Jeh Aerospace raises $11 million in Series A funding round led by Elevation Capital

Jeh Aerospace has raised $11 million in a Series A funding round led by Elevation Capital, with participation from existing investor General Catalyst. The aerospace manufacturing company was recently in the news for receiving an undisclosed amount of funding from Indigo Ventures, Indigo Airlines’ venture capital arm, in July of this year.

The Atlanta-headquartered startup, founded by Vishal R. Sanghavi and Venkatesh Mudragalla, specialises in high-precision aerospace and defence manufacturing, which meets AS9100 standards, with its factories based in Hyderabad, India. With the new funding, the company is looking at the second phase of growth, which would be possible by advanced software-defined manufacturing and ramping up production by building mega factories in Hyderabad.

According to its co-founder and COO, Venkatesh Mudragalla, Jeh Aerospace has scaled from a team of five to over 100 members in 18 months since its seed round, delivered more than 100,000 flight-critical components and tools, and secured $100 million in long-term contracts from various OEMs. “We have put together the top one percentile of the aerospace talent that we have in the country. We have also set up the Jeh Centre of Aerospace Skills, where we train all of our employees, which is also helping us to scale up execution,” he tells Fortune India while explaining how they extended their growth.

Speaking of how Elevation Capital came to be an interested investor, Mudragalla said that the company found them to be an extremely founder-friendly fund. Even Ashray Iyengar, Principal at Elevation Capital, showed equal confidence to fund Jeh Aerospace. “We believe Jeh's founders, Vishal and Venkatesh, are experienced aerospace manufacturing professionals who have been part of companies that scaled significantly in this challenging industry. We admire their commitment to leveraging technology for superior manufacturing operations and their unwavering focus on quality and safety,” he says.

While emphasising how investments from these funding rounds reflect trust in Jeh Aerospace, Mudragalla also mentions how the investment from Indigo Ventures was a special one. “Indigo is just not about capital; it was a very strategic investment for us. Both organisations share a very long-term vision in terms of how we see the aerospace supply chain transformation going forward. We're also very excited about the mentorship that we'll get from the Indigo team to scale this business,” he says.

In terms of future growth, Jeh Aerospace intends to expand by three to five times from last year’s performance. While specific financial figures were not disclosed, Mudragalla maintained that the company’s financial performance remained strong, describing it as “very healthy” on key metrics.