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Nabhdrishti Aerospace raises pre-seed round led by IIMA Ventures

EntrackrEntrackr · 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.

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Nabhdrishti Aerospace raises $3 Mn led by Accel

EntrackrEntrackr · 3m 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 — 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 India’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.

SatLeo Labs raises $3.3 Mn in pre-seed round Merak Ventures

EntrackrEntrackr · 2m ago
SatLeo Labs raises $3.3 Mn in pre-seed round Merak Ventures
Medial

SatLeo Labs, a spacetech company focused on thermal imaging from Low Earth Orbit (LEO), has raised $3.3 million in its pre-seed funding round led by Merak Ventures, with Huddle Ventures. GVFL, Java Capital, IIMA Ventures, PointOne Capital, and angel investors Manish Gandhi and Dheer Baldua have also participated. The proceeds will be used for SatLeo’s proprietary thermal imaging payload, team expansion, regulatory approvals, and infrastructure enhancements. Founded by Ranendu Ghosh and Shravan Bhati, SatLeo Labs is developing high-resolution thermal and visible imaging systems to deliver actionable data for applications in agriculture, energy, urban planning, and strategic surveillance. The Ahmedabad-based startup is building a dual-band, fused multispectral imaging system aimed at creating scalable solutions across climate-sensitive sectors. The platform estimates that its technology can help mitigate risks linked to climate change, including crop loss and wildfires, and contribute to emission reduction goals and sustainable development outcomes.

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