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Business/Financial

India’s JSW Group To Invest $90 Million In Shield AI, Manufacture V-BATs

By Cal Biesecker

Tuesday, November 12th, 2024

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India’s JSW Group To Invest $90 Million In Shield AI, Manufacture V-BATs

V-BAT photo by Shield AI.

Indian conglomerate JSW Group will invest $90 million in U.S. startup Shield AI over the next two years to license and manufacture the small company’s V-BAT unmanned aircraft system (UAS) in-country, the companies said on Tuesday. In the first year, JSW will invest $65 million to establish a global compliance program, a manufacturing facility, and training, enabling the Mumbai-based multinational company to establish a local supply chain. Large scale production of V-BAT in India will allow the companies to meet…

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