Browsing: Aerospace

The Indian Air Force’s Maintenance Command and IIT Ropar have signed an MOU to collaborate on developmental projects, bolstering the IAF’s operational capabilities and self-reliance. IIT Ropar will provide consultancy, research, and technology demonstrators to support the IAF’s indigenization efforts, aligning with the ‘Atmanirbhar Bharat’ vision. This partnership aims to address challenges in niche defense technology areas through academia-military synergy.

“This funding from Elevation Capital and General Catalyst will allow us to build mega factories and enhance our technology while continuing to deliver exceptional value to our global customers,” said Vishal R. Sanghavi, founder and CEO, Jeh Aerospace.

The drone startup, which is backed by former Indian cricket captain Mahendra Singh Dhoni, will use the funds for scaling up production capacity from 8,000 drones per annum now to between 12,000 and 15,000 units. The funds will also help boost R&D efforts and expand its export presence to 50 countries by the year-end.