Paras Defence and Space Technologies Ltd, a leading Indian defence engineering company, on Tuesday announced a strategic joint venture with HevenDrones Israel, to indigenously design, manufacture and supply next-generation unmanned systems for India’s defence and homeland security landscape.
The partnership will serve as the exclusive vehicle for bringing this revolutionary hydrogen-powered drone technology to India for the first time, said Paras in a statement.
The JV combines Paras Defence’s engineering and manufacturing ecosystem with HevenDrones’ proprietary platforms to offer ready-to-fly, proven hydrogen-powered drones with enhanced flight endurance and modular payload capabilities.
Paras Defence stated that the JV will prioritise deployment in domains such as logistics support for remote and border regions, tactical surveillance, defence supply chains, and high-altitude missions.
Both companies are contributing significant capabilities. While HevenDrones will be transferring intellectual property, production manuals, and working prototypes, Paras Defence will oversee manufacturing, sales, local compliance, and operational delivery, the company stated.
Transfer will include training programmes, and governance will be overseen by a board comprising a director from each company, who will together appoint a CEO, CFO, and COO.
HevenDrones is an independent subsidiary of Heven — a US-based global company that is recognised for its autonomous, hydrogen-powered and mission-specific drones, informed Paras.