Hyderabad-based Jeh Aerospace, a software-defined aerospace manufacturing startup, has secured $11 million (Rs 97 crore approx.) in a Series A funding round. The investment was led by Elevation Capital, with participation from existing investor General Catalyst. This latest funding brings the total raised by the startup to approximately $15 million.
The funds will be used to construct mega-factories and enhance the company's software-driven manufacturing systems. Jeh Aerospace plans to leverage India's manufacturing potential and integrate advanced technologies to build a resilient and efficient supply chain. The company aims to address the increasing demand for high-quality aerospace components by tapping into India's skilled workforce and advanced digital technologies.
Founded in 2022 by Vishal R. Sanghavi and Venkatesh Mudragalla, both former Tata Advanced Systems Ltd executives, Jeh Aerospace manufactures complex aero-engine components and tooling, primarily for export to the US market. The company has grown to over 100 employees and has delivered more than 100,000 flight-critical components. In just 18 months after its seed round, Jeh Aerospace has secured $100 million in long-term contracts with global aerospace players.
Jeh Aerospace's success is rooted in the expertise and vision of its founders. Vishal Sanghavi's experience in the Indian Aerospace and Defense (A&D) sector has provided him with insights into global supply chain dynamics and the opportunities within India. Previously, Jeh Aerospace secured $2.75 million in seed funding through a strategic partnership with General Catalyst and participation from aerospace industry veterans.
The company's software-defined manufacturing model addresses the industry's need for precision and agility in production. By strengthening critical supply chains through responsible innovation, Jeh Aerospace offers a global resilience opportunity. The company's AI-driven production and digital manufacturing model marks a shift from India's historically limited participation in global aerospace supply chains.
The aerospace industry faces challenges such as lengthy development cycles and complex supply chains. Jeh Aerospace's approach is relevant to current market pressures, as demonstrated by the $100 million in contracts secured within 18 months. This indicates that aerospace customers are seeking manufacturing partners that can deliver quality and speed.
The investment aligns with the Indian government's efforts to promote private participation in aerospace and spacetech since 2020. India's aerospace economy is projected to reach $44 billion by 2030. Jeh Aerospace's innovative approach has been recognized, highlighting its role in advancing India's aerospace capabilities.