Japanese trading and investing company Marubeni Corporation has announced it led an investment in aerospace B2B solutions provider, ePlane to drive innovation within the aerospace industry, the company said.
The investment led by Marubeni Corporation and including current investors totals USD 9m.
ePlane´s online platform enables users to trade aircraft parts, locate repair services, and improve supply chain bottlenecks and the cost structure of its users. The Aviation Maintenance, Repair and Overhaul (MRO) market is impressive. With an USD 80b global MRO market and an expected growth to US116b by 2029, the industry is ready for more efficient, modern, and effective methods to improve the way it transacts.
By bringing efficiency to the MRO industry, ePlane provides centralized sourcing, BI, and a marketplace for buying, selling, repairing, loaning, and exchanging aircraft parts. The platform digitizes the procurement process, syncing enterprise resource planning (ERP) systems and custom inventories, to ensure that inventories are most up to date in real time.
ePlane is an AI driven, B2B sourcing and business intelligence platform headquartered in Cyprus and provides an online sourcing and BI marketplace dedicated to transforming the aerospace industry by helping companies worldwide to source & trade aircraft parts on an innovative e-commerce platform.