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Nabhdrishti Aerospace raises $3 Mn led by Accel

EntrackrEntrackr Ā· 11m ago
Nabhdrishti Aerospace raises $3 Mn led by Accel
Medial

Nabhdrishti Aerospace raises $3 Mn led by Accel Aerospace startup Nabhdrishti Aerospace has raised $3 million (around Rs 25 crore) in a funding round led by Accel, along with participation from IIMA Ventures and its existing investors. The proceeds will be used to boost the development and testing of its engine prototypes, as well as talent acquisition, Nabhdrishti Aerospace said in a press release. Co-founded in 2023 by Chouhan, Arjun Srivatsa, and Antanu Sadhu, Nabhdrishti Aerospace is building small gas turbines that will cater to hybrid urban air mobility, unmanned aerial vehicles (UAVs), and decentralized power generation appliances. The company claims its engine serves a dual purpose ā€” propulsion and power. It can cater to hospitals, heavy vehicles, manufacturing segments, as well as light aircraft, helicopters, and hybrid electric flights. According to the Bengaluru-based company, it is developing cutting-edge technologies designed to run on sustainable fuels, including green hydrogen, to power everything from UAVs to next-generation air mobility platforms. Nabhdrishti Aerospace focuses on building sustainable, indigenous propulsion systems to reduce Indiaā€™s reliance on imported aerospace technology. It aims to generate early revenue while expanding its team, with new hires expected across engineering, production, and customer support by the end of the year. Over the next few years, the company plans to steadily scale its workforce to support its growing product portfolio and customer base. Other notable startups in this space include Garuda Aerospace, Bellatrix Aerospace, and Agnikul.

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Nabhdrishti Aerospace raises pre-seed round led by IIMA Ventures

EntrackrEntrackr Ā· 1y ago
Nabhdrishti Aerospace raises pre-seed round led by IIMA Ventures
Medial

Deeptech startup Nabhdrishti Aerospace has raised Rs 3 crore in its pre-seed round led by IIMA Ventures (Formerly IIMA-CIIE). The proceeds will be used to develop fuel flex combustor prototype via thorough testing on the fuel injector and combustor, the company said in a press release. This will enable the company to showcase the proprietary fuel flex technology. This will be followed by designs within the power range of 300 SHP to 1,000 SHP and above. Founded in 2023 by Rohit Chouhan and Arjun Srivatsa, Nabhdrishti Aerospace will design and develop gas turbine engines, beginning with a 350 SHP turbo-prop engine for aviation and power generation use cases. As per the company, the micro gas turbine (MGT) engines will be developed and manufactured and will feature fuel flexibility to enable clean fuel compatibility and enhanced efficiency. The first product, ND 350, will be a 275 KW Turbogenerator. The same core, when coupled with a propeller, claims to generate 350 SHP that can power UAVs (unmanned aerial vehicle) and hybrid electric VTOLs (vertical take-off and landing). Earlier this month, Bengaluru-based aerospace components manufacturer JJG Aero raised $12 million from CX Partners. In January, Jeh Aerospace raised $2.75 million in a seed funding round led by General Catalyst.

Aerospace components manufacturer JJG Aero raises $30 Mn led by Norwest

EntrackrEntrackr Ā· 28d ago
Aerospace components manufacturer JJG Aero raises $30 Mn led by Norwest
Medial

Aerospace components manufacturer JJG Aero has raised $30 million in a funding round led by Norwest, marking the venture capital firmā€™s first investment in aerospace components manufacturing in India. The Bengaluru-based company had previously raised $12 million in a Series A round from CX Partners in April 2024. According to the company, the funds will be used to set up a 200,000 sq ft manufacturing facility in North Bengaluru, expand capacity at existing plants, and invest in advanced processes and sub assemblies. Founded in 2008 by Anuj Jhunjhunwala, JJG Aero manufactures high precision aerospace, automotive, and industrial components and offers build to print machining and special processing services to global OEMs and Tier 1 suppliers, including Collins Aerospace, Safran, and GE. Market research indicates that India accounts for less than 2% of the global aerospace components market. JJG Aeroā€™s product portfolio includes precision machined parts, bushes and washers, brackets, manifolds, landing system components, actuators, fluid systems, and avionics. The company operates over 100 machines across 60,000 sq ft of manufacturing space at facilities in Bommasandra and Jigani near Bengaluru. In the same segment, rival startup Jeh Aerospace raised $11 million in August last year in a funding round led by Elevation Capital. Its early backers also include General Catalyst and IndiGo Ventures.

Testsigma raises $8.2 Mn led by MassMutual Ventures

EntrackrEntrackr Ā· 1y ago
Testsigma raises $8.2 Mn led by MassMutual Ventures
Medial

AI-based low-code test automation platform Testsigma has raised $8.2 million in funding led by MassMutual Ventures, along with existing investors Accel, STRIVE, and BoldCap. Earlier, in 2022, Testsigma raised $4.6 million led by Accel, with participation from STRIVE and BoldCap. Founded in 2019 by Rukmangada Kandyala, Pratheep Velicherla, Vikram Chaitanya, and Rajesh Reddy, Testsigma is a Gen AI-powered, low-code test automation platform that helps quality engineering teams to automate tests at speed and scale without coding expertise. The platform helps users to rapidly create, organise, and run automated tests for web and mobile applications, as well as APIs, using plain English through to its NLP (Natural Language Programming) engine. Its clientele includes Sage, HPE, Netgear, HDFC Life, IEEE, SignEasy, American Psychological Association, and MehilƤinen.

Spintly raises $8 Mn from Accel, ENRISSION India and others

EntrackrEntrackr Ā· 2d ago
Spintly raises $8 Mn from Accel, ENRISSION India and others
Medial

Spintly raises $8 Mn from Accel, ENRISSION India, and others Proptech startup Spintly has raised undisclosed funds from ENRISSION India Capital as part of its $8 million Series A round. The round was led by Accel, with participation from Chakra Growth Fund, Alumni Ventures, and Spyre VC. The brand had previously raised Rs 3.5 crore in an extended seed funding round led by Spyre VC and others in January last year. Prior to that, it had raised $5.36 million from Letsventure, Riso Capital, Sucseed Indovation, and Accel Nest. The new proceeds will be used to accelerate product development, expand global operations, and strengthen AI capabilities. Spintly is targeting enterprise customers managing access across large commercial spaces and multi-location facilities. Founded by Rohin Parkar, Spintly builds a wireless access control system powered by its proprietary BLE mesh network technology. The platform enables enterprises to deploy access control infrastructure without traditional wiring, reducing installation time and retrofit complexity. The system also supports secure access management and local log storage during power outages. Spintly operates across India, the Middle East & Africa, and the United States. The firm combines wireless hardware infrastructure with software-led controls and is integrating AI-driven intelligence into existing camera infrastructure to enhance security analytics for commercial facilities.

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