RattanIndia Enterprises (REL) has decided to make a strategic investment in US based Matternet, the world's most extensive urban drone logistics platform. With this investment, REL has forayed into the deep-tech Unmanned Aerial Vehicle (UAV) industry, which is set to transform logistics ecosystems worldwide. Matternet, based out of Silicon Valley counts Boeing, Mercedes-Benz, McKesson Ventures and Sony as investors.
Matternet was founded in 2011 by Andreas Raptopoulos, a global thought leader in the UAV industry and a member of the World Economic Forum's Global Drones and Aerial Mobility Council. Matternet provides best-inclass technology for on-demand, autonomous aerial delivery in urban environments and has garnered more revenue to date than any other UAV company from its operations in the US and Switzerland.
RattanIndia Enterprises is engaged in the business of Power generation, transmission and distribution of power and power advisory.
