Alpine 4 Technologies into binding LOI with Vayu prnmedia.prnewswire.com

Alpine 4 Technologies, a publicly-traded enterprise with business-related endeavors in, Software, Automotive Technologies, Electronics Manufacturing, and Energy Services & Fabrication Technologies, has entered into a binding LOI with Vayu (U.S.).

This is Alpine 4’s second recent acquisition in Unmanned Aerial Vehicles and will be an addition to the platform capabilities of Impossible Aerospace. The transaction will be completed in a reverse triangular merger with a newly formed subsidiary of Alpine 4.

Vayu builds high-performance vertical take-off and landing (VTOL) hybrid propulsion-based, autonomous aircraft. The company’s shareholders include Tesla Motors founder Martin Eberhard and Marc Tarpenning and Cosmonaut Esther Dyson.