Mumbai, Jan 18 (PTI) Aerospace and defence manufacturing startup Jeh Aerospace on Thursday announced raising USD 2.75 million (nearly Rs 23 crore) from General Catalyst through a strategic partnership.

The seed funding round also saw participation from industry veterans such as Airbus India former CEO and MD Dwarakanath Srinivasan and former president of Boeing India Pratyush Kumar (Prat) who chipped in as angel investors, Jeh Aerospace said in a statement.

Also Read | Tata Mumbai Marathon 2024 Date: From Route and Timings to Bib Collection and Prizes, Here’s Everything You Need to Know About India’s Biggest Running Event.

Co-founded by former chief operating officer of Tata Boeing Aerospace Vishal R Sanghavi and Venkatesh Mudragalla, former senior executive at Tata Sikorsky Aerospace Limited, Jeh Aerospace provides manufacturing solutions to the aerospace and defence (A&D) industry through its scalable facilities and vetted supplier networks.

The funds will be deployed to build infrastructure, fuel growth, and prepare a team to transform the supply chain experience for global aerospace customers, it said.

Also Read | Flight Delayed or Cancelled Due to Fog? Know About Rights and How to Get Full Refund.

The global aerospace industry confronts several significant challenges that impact its reliability and resilience, according to the company.

These challenges relate to complexity, geopolitical factors, supply chain disruptions, and workforce constraints in the established centres of A&D manufacturing in the USA and Western Europe, enabling new sources of manufacturing capacities and capable talent to build reliable, responsive, and resilient supply chains, it said.

Jeh Aerospace aims to play a meaningful role in solving such constraints, it said.

This is the "most challenging" times and also the most exciting times for the global aerospace and defence industry, according to the two co-founders of Jeh Aerospace.

On one hand, the demand has sharply bounced back post-Covid; on the other, it is severely constrained on the supply side, the company said, adding that it has found strong traction with global customers, helping them improve delivery and supporting their growth needs.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)