NewSpace Research and Technologies

Four named platforms spanning long-endurance hybrid, multi-purpose electric, loitering-munition and tethered configurations.

Long-endurance stratospheric platform developed under a Ministry of Defence deal.

Networked multi-UAV swarm capability supplied to the Indian Army.

Military end-user for UAS/swarm/HAPS programs.

Civilian disaster-response agency user.

Civilian security-agency user.

Civilian government user.

Rather than a simple buyer-seller transaction, the Ministry of Defence engages NewSpace as a development partner, providing seed funding for it to lead the first phase of the HAPS program.

NewSpace worked directly with the Army to develop the swarm-drone capability demonstrated at the Republic Day parade, an ongoing collaborative engineering relationship beyond a one-off sale.

Before the contract award, the Army evaluated NewSpace head-to-head against other vendors in field trials, reflecting a hands-on, trial-driven qualification relationship rather than a catalog purchase.

NewSpace's $15M Indian Army swarm-drone contract was routed through the Army's fast-track emergency procurement powers, invoked after the 2020 Ladakh standoff, rather than standard open tendering.

The Ministry of Defence directly contracts and seed-funds NewSpace to build specific platforms such as the High-Altitude Pseudo Satellite — a direct government R&D-contract route to market distinct from open retail sale.

NewSpace showcases jointly-developed unmanned systems at major defense expos such as Aero India, using public demonstrations to reach military and government buyers.

Core activity: design, build and field persistent drones for military and civilian users.

NewSpace's core human-capital resource is a compact 46-member team based in Bengaluru building its next-generation aerospace technology in-house.

In-house technology and IP spanning unmanned air systems, collective robotics, GPS-denied navigation, AR/VR and AI/ML form the core technical resource behind its drone and swarm products.

Founder-CEO Sameer Joshi is a former IAF officer, giving the company direct military-operator domain expertise that shapes its product design for defense end users.

NewSpace has already delivered more than 10 "NextGen" technology projects, evidencing an execution and delivery capability beyond early-stage R&D concepts.

Technology tie-up for unmanned systems including the Combat Air Teaming System (Warrior drone) and an air-launched cruise missile.

Development program partner for the solar-powered HAPS platform.

Direct contract revenue from the Indian Army for swarm drone systems.

NewSpace's Rs 115 crore debt raise is earmarked for general operating and working-capital requirements plus capital expenditure to support business expansion — indicating a capex- and working-capital-heavy cost structure typical of defense hardware manufacturing.

NewSpace reported a Rs 62 crore loss in FY2024 versus profitability the prior year, as revenue fell sharply to Rs 96.25 lakh from Rs 103 crore in FY23 — indicating cost commitments that outpaced revenue in the period.