ideaForge Secures ₹151 Cr Loan for Autonomous Aerial Vehicle

ideaForge Technology Limited has entered into a loan agreement with the Technology Development Board (TDB) for an amount of ₹151 Crores. This funding will be disbursed in tranches and is designated for the development of the 'YETI' - a heavy-lift, long-range autonomous aerial logistics vehicle. The company received a formal Term Sheet from TDB on October 7, 2026, which it has accepted. The loan agreement was executed on October 9, 2026. The funding is crucial for advancing ideaForge's capabilities in advanced drone technology. Security for the loan will involve a first-ranking charge over identified project assets, plant, machinery, and equipment acquired using the loan facility.