Mynaric expands into Asia

The Munich-based start-up has entered into a sales partnership with an Indian company. With this, it wants to penetrate the Indian aerospace market.

Mynaric's sights are set on India. In a bid to set foot in the far-flung market, the aerospace tech start-up has entered into a memorandum of understanding with Indian tech start-up JR Aerospace. According to the statement, they plan to collaborate in sales, Mynaric will become the exclusive provider of laser communication technology to JR Aerospace and in return, the Indian company will explore possible business relationships and lobby organisations and the Indian government.

The Munich-based company is a spin-off of the German Aerospace Center and is dedicated to data transmission using lasers instead of radio. "India's domestic demand for consumer broadband through satellite constellations is huge," says Bulent Altan, CEO of Mynaric. "In addition, the country has an emerging aerospace sector to provide new technical capabilities to commercial and government players." The startup also hopes the collaboration will optimize its own international supply chain.


Like it? Please spread the word:

Newsletter

Startups, stories and stats from the German startup ecosystem straight to your inbox. Subscribe with 2 clicks. Noice.

LinkedIn Connect

Take care, give care

Did this news inform or entertain you? Then we would be happy if you tell your network about it.

Share on Linkedin Share on Facebook Share on Xing

Related companies

Startup 2009 Gilching Mynaric A manufacturer of laser communication technologies used to establish dynamic communication networks in the air and in space.

FYI: English edition available

Hello my friend, have you been stranded on the German edition of Startbase? At least your browser tells us, that you do not speak German - so maybe you would like to switch to the English edition instead?

Go to English edition

FYI: Deutsche Edition verfügbar

Hallo mein Freund, du befindest dich auf der Englischen Edition der Startbase und laut deinem Browser sprichst du eigentlich auch Deutsch. Magst du die Sprache wechseln?

Deutsche Edition öffnen

Similar posts