IndiGo on Wednesday announced it has invested in Hyderabad-based startup Jeh Aerospace as its first bet through IndiGo Ventures, a fund aimed at backing early-stage startups in aviation and related industries.
The Indian carrier got regulatory approval last October to launch the fund and has raised INR 4.5 billion ($52.5 million) so far out of an expected INR 6 billion ($70 million).
IndiGo said it wants to back companies that can solve operational headaches and help the airline reduce dependence on global supply chains.
“The fund will also look to invest in consumer startups that have a touchpoint in the passenger journey, such as travel, lifestyle, hospitality, transportation, etc,” the airline said in October.
The companies did not disclose the amount of the investment.
What Does Jeh Aerospace Do?
Jeh Aerospace focuses on making flight-critical components. The company was founded by Vishal Sanghavi and Venkatesh Mudragalla, both of whom previously worked in Tata’s joint ventures with global giants like Boeing and Lockheed Martin.
According to an IndiGo press statement, Jeh has locked in long-term contracts worth $100 million with global aerospace clients. The startup also uses artificial intelligence to streamline production, improve quality, and manage complex supply chains more efficiently.
India is one of the fastest-growing aviation markets, but it still imports a lot of aerospace components. With most parts for planes flying in India still coming from abroad, this also leads to delays, higher costs, and sometimes even shortages.
Jeh aims to change that.
“Geographically, the U.S. has the largest aerospace industry and hence the largest markets, and that’s why we’ve established a presence in the U.S., making the U.S.-India corridor a key focus area for us,” according to the company website.
This fits in with IndiGo’s broader ambition of making India a hub for aviation and aerospace. IndiGo CEO Pieter Elbers called Jeh Aerospace, “a homegrown brand that shares our vision.”
“By combining our technical expertise and global footprint, this partnership will propel use of next-generation technology in the aerospace and aviation sector. This investment also strengthens the Indo-U.S. aerospace ties, advances Make-in-India and accelerates innovation, contributing to realising India’s potential to become a global aerospace and aviation hub,” Elbers said.
Jeh said it would use the funds to upgrade its facilities, expand AI-driven production, and hire more engineering and production talent. The focus will be on deepening its digital systems and ensuring parts can be made faster, cheaper, and to the exacting standards that international clients expect.
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