Two aerospace and defence giants have shown that they are bullish on Indian startups.
European aircraft maker Airbus signed contracts with two Indian startups—Newee and Eflight—to build solutions that can be used to meet the firm’s and industry’s needs, according to a press release.
Neewee, an internet-of-things driven data analytics firm, and Eflight, a firm that works on simplifying and automating the flight planning process, were already part of Airbus’ Bizlab technology startup acceleration programme. They were part of the five startups that were selected last year, according to Airbus’ release.
The two startups will provide their solutions to Airbus which will use them on their operations globally. Newee’s product called procuSense will enhance certainty to manufacturing supply chain and procurement operations, while Eflight will offer a suite of services allowing pilots to optimise plans for fuel, time, route and weather, the release added.
“These partnerships stand as an example of our commitment towards engaging with the entrepreneurial community and creating business opportunities for them, especially with Airbus,” said Bruno Gutierres, head of Airbus BizLab.