Archive — US — techcrunch
Jeh Aerospace nets $11M to scale the commercial aircraft supply chain in India
Indian startup Jeh Aerospace raised $11M in Series A funding to address commercial aircraft supply chain issues by scaling production of aerospace components in India, aiming to become a key player for Tier 1 and Tier 2 suppliers. Founders, former Tata executives, leverage tech for efficiency, targeting significant growth as global air traffic demand increases.
Key points
- Jeh Aerospace raised $11M in Series A funding led by Elevation Capital.
- Founders Sanghavi and Mudragalla aim to alleviate production bottlenecks in the aerospace industry.
- The startup's facility in Hyderabad utilizes precision manufacturing and IoT to reduce production lead times from 15 weeks to 15 days.
- Projected ARR increase of 3x to 4x due to demand from Tier 1 and Tier 2 suppliers.
- The startup reported profitability and $6M ARR in its previous financial year.
Why it matters
- The global aerospace supply chain has faced bottlenecks due to increased demand post-COVID-19.
- India's role as a growing hub for aerospace manufacturing mimics its recent success in IT and electronics.
- Major players like Airbus and Boeing are investing in India, indicating a shift in aerospace production lines to the country.
- Jeh Aerospace's success highlights India's potential to become a leading manufacturer in aerospace components by 2030.
Jeh Aerospace's strategic focus on enhancing aerospace supply chains in India, powered by substantial funding and technological advancements, positions it as a crucial contender in the growing global aerospace market.