Indian drone maker IdeaForge Technology has teamed up with US-based First Breach to enter the US drone market. The joint venture, First Forge Technology Inc, will handle manufacturing, licensing, and distribution of UAVs, combining IdeaForge’s technology with First Breach’s market access.
The new venture, executed through IdeaForge’s wholly owned subsidiary, aims to leverage advanced Indian drone technology and First Breach’s infrastructure to supply unmanned aerial vehicles across the United States.
The partnership is still subject to regulatory approvals and completion of due diligence, ensuring all statutory requirements are met before operations begin.
This collaboration signals a strategic push by IdeaForge to strengthen its global footprint and capitalize on the rapidly expanding US UAV market, which continues to see growing demand for commercial and defense drone applications.
As of 24th September 2025, IdeaForge Technology Limited shares closed at ₹531.80, down ₹1.10 or 0.21% from the previous close of ₹532.90. The stock opened at ₹535.00, hit an intraday high of ₹551.00, and a low of ₹522.00, before settling near ₹531.85 with a volume-weighted average price (VWAP) of ₹537.25. Overall, the stock ended the session slightly lower despite intra-day volatility.
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The formation of First Forge Technology Inc marks a significant step for IdeaForge as it expands into the US drone market. While regulatory approvals and due diligence are still pending, the joint venture combines Indian technological expertise with US market access, positioning the company to tap into growing opportunities in both commercial and defense UAV sectors. Investors and industry watchers will likely monitor the venture’s progress and its potential impact on IdeaForge’s longterm growth.
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Published on: Sep 24, 2025, 4:37 PM IST
Neha Dubey
Neha Dubey is a Content Analyst with 3 years of experience in financial journalism, having written for a leading newswire agency and multiple newspapers. At Angel One, she creates daily content on finance and the economy. Neha holds a degree in Economics and a Master’s in Journalism.
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