Vikram Singh found TechEagle which deals with Drones/UAVs solutions. The startup is into developing customized DRONEs of every size and type for other business in the industry.
TechEagle is identified by department of industrial policy & promotions (DIPP). TechEagle is chipping away at arrangements which can change the lives of numerous and the way we live.
When asked Vikram about how he came up with such a unique idea, he said, “I studied chemical engineering at IIT Kanpur but from the very first semester, I was interested in aviation(DRONEs, UAVs, & RC Aircrafts etc). I developed various UAVs and won several National and international competitions during IITK tenure. When I was in the final year after studying the market growth and needs, I found major gaps in two major areas. All Indian research institutes and companies are importing DRONEs from outside India and using for their products and services. So I started working on composites (Carbon Fiber, glass fibre based UAV manufacturing and design) to provide customised DRONE manufacturing solution in India.
When asked about the challenges he faced while developing this company, he said, “We are facing funding challenges to set up the manufacturing facility. Skilled Manpower in every field is a big issue to handle. Lots of companies are there in the market who are earning good business but not providing the skills. So Market has been spoiled and whenever we go to universities and individuals they say that “we get so many proposals for this programs and won’t do this time as we got cheated earlier.” Within the Company, challenges are to cope up with timelines set by ourselves.”
Further revealing about the ideal customers and what kind of different product the company is providing them, Vikram said, “Our ideal customers for customised DRONE manufacturing are DRONE product & Services companies, research institutes, defence, Govt. Departments, and Individuals with the similar need. Currently, our customers are importing UAVs airframes from outside India or making inefficient ones. So We provide need-based design consultancy and then manufacturing facility with advanced materials and process (composite additive manufacturing).”
Vikram has vision and he reveals how he sees the company evolving in future. He said, “We have seen the industry evolving in past few years gradually and now it is about to take its pace to exponential soon after rolling out the Rules and regulations in India. According to Goldman Sachs, Drone industry is worth $125 billion till 2020. In few years every industry will see the significant use of DRONEs. We are about to see the big changes in the technological world because of DRONEs, IOT and AI.”
When Vikram was quizzed about his Drone Chai experiment and about its results, he said, “After seeing the big success in e-commerce and home delivery area. Now the thing which is needed most is the fast delivery of items. Currently, in India Chai is the new fashion or craze. There are plenty of startups making fortune in CHAI selling startups which define the need of consumers. We were discussing the future of food delivery with Online Kaka (food delivery startup) in the city like Lucknow, where traffic jams are the big hurdle in delivering food to clients on time. So We planned to start with CHAI delivery. We decided the date for the World’s first DRONE CHAI delivery as 1st April 2018. We planned for 1 week and tested all sort of tech. We did this delivery in the morning as most of the Indians take Tea or coffee in the morning.”