Terra Drone Invests in Aloft Technologies

March 19, 2024

Japan-based Terra Drone has invested in Aloft Technologies, becoming Aloft's largest shareholder and making the company an affiliate. The deal gives Terra Drone a foothold in the U.S. market and aims to accelerate global UTM (Unmanned Traffic Management) development by combining Aloft's FAA-approved LAANC and fleet-management platform with Terra Drone's AAM capabilities.

Buyers
Terra Drone Corporation
Targets
Aloft Technologies, Inc.
Location
District of Columbia, United States
Transaction Type
Growth capital

Explore More

Related Acquisitions

Track M&A activity that matters to you

Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.