The early-stage investment arm of European aircraft manufacturer Airbus, Airbus Ventures has informed that it is the process of setting up an independent investment arm in India. With this investment arm, the firm will infuse money in the aerospace and non-aerospace startups such as autonomous vehicles, electric energy, IoT and cyber security etc. The size of the India fund is yet to be disclosed.
Airbus Ventures, which invests in seed and first round in the global aerospace ecosystem, have a corpus of $150 million that the VC firm has put money in 13 startups across North America, Europe, Israel, and Japan.
Commenting on the development, Francois Auque, chairman of the fund's general partner entity told TOI, “The financing vehicle should be ready by next year.”
Vc Arm will be making its investment in the Indian startups by associating with Airbus Bizlab, the aerospace business accelerator that has a presence in Bengaluru, apart from in Toulouse in France and Hamburg in Germany.
According to the firm, it always co-invests with other companies, with funding ranging from 750,000 euros for a seed round to about 3 million euros for Series A for about 10% stake.
Further company highlights that the funding can go up to 5 million euros for a single company; any higher investment requires the nod of the parent body.
Headquartered in Silicon Valley and Paris, Airbus Ventures is yet to invest in any company that has graduated out of its Bizlabs.
Bizlab Bengaluru recently saw the culmination of its second accelerator programme of five companies. In March 2016, four Indian startups had defeated 76 other startups to win the race to be selected in Airbus BizLab’s six-month business accelerator program. The selected four are Open Turf, Blue Morfo, Shoonya Games and Qualitas.
Airbus Ventures, which invests in seed and first round in the global aerospace ecosystem, have a corpus of $150 million that the VC firm has put money in 13 startups across North America, Europe, Israel, and Japan.
Commenting on the development, Francois Auque, chairman of the fund's general partner entity told TOI, “The financing vehicle should be ready by next year.”
Vc Arm will be making its investment in the Indian startups by associating with Airbus Bizlab, the aerospace business accelerator that has a presence in Bengaluru, apart from in Toulouse in France and Hamburg in Germany.
According to the firm, it always co-invests with other companies, with funding ranging from 750,000 euros for a seed round to about 3 million euros for Series A for about 10% stake.
Further company highlights that the funding can go up to 5 million euros for a single company; any higher investment requires the nod of the parent body.
Headquartered in Silicon Valley and Paris, Airbus Ventures is yet to invest in any company that has graduated out of its Bizlabs.
Bizlab Bengaluru recently saw the culmination of its second accelerator programme of five companies. In March 2016, four Indian startups had defeated 76 other startups to win the race to be selected in Airbus BizLab’s six-month business accelerator program. The selected four are Open Turf, Blue Morfo, Shoonya Games and Qualitas.
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