Terra Drone to acquire a majority stake in Aloft Technologies.

Terra Drone, a drone and software manufacturer, agreed to acquire a majority stake in Aloft Technologies, a company focusing on developing UTM, and a provider of drone fleet and airspace management in the United States. Financial terms were not disclosed. "We see a future where drones and AAMs become a part of our daily lives. The implementation and seamless operation of a UTM system are essential to make this dream a reality. We have been focusing on UTM technology since the dawn of drones, with our earliest investment in Unifly dating back to 2016. Now, as drones and AAMs move into a new phase of development, UTM has become a priority for aviation authorities around the world. By investing in Aloft and becoming its largest shareholder, we intend to further evolve UTM on a global level. We also plan to expand aggressively in the US, considered to be the largest market for drones and AAMs," Toru Tokushige, Terra Drone, Founder and CEO.