C.E. Info Systems Limited — Capital/Financing Update 2023

Feb 13, 2023

==> picture [250 x 121] intentionally omitted <==

Saurabh Digitally signed by Saurabh Surendra Surendra Somani Date: 2023.02.13 Somani 16:00:51 +05'30'

FOR IMMEDIATE RELEASE

==> picture [113 x 31] intentionally omitted <==

==> picture [110 x 21] intentionally omitted <==

==> picture [116 x 52] intentionally omitted <==

MapmyIndia announces strategic investment in Indrones, a leading Drone solutions

startup

• MapmyIndia and Indrones to jointly offer drones and drone-based solutions across all use cases including surveying, mapping, inspections & real-time monitoring

• Targeting all verticals such as infrastructure, utilities, land records, agriculture, 3D and high-definition maps, tourism, metaverse, urban planning, disaster, law & order, defence etc.

==> picture [452 x 226] intentionally omitted <==

Left: Mr. Rakesh Verma, CMD, MapmyIndia Centre: Mr. Pravin Prajapati, CEO, Indrones Right: Mr. Harshad Bhanushali, COO, Indrones

Navi Mumbai & New Delhi, February 13, 2023: MapmyIndia (C.E. Info Systems Ltd.) (NSE: MAPMYINDIA, BSE: 543425), India’s pioneering and leading deep-tech digital mapping, geospatial software & IoT company, today announced that it has made a strategic investment in Indrones Solutions Private Limited (Indrones), a leading end-to-end drone solutions startup. Indrones has been a leading drone company and drone service provider in the country and with the new funding, the company will scale up operations, expand its thousands of hours of flying experience, be able to deliver more and larger projects for customers, and build next-gen autonomous and reliable drones that push the boundaries of what is possible with drone technologies. MapmyIndia, India’s pioneer and leading deep-tech digital maps-based products, platforms, and solutions company since 1995, which services 2000+ leading enterprise customers across all industry verticals in the private and public sector, will now be able to offer customers industry-leading drones and drone-based solutions. MapmyIndia’s consumer-facing Mappls app will offer more high-definition and 3D maps, based on drone-collected data, offering unparalleled immersive and metaverse experiences to users of the Mappls app.

Indrones specialises in manufacturing drones for a variety of use cases and providing drone-based end-to-end solutions for verticals like smart cities, government, construction, oil & gas, agriculture, etc., and has developed technologies that allow for highly efficient and cost-effective data collection, data processing and analytics. Indrones has already been working with a reputed list of clientele across India in the ‘Drone as a Service ’(DaaS) model. The strategic investment from MapmyIndia will be used to improve its products and offerings further and help the company develop digital solutions in the drone sector at par with global standards.

==> picture [113 x 31] intentionally omitted <==

==> picture [110 x 21] intentionally omitted <==

==> picture [116 x 52] intentionally omitted <==

"We are thrilled to have MapmyIndia onboard who shares our vision of contributing to the growth of India's digital economy," said Mr. Pravin Prajapati, Founder & CEO of Indrones. "Drones today are solving some of the most complex problems across industries like mining, construction, oil & gas, infrastructure, agriculture, etc., and Indrones is here to be a part of the digital transformation journey of its customers while leveraging indigenous software maps, geospatial software and IoT technologies developed by MapmyIndia" he added.

Mr Rakesh Verma, CMD of MapmyIndia said “Drones are a sunrise industry, with incredible potential and market opportunity. Our strategic investment in Indrones is in-line with the vision of our Prime Minister’s vision of Aatmanirbhar Bharat and making India a drone hub by 2030. The Indrones team is highly experienced, and we are certain that together we would be able to be a leading player in the Indian and global drone industry. We are excited to work with Indrones strategically to further augment our solutions and offerings based on drones, through which we can deliver on more use cases and needs of both our large based of enterprise customers across industry verticals and to consumers through cutting-edge capabilities of drones”, he added.

About MapmyIndia (C.E. Info Systems Ltd) (www.mapmyindia.com, www.mappls.com, https://about.mappls.com) Headquartered in New Delhi with its presence across India, Korea, Japan and USA, MapmyIndia (C.E. Info Systems Ltd.) was founded in 1995. The company is India's leader in premium-quality digital map data, APIs, GPS navigation, telematics, location-based SaaS, and GIS Solutions. With 25 years of continuous efforts, MapmyIndia has pioneered the creation of digital maps in India – the most comprehensive, accurate, and continuously updated nationwide map dataset I.P. The company has grown its prowess with cutting-edge location technology, specifically in the areas of Navigation, Tracking, IoT, GIS, Geospatial Analytics, AI, Automotive Mobility and Digital Transformation to provide products, platforms, APIs, and solutions to enterprises, automotive OEMs, developers and consumers. MapmyIndia is focused on building a smarter and better future and packages its offerings to contribute to four broad themes – Smart Cars, Smart Businesses, Smart Governments, and Smart Consumers. MapmyIndia is a truly Indian company that is committed to generating employment for Indians. MapmyIndia endeavours to power the entire ecosystem with best-in-class maps and location and leapfrog India to the forefront of the digital world. MapmyIndia is listed on the Indian stock exchanges (NSE: MAPMYINDIA, BSE: 543425)

About Indrones Solutions Pvt. Ltd. (www.indrones.com):

Started in 2015, Indrones is one of the leading Drones as a Service (DaaS) providers & commercial grade drone manufacturers in India. The organisation specialises in providing complete packaged end-to-end solutions using drones, ranging from global industry-standard drone data acquisition to data processing and delivering detailed insights for actionable intelligence. As a pioneer for drone technologies in the Indian subcontinent, they are entrusted with reliable and affordable drone solutions for eminent enterprises.

---

For more information contact:

	MapmyIndia	Indrones
	Anil Nagwani anil@wfc.in +919811268046	Pravin Prajapati Founder & CEO, Indrones Solutions Pvt. Ltd. Contact: +91 81309 77119 Email: pravin@indrones.com Website:www.indrones.com