dedication towards customer service and product development. The excellence of its product range is the result of the Company’s philosophy of continuous improvement and the dedication of its personnel at its development center in Hildesheim Germany.