Indian startup Jeh Aerospace, founded by Vishal Sanghavi and Venkatesh Mudragalla, secured $11 million in Series A funding to scale the production of metallic components for aero engines and aerostructures. The company aims to ease global supply chain bottlenecks and establish India as a key destination for aerospace component manufacturing.
Jeh Aerospace's approach involves:
- Using a software-based, precision manufacturing facility in Hyderabad.
- Combining precision machinery, robotics, and IoT to reduce product introduction lead times.
- Focusing on Tier 1 and Tier 2 manufacturers in the supply chain.
- Building deep relationships with fewer, high-value customers.
The company has experienced significant growth, delivering over 100,000 flight-critical components and tools, reaching $6 million in annualized recurring revenue (ARR), and achieving profitability after taxes. Jeh Aerospace plans to use the new capital to invest in next-generation digital production technologies.
The founders aim to strengthen India's position in the global aerospace market, taking advantage of increased sourcing from companies like Airbus and Boeing. The company's advisory team includes former executives from Boeing India and Airbus India.