Aerospace components manufacturer JJG Aero raises $30 Mn led by Norwest

Aerospace components manufacturer JJG Aero has raised $30 million in a funding round led by Norwest, marking the venture capital firm’s first investment in aerospace components manufacturing in India.

The Bengaluru based company had previously raised $12 million in a Series A round from CX Partners in April 2024.

According to the company, the funds will be used to set up a 200,000 sq ft manufacturing facility in North Bengaluru, expand capacity at existing plants, and invest in advanced processes and sub assemblies.

Founded in 2008 by Anuj Jhunjhunwala, JJG Aero manufactures high precision aerospace, automotive, and industrial components and offers build to print machining and special processing services to global OEMs and Tier 1 suppliers, including Collins Aerospace, Safran, and GE.

Market research indicates that India accounts for less than 2% of the global aerospace components market.

JJG Aero’s product portfolio includes precision machined parts, bushes and washers, brackets, manifolds, landing system components, actuators, fluid systems, and avionics. The company operates over 100 machines across 60,000 sq ft of manufacturing space at facilities in Bommasandra and Jigani near Bengaluru.

In the same segment, rival startup Jeh Aerospace raised $11 million in August last year in a funding round led by Elevation Capital. Its early backers also include General Catalyst and IndiGo Ventures.