Colab Platforms Limited announced a non-binding MoU with RRP Drones Innovation Private Limited to collaborate on designing, developing and deploying all-weather AI-powered autonomous aerial surveillance drones across Agriculture, industrial sites, law enforcement, Energy and Infrastructure, Border Patrol and Defence, with plans to jointly incorporate an SPV under the Companies Act, 2013, for development and commercialisation of multi-purpose drones.
The partnership establishes intent to create a jointly promoted SPV focused on end-to-end capabilities, including design, development, deployment and commercial scaling of multi-purpose drones tailored for surveillance and sector-specific use cases.
The companies clarified that there is no existing shareholding or related party relationship, and the MoU is non-binding, with further details to evolve as the SPV structure is finalised.
Planned applications span border security surveillance, industrial monitoring, law enforcement support, Agriculture operations and environmental protection, emphasising autonomous and all-weather operations powered by AI.
The collaboration aims to convert pilots into scaled multi-year programmes, enhancing protection of critical infrastructure and national security while improving agri productivity outcomes.
Read More: Upper Circuit Alert: Colab Platforms Share Price Hits Upper Circuit for 62 Consecutive Sessions – Here’s Why!
India’s drone sector is estimated to reach ₹1,95,000 crore by 2030, supported by PLI incentives of ₹120 crore and schemes such as Kisan Drone subsidies to accelerate adoption across industries.
Global commercial drones are projected to reach $55–90 billion by 2030 with a CAGR in the 7.7%–14.3% range, indicating strong medium-term growth tailwinds.
Colab highlighted the convergence of AI, robotics and national priorities as the strategic rationale, positioning the venture in a high CAGR, government-supported domain aligned to security and agriculture efficiency.
Colab Platforms operates diversified technology and digital ventures across esports, sports infrastructure, events, influencer collaborations and content delivery, now extending into aerospace and drone technology.
On September 23, 2025, Colab Platforms share price opened at ₹113.37 on BSE, above the previous close of ₹111.15. The stock is trading at ₹113.37 as of 10:27 AM, hitting the upper circuit of 2%.
Over the past week, it has moved up by 10.38%, over the past month, it has moved up by 51.36%, and over the past 3 months, it has moved up by 263.48%.
The MoU between Colab Platforms and RRP Drones outlines a structured pathway via an SPV to develop and commercialise AI-enabled autonomous surveillance drones for critical sectors, backed by favourable policy and a sizable Indian market opportunity through 2030.
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Published on: Sep 23, 2025, 12:41 PM IST
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