World's largest drone fund to take a position up to $40

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Japan-based $170 million Drone Fund (DF) ACSL (Autonomous Control System Laboratory Ltd) — one of many world’s largest devoted VCs for selling unmanned aerial car (UAV) ecosystem — intends to take a position up to $40 million in Indian firms working within the sector. It has tied up with drone main Aerodyne India group to put money into the latter’s manufacturing services and likewise to pick different native corporations. Aerodyne India Headquarters: New Delhi CEO: Arjun Aggarwal