India’s tech news from October 2023 spanned a range of technology developments, including: India’s space technology and satellite launch market growth; the country’s moves into semiconductor manufacturing, both home-grown and by acquisition; the entry of Taiwan’s Acer e-scooters and battery-swap tech into India; and more.
So, for an understanding of Indian startups and technology news from October 2023, hit the headlines below; each links to the Indian tech news article behind it, in full.
And, for other editions, take a look at Asia’s tech news, daily, delivered via LinkedIn, Facebook and Twitter/X, and our Indo-Pacific tech newsletters for a weekly email on Asia’s tech scene.
India e-Conomy 2023 Report / Google, Bain & Co, Temasek
- India: Panasonic units partner 100XVC seed-stage investor to launch Panasonic Ignition accelerator, focusing on energy management solutions for commercial and residential applications
- India: Uber and NASSCOM tech industry group partner for Uber Sustainovate, seeking sustainable mobility solutions
- India: Taiwan’s Acer hardware and electronics brand launched its first e-scooter for the Indian market, featuring swappable batteries and 80km range
- India: Agnikul space-tech startup secured $26.7M Series-B with 3D-printed rocket engine, hybrid fuel and launch vehicle focused on small satellite payloads
- India: GigaML raises $3.6M with enterprize solution allowing firms to run LLMs locally, thereby mitigating data security and compliance challenges
October 2023: Semiconductors, critical minerals, space tech & satellites
- Indonesia’s eFishery aquaculture firm to expand to India in Q1 2024, alongside launching blockchain-based cooperative for fish farmers to connect elements acros fish and shrimp farming supply chain
- India’s Reliance Industries business giant explores acquisition of Israel’s Tower Semiconductors in foray into chipmaking, stepping in as Intel backs away from bid
“The news comes shortly after Intel abandoned its plans to buy the Israeli company. An acquisition by Reliance, if it goes through, will provide an opportunity for the group to venture into the semiconductor segment and may accelerate India’s ambitions to set up a fab unit in the country.”
“Reliance comes with very deep pockets, which could revitalize India’s floundering ambitions to set up its own fab plant. What further helps Reliance is that the group is known to be close to the current government, making it easier for them to work together closely. In addition, having a chipmaking unit will help Reliance protect its telecom and devices segment from chip shortages.”
- Sequoia India’s Surge accelerator unveils latest cohort, with Australia’s AI-based workforce automation firm, Relevance AI, and employee engagement platform, Mercu, selected
- India: Tata Group to enter assembly of Apple iPhones following approval for acquisition of Wistron Corp India manufacturing unit
BryceTech: Small Satellites in 2023
- India: An intro to FirebirdVR, setting up virtual reality ‘libraries’ in colleges around Pune to boost higher education access for students
- Taiwan’s MIH Consortium, a Foxconn-initiated open EV alliance, has licensed design and tech to M Mobility, a startup backed by India’s Tech Mahindra IT giant
“There are now 190 Indian space start-ups,
twice as many as a year earlier, with
private investments jumping by 77 per cent
between 2021 and 2022,
according to Deloitte…”
Turquoise Roof Bulletin: Impacts of lithium mining on Tibet and Tibetans
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2023 Report: Critical Minerals for India
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