Latest news with #AS9100
Time of India
3 days ago
- Business
- Time of India
IndiGo Ventures makes maiden investment in Jeh Aerospace
IndiGo Ventures , the newly created venture capital arm of India's largest airline IndiGo has undertaken its maiden investment in aerospace component manufacturer Jeh Aerospace , for an undisclosed amount. The arm, which has closed its maiden fund at ₹450 crore, was launched in August 2024 with regulatory approval from market regulator Securities and Exchange Board of India to raise ₹600 crore. The venture is focused on investing in early-stage startups driving innovation in aviation and allied sectors. 'This first close and investment marks a significant step in IndiGo's broader innovation agenda—combining operational expertise with capital to empower entrepreneurs solving critical challenges in aerospace and related domains,' a statement said. Jeh Aerospace will utilise the investment to scale its advanced digital manufacturing infrastructure, enhance its artificial intelligence-driven production optimization and deep supply chain integration platforms, and onboard engineers. 'Currently what we are building is the first smart factory in the country doing aerospace and aerospace manufacturing in this particular sector. We always wanted to be a data-driven organization,' said Venkatesh Mudragalla, co-founder, Jeh Aerospace, in an interaction with ET Infra. Jeh Aerospace was founded in 2022 by Vishal R. Sanghavi and Mudragalla, former aerospace veterans from Tata Group, with an aim to leverage the increased aerospace component manufacturing diversification from US shores to Indian companies. 'Our customers are extremely happy with the work that we have done in terms of delivery and quality performance. We believe we should be able to onboard at least three more clients during this year,' said Mudragalla. The company has undertaken manufacturing of precision machine components for commercial aero-engines for US-based GS Precision. Jeh Aerospace, currently has scaled to a 100-member team of specialized engineers and technicians, and has so far delivered 100,000 flight-critical aeroengine components and precision tools meeting AS9100 standards, and. The company has so far attracted $100 million in long-term contracts with global aerospace companies.
United News of India
3 days ago
- Business
- United News of India
IndiGo Ventures takes flight with first close of its fund at Rs 450 crore; makes debut investment in Jeh Aerospace
Hyderabad, July 9 (UNI) IndiGo Ventures, the corporate venture capital arm of India's preferred airline IndiGo, today announced the first close of its maiden fund at Rs 450 crore. This is IndiGo Ventures' first investment in Jeh Aerospace, a Hyderabad-based startup reimagining aerospace component supply chains through precision engineering, cost-efficient manufacturing, and seamless digital integration. In August last year, IndiGo Ventures, launched with regulatory approval from SEBI to raise Rs 600 crore, is focused on investing in early-stage startups driving innovation in aviation and allied sectors. The fund targets companies at the pre-Series A to Series B stages, with an emphasis on long-term strategic alignment, the company said in a release. This first close and investment marks a significant step in IndiGo's broader innovation agenda—combining operational expertise with capital to empower entrepreneurs solving critical challenges in aerospace and related domains. Coinciding with this milestone, the firm has also approved its first investment in Jeh Aerospace (for an undisclosed amount), one of the fastest-growing aerospace startups focused on high-precision aerospace and defence manufacturing. Within its first year of operations, Jeh Aerospace has scaled to a 100-member team of specialised engineers and technicians, delivered 100,000 flight-critical aeroengine components and precision tools meeting AS9100 standards, and secured $100 million in long-term contracts with global aerospace companies. Pieter Elbers, Chief Executive Officer at IndiGo, said: 'Through IndiGo Ventures, we are excited to partner with Jeh Aerospace, a homegrown brand that shares our vision and spirit of strengthening the Indian aviation ecosystem. This investment also strengthens the Indo-U.S. aerospace ties, advances Make-in-India and accelerates innovation, contributing to realising India's potential to become a global aerospace and aviation hub.' Vishal R. Sanghavi, Co-founder & CEO, Jeh Aerospace, said: 'This investment empowers us to scale production capacity to meet growing demand from our global customers, ensuring flawless, on-time delivery of high-precision components'. Despite India being one of the world's fastest-growing aviation markets, the country is still a small player in the global aerospace manufacturing industry, highlighting a significant gap in domestic manufacturing capacity. Jeh will deploy the investment to scale its advanced digital manufacturing infrastructure, enhance its AI-driven production optimisation and deep supply chain integration platforms, and attract world-class engineering and production talent. Founded by industry veterans Vishal Sanghavi and Venkatesh Mudragalla—alumni of Tata's aerospace joint ventures with Boeing, Lockheed Martin, and Sikorsky—Jeh Aerospace combines deep sectoral expertise with sharp operational execution. UNI KNR RN
The Hindu
3 days ago
- Business
- The Hindu
IndiGo Ventures invests in Jeh Aerospace, secures ₹450 crore for maiden fund
IndiGo Ventures, the corporate venture capital arm of air carrier IndiGo on Wednesday announced the first close of its maiden fund at ₹450 crore. The firm has also approved its first investment in Jeh Aerospace, a Hyderabad-based aerospace startup focused on high-precision aerospace and defence manufacturing. It, however, did not disclose how much it is investing. Within its first year of operations, Jeh Aerospace has scaled to a 100-member team of specialised engineers and technicians, delivered 1,00,000 flight-critical aeroengine components and precision tools meeting AS9100 standards and secured $100 million in long-term contracts with global aerospace companies, IndiGo Ventures said. Jeh will deploy the investment to scale its digital manufacturing infrastructure, enhance AI-driven production optimisation and deep supply chain integration platforms and attract world-class engineering and production talent. Launched in August 2024 with regulatory approval from SEBI to raise ₹600 crore, IndiGo Ventures is focused on investing in early-stage startups driving innovation in aviation and allied sectors. The fund targets companies at the pre-Series A to Series B stages, with an emphasis on long-term strategic alignment, it said in a release. 'Through IndiGo Ventures, we are excited to partner with Jeh Aerospace, a homegrown brand that shares our vision and spirit of strengthening the Indian aviation ecosystem. By combining our technical expertise and global footprint, this partnership will propel use of next-generation technology in the aerospace and aviation sector,' IndiGo CEO Pieter Elbers said. 'The investment will empower to scale production capacity to meet growing demand from global customers, ensuring flawless, on-time delivery of high-precision components,' Jeh Aerospace co-founder and CEO Vishal R. Sanghavi said.
Economic Times
3 days ago
- Business
- Economic Times
IndiGo Ventures raises Rs 450 cr; invests in startup Jeh Aerospace
IndiGo Ventures, the corporate venture capital arm of domestic carrier IndiGo, on Monday announced the first close of its maiden fund at Rs 450 crore. ADVERTISEMENT Besides, the company also announced the first investment in Hyderabad-based aerospace startup Jeh Aerospace, without disclosing the amount. Jeh will deploy the investment to scale its advanced digital manufacturing infrastructure, enhance its AI-driven production optimization and deep supply chain integration platforms, and attract engineering and production talent, it said. Launched in August last year with approval from SEBI to raise Rs 600 crore, IndiGo Ventures is focused on investing in early-stage startups driving innovation in aviation and allied sectors. The fund targets companies at the pre-Series A to Series B stages, with an emphasis on long-term strategic alignment. This first close and investment (in Jeh Aerospace) marks a significant step in IndiGo's broader innovation agenda' combining operational expertise with capital to empower entrepreneurs solving critical challenges in aerospace and related domains, it said. ADVERTISEMENT Founded by industry veterans Vishal Sanghavi and Venkatesh Mudragalla - alumni of Tata's aerospace joint ventures with Boeing, Lockheed Martin, and Sikorsky - Jeh Aerospace combines deep sectoral expertise with sharp operational execution. Within its first year of operations, Jeh Aerospace has scaled to a 100-member team of specialized engineers and technicians, delivered 100,000 flight-critical aeroengine components and precision tools meeting AS9100 standards, and secured USD100 million in long-term contracts with global aerospace companies, IndiGo Ventures said. ADVERTISEMENT "By combining our technical expertise and global footprint, this partnership (with Jeh Aerospace) will propel use of next-generation technology in the aerospace and aviation sector. This investment also strengthens the Indo-US aerospace ties, advances make-in-India and accelerates innovation, contributing to realising India's potential to become a global aerospace and aviation hub," Pieter Elbers, Chief Executive Officer at IndiGo. Despite India being one of the world's fastest-growing aviation markets, the country is still a small player in the global aerospace manufacturing industry, highlighting a significant gap in domestic manufacturing capacity, it stated. "At Jeh Aerospace, we are forging a future-ready aerospace ecosystem by leveraging India's exceptional talent, advanced manufacturing, and AI-driven digital platforms. This investment empowers us to scale production capacity to meet growing demand from our global customers, ensuring flawless, on-time delivery of high-precision components," said Vishal R. Sanghavi, Co-founder and CEO, Jeh Aerospace.
Time of India
4 days ago
- Business
- Time of India
IndiGo Ventures raises Rs 450 cr; invests in startup Jeh Aerospace
IndiGo Ventures , the corporate venture capital arm of domestic carrier IndiGo, on Monday announced the first close of its maiden fund at Rs 450 crore. Besides, the company also announced the first investment in Hyderabad-based aerospace startup Jeh Aerospace , without disclosing the amount. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Cardiologist Reveals: The Simple Morning Habit for a Flatter Belly After 50! Lulutox Undo Jeh will deploy the investment to scale its advanced digital manufacturing infrastructure, enhance its AI-driven production optimization and deep supply chain integration platforms, and attract engineering and production talent, it said. Launched in August last year with approval from SEBI to raise Rs 600 crore, IndiGo Ventures is focused on investing in early-stage startups driving innovation in aviation and allied sectors. The fund targets companies at the pre-Series A to Series B stages, with an emphasis on long-term strategic alignment. Live Events This first close and investment (in Jeh Aerospace) marks a significant step in IndiGo's broader innovation agenda' combining operational expertise with capital to empower entrepreneurs solving critical challenges in aerospace and related domains, it said. Founded by industry veterans Vishal Sanghavi and Venkatesh Mudragalla - alumni of Tata's aerospace joint ventures with Boeing, Lockheed Martin, and Sikorsky - Jeh Aerospace combines deep sectoral expertise with sharp operational execution. Within its first year of operations, Jeh Aerospace has scaled to a 100-member team of specialized engineers and technicians, delivered 100,000 flight-critical aeroengine components and precision tools meeting AS9100 standards, and secured USD100 million in long-term contracts with global aerospace companies, IndiGo Ventures said. "By combining our technical expertise and global footprint, this partnership (with Jeh Aerospace) will propel use of next-generation technology in the aerospace and aviation sector. This investment also strengthens the Indo-US aerospace ties, advances make-in-India and accelerates innovation, contributing to realising India's potential to become a global aerospace and aviation hub," Pieter Elbers, Chief Executive Officer at IndiGo. Despite India being one of the world's fastest-growing aviation markets, the country is still a small player in the global aerospace manufacturing industry, highlighting a significant gap in domestic manufacturing capacity, it stated. "At Jeh Aerospace, we are forging a future-ready aerospace ecosystem by leveraging India's exceptional talent, advanced manufacturing, and AI-driven digital platforms. This investment empowers us to scale production capacity to meet growing demand from our global customers, ensuring flawless, on-time delivery of high-precision components," said Vishal R. Sanghavi, Co-founder and CEO, Jeh Aerospace.
