Invest Odisha: UK Company announces to invest 300 Crores

Invest Odisha

Invest Odisha/Bhubaneswar: SRAM and MRAM Technologies & Resources Limited, UK is announcing to invest 300 Crores INR (37 Million USD approximately) into Bumble Bee Flights Pvt. Ltd. committing to the ‘Make in India’ initiative supporting the ‘Make In Odisha’ Conclave of 2022 by getting Odisha into the global drone map.

Bumble Bee Flights Pvt. Ltd. is a Bangalore based start-up that specializes in developing AI powered, complex and highly integrated Air Mobility Systems. Their first machine is an autonomous human carrying single seated drone designed for Urban Air Mobility supporting use cases like Air Ambulance, Recreational movements and Heavy duty Logistical movement. These will be designed to meet the strict norms of Civil Aviation Authorities of different countries globally.

SRAM and MRAM Technologies & Resources Limited is a leading international organisation with 8 global alliances, 10 companies spread across 35+ locations. SRAM and MRAM Technologies & Resources Limited Headquartered in London, diverse workforce of 600+ employees hail from 15 different nationalities.

Bee1 is the first drone which is planned to be certified in multiple countries and is designed to operate in the Global market. The company plans to build many such diverse and complex Air Mobility Systems in the years to come.

“We are committed to the Make in India movement and today we are announcing our investment of 300 Crores to Bee Flights to build the future starting from right here in Make In Odisha Conclave 2022. We share a common vision of the importance of a sustainable future using Electric Air Mobility Systems. We are proud to be a part of this common future vision” said Dr. Gurujee Kumaran Swami, Vice Chairman, SRAM and MRAM Technologies & Resources Limited.

Bumble Bee Flights Pvt. Ltd. is targeting an Air Taxi market, to start with, which is claimed to expand to a Trillion Dollar Market.

“It’s with immense pleasure that we announce our collaboration with the Prestigious SRAM and MRAM Technologies & Resources Limited from UK. We are committed to support the Make in India initiative building for the Globe. We are happy to commit to the Make in Odisha juggernaut which has given us this platform to commence placing Odisha, India in the global drone map.

Sustainable, no emission vertical movement is the future and we are ready to give wings to this vision. We thank Mr. Gaurav Ralhan, CEO of Health on Top, for being our strategic partner instrumental in making this investment a reality”, said Arjun Das, CEO, Bumble Bee Flights Pvt. Ltd. India.