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.
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