Hi-Tech Sheffield Firm, The Floow, Joins Prime Minister on India Trade Trip

The Floow - November 07th, 2016

The Floow CEO, Aldo Monteforte, and PM Theresa May talking to each other on trade trip in India with other delegates looking on

A Sheffield tech firm is taking a privileged place alongside the Prime Minister as she makes her first trade trip.

The Floow, which serves insurers around the world, is joining the three-day mission to India, which has been set up to showcase the best of British small and medium sized companies, and will include an Anglo-Indian technology event jointly hosted by Theresa May and Indian PM Narendra Modi.

The company’s CEO and founder Aldo Monteforte, who yesterday boarded the new Prime Ministerial plane alongside Theresa May, represents one of 39 firms taking part in the trip.

Following recent expansion into the Chinese market, this trade mission will allow The Floow to pitch for new business in Asia’s second largest economy.

Prime Minister Theresa May said: “Sheffield’s growing tech sector is an exciting prospect for the future of the city.

“With more than 25,000 people already employed in the city’s digital industries and two top-class universities producing the talent of tomorrow, the prospects for future growth are there for all to see.

“The Floow is a great example of the sort of firm that will help drive Sheffield’s future economic growth – and that’s why I am so pleased they are joining me in India.”

The company is spearheading innovative work to tackle air pollution and opportunities for integrated traffic management.

By using sophisticated analytics, it helps support fairer pricing in the insurance sector, and improved digital services.

Aldo Monteforte, founder and CEO at The Floow, said: “I feel particularly proud and privileged to have been chosen to accompany the Prime Minister on her first trade mission on behalf of The Floow.

“Over the last four years The Floow has become a key technology partner to some of the world’s leading insurers, delivering actionable insights into individual mobility from an economic, safety and environmental perspective.

“Also because of these developments, the UK is now seen as a leading force in telematics data management globally, and this trip provides the opportunity to showcase the benefits of our technology to the Indian market.

“I am looking forward to meeting both public and private sector representatives and to demonstrating how The Floow can support fairer insurance pricing, greater road safety, and traffic and pollution monitoring in India.”

The visit will include a trip to South Asia’s largest tech fair and is designed to help boost hi-tech trade between India and the UK.

The Prime Minister will use the trip to deliver on the ambitious vision for Britain after Brexit that she set out in a speech last month. She spoke about forging a new global role for the UK as a country with the self-confidence and the freedom to look beyond the continent of Europe.

She will also use the visit to deliver on her pledge to create an economy that truly works for all, by introducing new and emerging enterprises, as well as more established players, to the key Indian market.

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