Aereo, an Indian drone tech company, is set to showcase its pioneering solutions at the Asian Infrastructure Investment Bank’s Eighth Annual Meeting in Egypt. It’s the first Indian firm and the sole drone provider selected for this esteemed event. Aereo’s impressive work in sustainable infrastructure development using drones underscores their pivotal role in AIIB’s upcoming technology platform. Their track record includes mapping extensive areas in India, impacting over 120 million lives.
Bengaluru, India — Aereo, a pioneering Indian drone technology company, has been chosen by the Asian Infrastructure Investment Bank (AIIB) to present its cutting-edge solutions at the Eighth Annual Meeting of the Board of Governors held in Egypt from September 25th to 26th, 2023. Aereo’s selection marks a historic milestone as the only Indian company and the first drone solutions provider to participate in this prestigious event.
During the venture capitalist showcase, Aereo’s Co-founder and CEO, Vipul Singh, took the spotlight to demonstrate how drone solutions have the potential to revolutionize sustainable infrastructure development on a global scale. This recognition solidifies Aereo’s pivotal role as a key contributor to AIIB’s forthcoming infrastructure technology platform.
Aereo’s inclusion in this global infrastructure summit is emblematic of India’s rapidly burgeoning drone technology ecosystem. The industry’s liberalization and incentivization have paved the way for widespread drone adoption across various sectors, driving significant advancements in technology and innovation.
AIIB, a distinguished institution boasting 97 member countries including India, China, Germany, the United Kingdom, and many others, launched its mission to build green infrastructure for tomorrow (i4t) in 2016. To date, AIIB has invested approximately USD 45.04 billion across 236 projects.
The selection process for this showcase focused on startups that have made substantial strides in technology-enabled infrastructure development with a profound societal impact. Aereo, which originated as an incubate at the Indian Institute of Technology (IIT) Kanpur in 2013, has carved out a distinctive niche over the past decade and now leads the end-to-end solutions segment. Their impressive track record includes mapping the largest geography in the world using drones in the state of Haryana in India, covering 27,000 sq. Kms. They have cumulatively mapped over 15 million acres of land, encompassing 45,000+ villages, and facilitating efficient development of large-scale infrastructure projects, ultimately impacting the lives of over 120 million people.
Aereo’s versatile solutions address real-world challenges such as construction progress monitoring, tracking Sustainable Development Goals (SDGs) at the grassroots level, land parcel mapping, mine digitalization to enhance efficiency, safety, environmental compliance monitoring, and enabling smart watershed development.
Developing sustainable infrastructure is of paramount importance, as it plays a pivotal role in managing carbon footprints, preserving valuable resources, and fostering economic growth, especially in developing economies. Aereo’s innovative use of drone-powered intelligence demonstrates that project management can be seamlessly executed with enhanced efficiency and high-resolution data.
Vipul Singh, co-founder and CEO of Aereo, expressed his gratitude, stating, “We would like to thank the esteemed panel of jury at AIIB for giving us this opportunity and a global stage to showcase our vision for drone-powered green infrastructure. This is a significant milestone for Aereo, and we look forward to sharing the profound impact of drone solutions beyond our borders. Aereo has strived to build solutions that challenge the status quo and foster innovation at every stage. Drones and aerial intelligence are fundamental technologies that will help us deal with climate change, enable disaster resilience and propel sustainable infrastructure development anywhere on the planet.”
About Aereo
Founded in 2013 at IIT Kanpur, Aereo (formerly Aarav Unmanned Systems) has emerged as India’s leading drone technology company for commercial drone applications. As one of the only companies providing end-to-end drone solutions, they have mapped over 45,000 villages and impacted the lives of over 120 million people.
Aereo was the first company to launch India’s first DGCA-certified survey-grade PPK drone – Aereo INP. In addition to pushing technology boundaries, they have worked intensively to impact productivity, people, and the planet through superior aerial intelligence. Aereo is backed by well-known early-stage deep tech investors like Auxano Capital, KARSEMVEN fund of Karnataka Government, StartupXseed Ventures, 3one4 Capital, GrowX ventures, 500 Startups, Ashok Atluri (MD of Zen Technologies), etc.
