Aerpace Industries Ltd Share Price

History of Aerpace Industries Ltd

Aerpace Industries Limited was erstwhile incorporated as 'ICVL Steels Limited' on March 4, 2011. The Company name was changed from 'ICVL Steels Limited' to 'Supremex Shine Steels Limited' on February 15, 2017 and then to Aerpace Industries Limited on April 20, 2023. Aerpace is a new ecosystem. Aerpace is a national flying system for inter-city and interstate travel, fully designed and crafted to provide an unparalleled travel experience. With the aim of improving transportation in India, Aerpace conducted a study on the existing intercity and interstate travel demand analysis model. The result was a combined model of road and air transport, which became the most convenient, economical, and comfortable mode of transport. The purpose of Aerpace is to increase access to and use of private ... and public transit, while at the same time reducing motor vehicle miles driven and traffic congestion. The Company is engaged into business of renewable energy and infrastructure. Earlier, it engaged in trading of steels and acting as advisor and consultant on all matters and complications relating steel industry. The Company started its new business in the field of Infrastructure activities in 2023. In 2024, the Company introduced aerWing, a versatile aerial vehicle designed for multiple use cases such as aerTaxi, aerDrive, aerCargo, and aerCare. It established a 400 MW solar panel manufacturing line to generate renewable energy. It established R&D center in Pune, covering approximately 1,80,000 square feet. The Aerpace project consists of four main components: aerWing, aerCar, aerDock and the aerVerse. The aerWing is a technologically advanced flying vehicle capable of carrying a payload of 500-1000 kgs. It comes in different forms, including aerDrive for private transportation, aerTaxi for public transportation, aerCare for medical emergencies, and aerCargo for domestic perishable logistics. The aerCar is a fully electric, light weight vehicle that is specifically designed for use with the aerWing. It is built with cutting-edge technologies like swappable batteries, autonomous driving and AI, and is fully integrated into the aerpace ecosystem for ease of use and comfort. The aerDock is a station for the aerWing and aerCar, much like what a station is for trains, or an airport is for airplanes. The aerVerse is the software, which is responsible for maintaining records, controlling the autonomous flights, monitoring the individual components, and ensuring smooth operation of the entire project. Additionally, the Aerpace transportation ecosystem built potential to benefit the Indian economy by reducing the country's dependence on foreign oils and reducing crude oil imports.