Under Rs 50: Multibagger Drone Company Partners with Cavok Engineering to Fast-Track Development of 1.5-Ton Payload Drone – Stock Hits Upper Circuit Back-to-Back!
The company’s shares have delivered an impressive multibagger return of over 1,350 per cent in just 1 year.
This Small-Cap company announced a major milestone in the progress of our aerWing project, a key part of our vision to revolutionize aerial transportation. Aerpace Industries partnered with Cavok Engineering, a renowned firm with deep expertise in unmanned aerial vehicle (UAV) and urban air mobility (UAM) technologies, to fast-track the development of the large-scale drone, designed to carry a payload of 1.5 tons.
The partnership focuses on the design, analysis, and technical development of aerWing, intended to transform cargo transport with a 1.5-ton capacity. Cavok Engineering, with expertise in over 14 UAM and UAV projects and 8 manned aircraft certifications, will guide the drone through key technical phases.
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This partnership is a critical step in advancing the aerWing within the company's broader air transportation ecosystem, Aerpace. In addition to cargo transport, aerWing is expected to play a significant role in sectors such as aerTaxi, aerAmbulance, and aerCargo. The company is confident that with Cavok’s expertise, the project will progress swiftly toward conceptual design, prototyping, and certification.
The Cavok team, led by Florin Filipescu and Sebastien Lefebvre, brings advanced tools, software, and methodologies to the project, ensuring the selection of top-quality systems that are both efficient and cost-effective.
On Tuesday, the shares of Aerpace Industries hit the upper circuit and finally closed at around Rs 44.55 per share on the BSE. The company’s current market capitalization stands at Rs 666 crore. Additionally, the shares have delivered an impressive multibagger return of over 1,350 per cent in the past 1 year only.
According to the shareholding pattern of the company, the promoters hold a 50.71 per cent stake. Public investors own 49.29 per cent of the shares.
Disclaimer: The article is for informational purposes only and not investment advice.