Aerpace Industries Limited, formerly known as ICVL Steels Limited and Supremex Shine Steels Limited, has transitioned from its original steel trading and consultancy business to a focus on renewable energy and infrastructure. As of 2023, Aerpace introduced a novel transportation ecosystem aimed at revolutionizing intercity and interstate travel in India. This system integrates road and air transport, promoting a more economical and comfortable travel experience while reducing motor vehicle traffic and congestion.
In 2024, Aerpace launched aerWing, an adaptable aerial vehicle supporting various applications, including aerTaxi and aerCargo. The company is also involved in renewable energy, with a 400 MW solar panel manufacturing facility. By fostering a sustainable transit system, Aerpace aims to diminish India's reliance on foreign oil imports, thus benefiting the national economy. Its R&D center in Pune further demonstrates its commitment to innovation in infrastructure and transportation solutions.
