JJG Aero Secures $12 Million In Funding From CX Partners
Summary
Bengaluru-based aerospace component manufacturer JJG Aero has secured $12 million (100 crore) in inaugural funding from CX Partners. The funds will be used primarily to increase its new facilitys manufacturing capacity, further vertical integration, and other corporate initiatives.Established in 2008, JJG Aero specialises in manufacturing build-to-print high-precision machined components with in-house special process finishing capabilities. While the company is focused on building its business in the commercial aerospace segment, its diverse capabilities are used by its customers in the automotive and industrial segments.The aerospace supply chain is facing all-time high demand from aircraft manufacturers, which the legacy vendors in the Western world are struggling to meet. The global geopolitical issues, economic stability, and government support make India ideally placed to benefit from this. With our strengths and value proposition, we see ourselves emerging as a key player in the aerospace ecosystem, said Anuj Jhunjhunwala, CEO, JJG Aero.