Spinoff Robotics, a drone technology start-up from the Singapore University of Technology and Design (SUTD), has been acquired by Nanoveu Limited, an Australian-listed company valued at A$65m. This acquisition aims to merge Nanoveu’s AI chip capabilities with Spinoff Robotics’ advanced drone technology, creating a unified system that enhances performance, cost efficiency, and capability.
Founded in 2021 by SUTD’s Associate Professor Foong Shaohui and doctoral researchers, Spinoff Robotics has developed two flagship platforms: ALICE and METRON. ALICE is a tethered aerial platform designed for extended missions, whilst METRON offers precise 3D modelling for remote inspections. These platforms have been deployed in Singapore with organisations such as Gardens by the Bay and the Land Transport Authority.
Nanoveu’s CEO, Alfred Chong, who mentored Spinoff Robotics during the ARISE programme, expressed his enthusiasm for the acquisition, highlighting the start-up’s engineering aspirations and successful customer engagements. Dr Tan Chee How, co-founder of Spinoff Robotics, will lead Nanoveu’s new Drone Division, bringing his expertise in cost-effective drone design.
The acquisition aligns with global trends in defence and security, targeting markets such as national infrastructure monitoring and hazardous facility inspections. Nanoveu plans to expand its drone capabilities, including GPS-free navigation and AI-driven flight optimisation, whilst collaborating with SUTD and other research institutions. The global military drone market is projected to reach US$98.24b by 2033, underscoring the strategic importance of this acquisition.
