JJG Aero, a Bengaluru-based manufacturer of precision aerospace components, has raised $30 million in a Series B funding round led by Norwest, bringing the company’s total funding to $42 million.
According to a statement released on Monday, the new funding will be used to expand JJG Aero’s manufacturing footprint, supporting the development of a new facility in North Bengaluru. The scale-up from its existing two one-acre sites to a 10-acre campus is intended to enable long-term growth.
CEO Anuj Jhunjhunwala said the company aims to address the gap between the rising from aircraft manufacturers and suppliers’ struggle to keep pace.
“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,” Jhunjhunwala said.
