Bengaluru-based aerospace components manufacturer JJG Aero has raised $30 million in Series B funding from growth equity firm Norwest.
The funding will primarily be used to build and add capacity at its upcoming facility in North Bangalore, drive further vertical integration and support other strategic initiatives.
With its $12 million raised in Series A funding, led by CX Partners in April 2024, its total funding raised is now $42 million.
JJG Aero specializes in high-precision machined components with in-house special process finishing for aircraft systems and engines. The company serves global aerospace OEMs and Tier-1 suppliers such as Collins Aerospace, Safran, GE Aerospace, Pratt & Whitney, Woodward, and Liebherr. It also operates a subsidiary catering to the auto component and industrial segments.
“The aerospace supply chain is facing an all-time high demand from aircraft manufacturers, which legacy vendors in the Western world are struggling to meet,” said JJG Aero CEO Anuj Jhunjhunwala. With our strengths and value proposition, we see ourselves as a key player for precision-machined components in the aerospace ecosystem.
"India has emerged as an attractive destination for sourcing components and parts by global leaders, and we are excited to be selected by so many marquee clients as a strategic growth vendor."
“With strong industry tailwinds, we believe that aero-parts and component manufacturing is emerging as an important segment in India's manufacturing outsourcing story," said Norwest managing director Shiv Chaudhary. "We believe JJG Aero is well-positioned to capitalize on these opportunities and further solidify its presence in the market."
Veda Corporate Advisors acted as the sole transaction advisor on the deal.