IndiGo Ventures, the venture capital arm of India’s largest airline IndiGo, has made its maiden investment in Bengaluru-based aerospace component manufacturer Jeh Aerospace for an undisclosed amount.

This marks the first deployment from its Rs 450 crore maiden fund, launched in August 2024 with SEBI’s approval to raise up to Rs 600 crore. The fund targets early-stage startups focused on 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,” the company said in a statement.

Jeh Aerospace, founded in 2022 by aerospace veterans Vishal R Sanghavi and Venkatesh Mudragalla, will use the funds to scale its digital manufacturing infrastructure, enhance AI-driven production optimisation, strengthen its supply chain integration, and expand its engineering team. “We are building the first smart factory in the country focused on aerospace manufacturing. We always wanted to be a data-driven organization,” said Venkatesh Mudragalla.

The company currently employs 100 engineers and technicians, has delivered over 100,000 flight-critical aeroengine components, and supplies precision machine parts to US-based GS Precision, adhering to AS9100 standards.