Aviotron Aerospace has recently raised $600,000 (Rs 4.96 crore) as part of its pre-Series A round from Enrission India Capital, a Venture Capital firm in Japan. The funding round values the startup at a post-money valuation of Rs 70 crore.
With the fresh funding, the Noida-based startup is poised to expand its footprint, bringing innovative STEAM-based experiential learning solutions to more students and schools across India.
Founded in 2019 by Vaishnav C, Ashish Kumawat, Neha Chauhan and Nitin Choyal, the platform aims to empower youth with the 21st-century skills such as creativity, innovation, problem-solving and focus.
Since its inception, Aviotron’s flagship product, AeroBay, initially launched in Jaipur, Rajasthan, has gained traction. AeroBay is used by vital educational hubs such as Noida, Jaipur and Nagpur.
The company generated Rs 50 lakh in profit on Rs 5 crore in revenue in 2023, and it plans to make Rs 45 crore in revenue by 2024. With signed contracts and significant growth plans, including a five-year minimum term for these agreements, Aviotron Aerospace is positioned to expand its offerings in more than 100 schools, further solidifying its stability and growth potential.
In 2022, the company raised Rs 2 crore in seed funding from undisclosed angel investors at a valuation of Rs 12 crore.