Malaysian drone company Aerodyne Group has created a new Joint Venture (JV) with Thai partners AI and Robotics Ventures and Digital Creation. The JV will be called AeroSky, and will provide drone enterprise solutions across the Thai market.
The partnership comes after Aerodyne raised an undisclosed amount of funding for its expansion overseas. Investors include Chinese VC firm North Summit Capital, Indian investment company Arc Ventures, and Japan’s Leave a Nest.
The new company will target telecoms, electricity, oil & gas, and other infrastructure-led industries. Its core services will focus on infrastructure inspection and monitoring. AeroSky´s services will allow infrastructure inspection and monitoring to be of better quality, quicker, and at a lower cost. Moreover, its services are expected to mitigate the risk of working at heights which usually necessitate scaffolding.
In effect, according to a recent study released by Swiss academic institute IMD, Thailand suffers from an infrastructure deficit, and there is room to improve infrastructure quality. In particular, the institute assessed that there is an urgent need for Thai infrastructure players to monitor their aging assets. It is significant that foreign companies are entering this segment.
(Sources: Suas News; Tech in Asia)