Shares of this micro-cap stock focused on transportation technology for aerial vehicles surged to a 5 percent upper circuit, reaching Rs.48.26 per share, after the company acquired its 1,80,000 sq. ft. R&D Center in Pune.
Price Movement
In Monday’s trading session, Aerpace Industries Ltd’s share price reached an intraday high of Rs.48.26 per share, hit 5 percent upper price band from its closing price of Rs.45.97 apiece. Over the past five years, the stock has delivered returns exceeding 5,300 percent.
What happened
On 12th October , Aerpace Industries officially took possession of its 1,80,000 sq. ft. R&D Center in Chakan, Pune, where development of the facility and smart solar panel manufacturing has begun.
This center will be crucial in realising Aerpace’s vision of transforming future transportation, focusing on advanced technologies like the aerWing eVTOL aircraft to redefine urban air mobility.
It will serve as the core of innovation, collaborating with partners such as Arudra Consulting for aerCar development, Wenzel DesignTec for high-precision prototyping, and Cavok Engineering for aerWing technology.
Additionally, the center will integrate the aerVolt 400 MW solar panel production line, powering the facility and contributing to sustainable energy initiatives.
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This state-of-the-art center reflects Aerpace’s dedication to creating an eco-friendly transportation ecosystem, supporting its mission to redefine the future of mobility, both on the ground and in the air.
Product Portfolio
Aerpace Industries offers a range of innovative products aimed at transforming transportation. Their flagship product, Superwing, is an advanced electric vertical takeoff and landing (eVTOL) vehicle designed for diverse applications, including personal transport and medical emergencies.
Complementing this is the Supercar, a lightweight electric vehicle featuring swappable batteries and autonomous driving capabilities.
Additionally, Aerpace has developed Aerdock, an automated docking station that facilitates efficient passenger flow and vehicle management, and the aerVerse, a digital ecosystem that supports their transportation solutions while promoting sustainability through the use of solar energy and green hydrogen.
Financial Overview
In its latest financial update, the company reported net sales of Rs.0.4 crore for Q1 FY25, reflecting a 33 percent increase from Rs.0.3 crore in Q1 FY24. Meanwhile, the net losses of the company increased to Rs.0.45 crore from Rs.0.42 crore in the same period.
About the company
Aerpace Industries Limited, formerly known as Supremex Shine Steels Limited, focuses on the renewable energy and infrastructure sectors. The company is recognized for its innovative projects, including the SuperWing, a cutting-edge flying vehicle designed for diverse applications such as private transport, medical emergencies, and cargo logistics.
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Written by – Siddesh S Raskar
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