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Magellanic Cloud and Rayonix Tech launch Rs 100 crore JV with Israel to build drones in India
Startups
Published on 28 April 2026
Drone sets could roll out in months with Israeli tech
Magellanic Cloud and Rayonix Tech have formed a Rs 100-crore joint venture to manufacture drones in India, partnering with Israel’s Xtend. The project is designed to address rising demand for advanced unmanned aerial vehicles, with drone sets expected within four to six months. Backed by Israeli collaboration, the initiative could strengthen India’s defence readiness.
- Rs 100-crore JV between Magellanic Cloud and Rayonix Tech
- Collaboration includes Israel’s Xtend technology
- Drone sets expected in four to six months
- Aims to meet growing demand for advanced UAVs
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times