Nautical Wings Aerospace, a key player in electric propulsion technology for the aviation industry, has raised a pre-Series A funding round from investors Venture Catalysts and 1Crowd. While the specific investment amount remains undisclosed, the company plans to leverage the funds to enhance its research and development (R&D) capabilities, grow its engineering team, and scale operations to meet the increasing global demand for electric propulsion solutions.
Founded in 2020 by Shiv Varun Singh Rajput, Praveen T, and Vikas Kamath, Nautical Wings Aerospace specializes in developing tailored propulsion solutions for original equipment manufacturers (OEMs) across the aviation sector. The company’s flagship product, the Integrated Electric Propulsion Unit (iEPU), offers a plug-and-play architecture designed for seamless integration with various aircraft. This flexibility allows drone manufacturers and air mobility companies to adopt electric propulsion technology with minimal customization.
Operating under a B2B model, Nautical Wings Aerospace provides enterprise-grade hardware solutions to aircraft OEMs. The electric aircraft propulsion market is anticipated to expand at a compound annual growth rate (CAGR) of 15.3%, increasing from $6.5 billion in 2022 to $20.3 billion by 2030. Nautical Wings Aerospace is well-positioned to capitalize on this growth trajectory as the demand for sustainable aviation solutions rises.
The company’s latest funding round will accelerate its R&D efforts, allowing for a faster scale-up of operations and the development of innovative propulsion systems. The iEPU’s versatile design aims to reduce time to market for drone and air mobility manufacturers, facilitating quicker deployment and wider adoption across the industry.
Summary:
- Nautical Wings Aerospace raised an undisclosed pre-Series A round to scale its R&D and operations.
- The company’s iEPU is a flexible, plug-and-play solution for OEMs, designed to meet rising demand for electric propulsion.
- The global electric aircraft propulsion market is expected to grow at a CAGR of 15.3%, positioning Nautical Wings for significant growth.