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First Indian startups picked for Indo-US defence programme, investor says
Indian investor Indusbridge Ventures and U.S.-based FedTech, which established the programme in September 2024, selected seven Indian companies and talks are underway about specific projects.
FILE PHOTO: The Pentagon is seen from the air in Washington, U.S., March 3, 2022. / REUTERS/Joshua Roberts/File Photo
Seven Indian privately-held startups have been chosen for a first-of-its-kind India-U.S. space and defence collaboration programme, potentially unlocking a lucrative and strategic market for Indian firms, an investor who co-launched the project told Reuters on Jan. 17.
The companies include space imaging company KaleidEO, rocket makers EtherealX and AI-driven company Shyam VNL. They will participate in a programme for defence and dual-use technology and explore opportunities to work with the U.S. Defense Innovation Unit, the Department of Defense and other government agencies on satellite observation and emerging space and defence technologies.
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