Magellanic Cloud Ltd announces $11 Mn UAV Joint Venture to advance India's Make in India Defence Vision

Magellanic Cloud Ltd. today has announced the formation of a strategic joint venture with Rayonix Tech, India-based defence technology company, to manufacture Unmanned Aerial Vehicles (UAVs) in India, in partnership with XTEND, an Israel-based AI-powered robotics, UAV and software systems company, marking a significant step in the company's expansion within the fast-growing defence and security technology sector.

The joint venture, valued at approximately $11 million (~ 100 crores), will establish localised manufacturing, testing and distribution capabilities for UAV systems in India, to cater to the growing demand for advanced UAV systems from India's defence ecosystem. By leveraging XTEND's proven autonomous operating systems and combining them with domestic manufacturing capabilities, the joint venture seeks to deliver mission-critical drone solutions built for Indian operational requirements.

XTEND's XOS operating system will serve as the software backbone of UAV systems manufactured by Magellanic Cloud, enabling human-guided autonomy, AI-driven navigation, mission planning, and real-time operational control across multi-domain robotic systems. As XTEND's exclusive manufacturing and distribution partner in India for selected platforms, Magellanic Cloud will support sovereign deployment under a unified software architecture. XTEND's advanced tactical drone portfolio includes SCORPIO 500 for precision strikes, SCORPIO 1000 for extended missions, XTENDER for micro-ISR operations, HONEY BADGER for rugged mission-critical environments, and WOLVERINE for AI-assisted tactical and combat missions.

Speaking on the development, Mr. Joseph Sudheer Thumma, Global CEO & MD, Magellanic Cloud Ltd. said, "This joint venture marks a defining moment in Magellanic Cloud's mission to revolutionise the defence ecosystem. By integrating XTEND's globally battle-proven platforms - including their proprietary software XOS and products like Wolverine and Scorpio into our manufacturing capabilities, we are delivering more than just a drone; we are providing a sophisticated digital nervous system for modern warfare. Through the XOS autonomy platform, we will be delivering a unified command interface that enables seamless multi-platform force coordination and AI-assisted mission execution. This shift toward software-defined autonomy ensures Armed Forces have the precision and agility required for the next generation of defence. This collaboration is a cornerstone of XTEND's global operational footprint expansion and cements Magellanic Cloud's position as a technology-led powerhouse driving indigenous defence innovation. Drawing from decades of industry evolution, I can state with certainty: this marks a definitive paradigm shift for the Indian drone market."

This strategic partnership further strengthens Magellanic Cloud's growing presence in drone technologies, AI-led surveillance, and intelligent infrastructure solutions, reinforcing its position as a technology-driven enterprise focused on emerging and high-growth sectors and investing in future-ready technologies with strong national relevance.

Source : Equity Bulls

Keywords

MagellanicCloud JointVenture RayonixTech UAVs