Nabhdrishti Aerospace Raises 3 Crore Pre-Seed Round Led By IIMA Ventures
Summary
This infusion of capital empowers us to accelerate our first product development. Our next steps involve recruiting top-tier talent, investing in advanced tools and testing infrastructure, and demonstrating our combustion technology, said Rohit Chouhan, co-founder and CEO.Arjun Srivatsa, Co-Founder and COO, said, Our first product is the ND350 Engine, which will be market-ready by Q3 2025. Coupling the core with a propeller takes the ND350 into turboprop mode, where it generates 350 SHP, empowering UAVs and air taxis. The versatility and eco-conscious focus of our product distinguish us in the market.IIMA Ventures has launched a deep tech pre-seed accelerator fund with SIDBI recently, and Nabhdrishti Aerospace is the first investment from that initiative. Speaking on the investment, Vipul Patel, Partner, Seed Investing at IIMA Ventures, shared, Building something as complex as a microgas turbine in a market that is multibillion dollars requires a deep understanding of a multitude of factors, such as gestation period, cost-efficient testing infrastructure, intellectual team-building skills, customer nuances, etc.