ideaForge funding, investors and company details

ideaForge is an emerging Defence startup from Mumbai, working in the space of ideaForge operates in the drone manufacturing and UAV technology industry, primarily within India's aerospace and defense sector.. Founded by Ankit Mehta, Rahul Singh, Ashish Bhat.

Company: Ideaforge Technology Limited
Sector: Defence
Location: Mumbai
Founders: Ankit Mehta, Rahul Singh, Ashish Bhat

Company overview

It operates as a Developer of unmanned aerial vehicles. ideaForge has raised $53.8M in funding from investors like Florintree , Celesta Capital and BlackSoil . ideaForge Technology Limited is India's leading drone manufacturer, founded in 2007 by IIT Bombay alumni Ankit Mehta (CEO), Rahul Singh (VP Engineering), and Ashish Bhat (VP R&D), specializing in unmanned aerial vehicles (UAVs) for defense, security, surveillance, and enterprise applications. The company's mission prioritizes "mission-first" UAVs for high performance, reliability, and autonomy, pushing limits in aerial technology for defense dominance and industrial needs. It focuses on vertically integrated R&D, manufacturing, and services, including AI-enhanced software like BlueFire for control and live streaming.

Funding rounds

Latest round: ₹500.00 Cr. ($ 52.22 Mn), 2026-07-15
Past round (Series B): $ 20.00 Mn (₹153.04 Cr.), 2022-04-28. Investors: Florintree Advisors