Magellanic Cloud UAV Facility Premises Ready for Joint Venture

Magellanic Cloud Limited announced that the premises for its advanced Unmanned Aerial Vehicle (UAV) manufacturing and testing facility, MCRAY XTEND INDIA PRIVATE LIMITED, are ready. This joint venture with Rayonix Tech and XTEND aims to produce tactical drone systems for Indian defence and security agencies. The facility will support phased deployment of manufacturing, assembly, integration, and testing, with commercial operations commencing progressively. Magellanic Cloud holds a 60% equity stake in the JV, which will leverage XTEND's XOS autonomy platform for AI-assisted drones like Wolverine, Scorpio, XTENDER, and Honey Badger. The project aligns with 'Make in India' and 'Aatmanirbhar Bharat' initiatives, offering integrated lifecycle support and potential global export opportunities.