JJG Aero, a prominent aerospace components manufacturer based in Bengaluru, the aerospace hub of India, has recently secured a substantial investment of $12 million from CX Partners, a leading private equity firm. This funding marks JJG Aero’s first round of external funding and is expected to fuel its ambitious expansion plans. Alongside JJG Aero, another aerospace startup based in Hyderabad, Jeh Aerospace, has also received a significant boost with a $2.75 million funding round led by General Catalyst, a venture capital firm based in San Francisco.
The investment from CX Partners comes at a crucial time for JJG Aero as it aims for rapid growth with an impressive annual increase target of 35%. The company, founded in 2008, specializes in producing custom-machined components primarily for the commercial aerospace sector. However, it also caters to clients in the automotive and industrial segments. Its customer base includes renowned original equipment manufacturers (OEMs) and tier-1 vendors situated in the US and Europe.