What we do Aerpace Industries Ltd designs and operates a comprehensive aerial transportation ecosystem, combining flying vehicles, electric cars, docking stations, and software to innovate inter-city travel in India. |
Founded in 2,011 |
Market share Emerging innovator in India's aerial mobility and renewable energy sectors with a developing market presence. |
Problem solved Provides faster, economical, and eco-friendly inter-city travel reducing traffic congestion, vehicle miles, and dependence on oil imports. |
Top clients or who we serve Primarily serves Indian urban travelers, logistics companies, and medical emergency services through B2C and B2B models. |
Key management Milan Shah (Managing Director), Anand Shah (CFO), Neha Mankame (Company Secretary) |
Our journey and innovations Founded in 2011; pivoted from steel trading to infrastructure and renewable energy; launched aerWing aerial vehicles and a 400 MW solar panel line; R&D center established in Pune. |
Where we operate Mainly India with subsidiary in UAE; plans to expand ecosystem nationally. |
Top products or what we offer aerWing flying vehicles, aerCar electric vehicles, aerDock stations, aerVerse software platform. |
Top brands aerWing - versatile aerial vehicle platform; aerCar - electric lightweight vehicle; aerDock - flying vehicle stations; aerVerse - autonomous control software. |
Raw materials needed Steel and advanced composites for vehicles; solar-grade materials for panel manufacturing. |
Raw materials supplier Not specified. |
Recurring vs cyclical contribution Revenue currently limited with ongoing investments; growth expected as ecosystem scales. |
Our industry position Nascent player focused on disrupting transport with aerial vehicle technology and integrated mobility solutions. |
Financial highlights Standalone revenue Rs. 3.02 Cr, net loss Rs. 4.84 Cr in FY2024-25; investing heavily in R&D and infrastructure. |
Geographical revenue split - |
Order book - |
Whats driving growth Innovation in aerial mobility, government focus on renewable energy, increased urban transit demand. |
Our future plans Expand aerWing deployment, grow solar manufacturing capacity, scale R&D efforts for ecosystem integration. |
Our green promise Promotes renewable solar energy and electric transport to reduce fossil fuel dependence and emissions. |
Our people and values 25 permanent employees; strong focus on training, ethics, and inclusion. |
Key challenges ahead Financial losses and need for capital, technology maturation, market adoption, regulatory approvals. |
Interesting facts Among India's pioneers integrating aerial taxi, cargo, emergency and automotive electric vehicles. |
Risks and strategy Managing high investment risks via cost controls, strategic fundraising, and multi-use technology development. |
