Shark Buzz’s Post

Unimech Aerospace & Manufacturing Limited, led by Anil Kumar Puthan, has raised Rs 250 crore ($30 million) in its first funding round from Steadview Capital Mauritius Limited, ValueQuest Scale Fund, and Evolvence India Fund IV Ltd. Established in 2016, the Bengaluru-based company specializes in high-precision tooling for aero-engines and airframes, serving clients in the aerospace, defense, energy, and semiconductor sectors, including major OEMs. With revenue projected to exceed Rs 200 crore ($24 million) by FY24, Unimech plans to file a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI), aiming to be the first venture-funded aerospace manufacturing company to go public in India. #UnimechAerospace #AnilPuthan #SteadviewCapital #ValueQuestScaleFund #EvolvenceIndiaFund #AerospaceManufacturing #BengaluruStartups #TechIPO #AerospaceEngineering #VentureFunding #PrecisionTooling #StartupFunding #startup77

Defence is rapidly becoming the major driver of innovation and manufacturing capability in the West. It's a field where the UK, and South Yorkshire, has great strengths and capabilities. But how prepared are anchor institutions, research establishments and regional political actors to capitalise on this surge in investment - from start ups and spin outs to centuries' old innovators who have been supporting the defence industry since the Crimean War (nothing really changes) Sheffield and South Yorkshire have been the backbone of the UK's defence. Oliver Coppard recognises this. He recently signed the steel charter which would not only preserve but restore the UK's capabilities in the increasingly green manufacturing of domestically produced steel. The massive investment in Sheffield Forgemasters - where Oliver signed the charter -- is testimony to the region's centrality to defence. Its products provide the power behind the tripartite defence alliance known as AUKUS.....Australia, the United States and the United Kingdom. But there are many many other players in this arena in our region. From Castings Technology International who make critical parts for western defence systems and dazzling tech companies like Phlux Technology who manufacture avalanche photodiode infrared sensors and recently signed a major deal with Airbus Defence and Space, Sheffield's metals and materials know-how has been central to our national security.

🚀 Unimech Aerospace & Manufacturing Limited Aerospace Raises Rs 250 Cr in Funding! 🚀 📌 Company Overview: Founded in 2016, Unimech Aerospace & Manufacturing Limited is led by co-founders Anil Kumar Puthan (Chairman and Managing Director), MANI PUTHAN(Chief Operations Officer), Preetham Shimoga (Customer Accounts Head), Rajanikanth Balaraman (Chief Growth, Technology & People Officer), and Ram Kamojala (Chief Financial Officer). The company specializes in high-precision tooling, components, assemblies, and turnkey systems for the aerospace, defense, energy, and semiconductor industries, with a significant presence in the USA, Europe, and the UK. 📌 Funding Details: Unimech Aerospace & Manufacturing Limited has raised Rs 250 crore ($30 million) in a private placement round led by Steadview Capital Mauritius Limited, ValueQuest Scale Fund, and Evolvence India Fund IV Ltd. Previous investors include Tata Capital, LeapFrog Investments, Trifecta Capital Leaders Fund-I, and Xponentia Opportunities Fund-II. 📌 Why This Matters: The funds will support both organic and inorganic growth, enhancing Unimech’s Build to Print and Build to Spec solutions. The company’s revenue grew to Rs 28 crore in FY23, with profitability doubling to Rs 2.81 crore. Unimech is also preparing for an IPO, aiming to be the first venture-funded aerospace manufacturing company in India to go public. 📌 IPO Plans: Unimech Aerospace is preparing to file a draft red herring prospectus (DRHP) with SEBI for its upcoming Initial Public Offering (IPO), aiming to become the first venture-funded aerospace manufacturing company in India to go public. Aspirants Space encourages Unimech Aerospace to leverage our services to attract top talent, ensuring continued success and innovation. Let’s revolutionize aerospace together! Source : https://lnkd.in/dSJjj2PN #AspirantsNews #UnimechAerospace #Funding #Aerospace #IPO #BusinessGrowth #AspirantsSpace

XTI Aerospace announced this week, it has entered into an agreement with FC Imperial Limited (FCIL), an affiliate of global investment consortium, FinExic Concordia Group, (FCG), for a proposed equity investment of up to USD55 million, reports a press release. The agreement stipulates a structured process for the distribution of capital within a defined time frame at a locked valuation of USD275 million and issuance of convertible preferred stock for an investment up to USD55 million, to convert into common stock “through defined exchange events subject to execution of a definitive purchase agreement,” explains the release. https://lnkd.in/eyPv4fZ4 #XTIAerospace #InvestmentAgreement #EquityInvestment #FinancialInvestment #ConvertiblePreferredStock #FCImperialLimited #FinExicConcordiaGroup

Congratulations to iCOMAT, a University of Bristol spinout and a Grand Scale Kickstart for #ICURe graduate, on securing $22.5M in Series A #Funding! 👏🏼 Under the visionary leadership of Founder and CEO Evangelos Zympeloudis, iCOMAT's automated and scalable manufacturing technology—the first of its kind—is revolutionising the trillion-dollar transportation industry, from air to ground to space. 🌍🛫 Based in #Bristol, iCOMAT leads in delivering lighter, stronger, and more sustainable structures for #Aerospace and #Automotive vehicles at unprecedented scale and cost/production efficiency. A massive well done to the entire team at iCOMAT on this milestone achievement! 🎉 ✅ Co led by 8VC and NATO Innovation Fund (NIF) ✅ Additional investors include Syensqo Ventures and existing investor Velocity.Partners Venture Capital Full Press Release 👇🏼 Innovate UK ICURe #Investment #Innovation #SpinOut #StartUp #AerospaceInnovation #AdvancedManufacturing #Composites #AdvancedMaterials #AdvancedComposite #CarbonFibre #LightweightMaterials #UKmfg #UKTech 

Aerospace start-ups: Between ambitions and challenges ✈️ 📰 https://lnkd.in/eqh8Xv3T   The aeronautics industry is undergoing a major transformation, and needs to renew itself to meet environmental challenges, including the goal of zero net emissions by 2050. In this context, start-ups are playing a key role in providing solutions to this challenge. 🚀🌎   While electric and hydrogen offer promising prospects for decarbonization, the aviation sector's ambitions face complex operational and industrial challenges: financing, industrialization, obtaining certification, recruiting expert talent... 💡   👉 To find out more, we invite you to read this first article dedicated to start-ups in the aeronautics sector.   #Aerospace #Startup #Industry #Decarbonation #Innovation #Transformation #Consulting #MewsPartners

For those who are interested - Volant Aerotech recently completed a Series A+ funding round, raising several hundreds of millions of yuan. According to the company, the fresh funds - the fifth million-level funding round for Volant in 2024 - will support the continued testing of the VE25 prototype, accelerate the development and manufacturing of the aircraft, secure type certification for the VE25-100, and advance the commercialization of high-grade commercial eVTOLs. In other news, the Shanghai Municipal People's Government has issued the "Action Plan for High-Quality Development of Shanghai's Low-Altitude Economy (2024-2027)." The main goals include establishing a comprehensive industry system for low-altitude aircraft by 2027, positioning Shanghai as an innovation hub in this sector, achieving a core industry scale exceeding 50 billion RMB, collaborating with Yangtze River Delta cities to develop inter-provincial general aviation hubs, and creating a national demonstration area to accelerate the development of an internationally influential "Sky City." Check it out here: https://lnkd.in/gv5aHHFs Meanwhile, July saw a wave of initiatives aimed at advancing the low-altitude economy, with new parks and strategic plans unveiled across China. The report, Parks and Projects in China's Low-altitude Economy, highlights four key areas, including two industrial parks, shaping the country’s sector. See: https://lnkd.in/gCENm9wv

The Europe Axial Slide Bearings Market is witnessing a remarkable evolution, driven by advancements in industrial #machinery, energy efficiency demands, and infrastructure development. These critical components, essential for reducing friction and supporting axial loads in various applications, are gaining traction across sectors like #automotive, #aerospace, #energy, and #manufacturing.   Top Axial Slide Bearings Industry Players in Europe: Tenneco Rheinmetall RBC Bearings GGB Bearing Technology The Timken Company Saint-Gobain Schaeffler TECHNYMON - Global Bearing Technologies NSK Global GRW - Gebr. Reinfurt GmbH & Co. KG NTN Bearing Corporation Wieland Group   Know More @ https://lnkd.in/drpGUFDn   #axialslidebearings #slidebearings #bearings #mechanicalengineering #industrialengineering #startup #marketresearch #metastatinsight

I'm sure that Defense Innovation Unit (DIU) is doing important work in its mission to connect Silicon Valley tech companies with the Department of Defense. However, a few questions worth considering: The headline success story of this article is an eVTOL startup that ultimately raised over $2 Billion in private venture capital after its initial work with DIU in 2016, but which currently has no clear use case for the military. Sounds great for the company, but is that really a big win for DoD? Much of DIU's success in implementing 52 projects under Director Raj S., from 2016-2018, came from being able to take advantage of rapid acquisition authorities that allowed the organization to put companies on contract within 60 days. Why is this unique to DIU? Wouldn't we achieve much more if those same or similar rapid acquisition authorities were available to every contracting officer and every Program Management Office? Under its new Director, Doug Beck, whose priority is to "deliver strategic impact," DIU's budget could grow to $1 billion in 2024. But can even that amount make an impact without major DoD procurement reforms? Bill Greenwalt at American Enterprise Institute calls it "putting a Band-Aid on a mortal wound." And from Pete Modigliani of Beacon Global Strategies: "When folks like DIU come in and say, 'Hey, we've found some great companies with some novel technology that are going to have great defense capabilities,' the acquisition professionals often aren't able to react. ... The system constrains them." I appreciate the role of DIU as a facilitator, connecting requirements to commercial technology, and I agree they should be a member of the DoD Innovation Steering Group (how were they not already??). But I believe the same $1B could be used better to support the small business defense industrial base more broadly. How about low interest loans for capital equipment to expand production?  #defenseindustry #defenseinnovation #defensetech https://lnkd.in/exxN-api 

Congratulations to Kern Venture Group portfolio company Cambium on being Named One of the Top 100 Venture Funded, Defense and Dual Use Start-ups by the Silicon Valley Defense Group. This annual ranking and report, sponsored by JPMorganChase's Aerospace & Defense Industry division, is SVDG's annual ranked list of the emerging US techno-security ecosystem of venture-backed companies. The ranking is the product of a proprietary, quantitative formula created by SVDG, in collaboration with Franklin Templeton and Balyasny Asset Management L.P., fortified by conversations with technology leaders across the US Government and allied partner governments, and categorized against the United States Department of Defense's 14 Critical Technology Areas. https://lnkd.in/gbCkssFy