Positive impactCompany
ideaForge signs ₹151 crore loan agreement with Technology Development Board for YETI project
CNBC-TV18 1 hr ago·9 Oct 2026, 4:49 pm
Drone maker ideaForge Technology has secured a ₹151 crore term loan from the Technology Development Board to fund its YETI project. This funding will support the development of a heavy-lift, long-range autonomous aerial vehicle designed for logistics.
This development is significant as it validates the company's ambitious R&D plans and provides necessary capital to scale up production. For investors, it highlights ideaForge's commitment to innovation in the rapidly growing drone logistics sector.
Investors should monitor the progress of the YETI project and subsequent disbursements. The successful execution of this project could be a key growth driver for the company in the coming years.
Excerpt from CNBC-TV18
Published On Oct 9, 2026 | 22:08 IST Last Updated On Oct 9, 2026 | 22:19 IST ideaForge Technology has signed a ₹151 crore loan agreement with the Technology Development Board to fund its YETI heavy-lift, long-range autonomous aerial logistics vehicle project. The funds will be disbursed in tranches to support the…Read the original at CNBC-TV18
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