Foresight Signs Agreement With Excava Attachers Pvt. For Revenue Potential Of Up To $19.5M Between 2025- 2029; Excava Will Also Introduce Foresight To Leading Indian And Global Automotive Original Equipment Manufacturers

Foresight and Excava, a leading Indian Tier-One Supplier, intend to establish a locally incorporated partnership or joint venture to invest in manufacturing and sales activities in India. Foresight will be responsible for the technology and know-how transfer while Excava will handle manufacturing and sales activities in the Indian market. 

Ness Ziona, Israel, March 13, 2025 (GLOBE NEWSWIRE) -- Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) ("Foresight" or the "Company"), an innovator in 3D perception systems, announced today the signing of a commercial cooperation agreement (the "Agreement") with Excava Attachers Pvt. Ltd. ("Excava"), a leading Indian Tier-One automotive supplier. Under the Agreement, both parties will cooperate to promote Foresight's advanced 3D perception systems across a wide range of sectors, including automotive, off-highway, unmanned aerial vehicles (UAVs), defense, railways and logistics, including autonomous and heavy machinery in India.

Pursuant to the Agreement, the parties will jointly promote Foresight's 3D perception systems in India, which are expected to generate potential revenues of up to $19.5 million from 2025 to 2029. Excava will also introduce Foresight to leading Indian and global automotive original equipment manufacturers (OEMs).