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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.