RattanIndia to invest in US based drone logistics platform Matternet

RattanIndia Enterprises Ltd. (“REL”) an electric power distribution company announces a strategic investment in US based Matternet, the world’s most extensive urban drone logistics platform.
With this investment, REL has forayed into the deep-tech Unmanned Aerial Vehicle (UAV) industry, which is set to transform logistics ecosystems worldwide. Matternet, based out of Silicon Valley counts Boeing, Mercedes-Benz, McKesson Ventures and Sony as investors.
Anjali Rattan, Business Chairperson, RattanIndia Enterprises, said, “We are highly impressed with the team and credentials of Matternet. The partnership with Matternet is in line with our philosophy of investing in new age cleantech companies with tremendous growth potential. We share Government’s vision of Drone as a futuretech, which opens new vistas of business opportunities”.