Lohia Aerospace Secures $11.14M Funding for Advanced Composite Manufacturing

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AuthorAnanya Iyer|Published at:
Lohia Aerospace Secures $11.14M Funding for Advanced Composite Manufacturing
Overview

Lohia Aerospace Systems has raised approximately $11.14 million in a Series A funding round from Singularity AMC, securing a 16.69% stake. The company specializes in advanced composite products for aerospace, defense, and automotive sectors. TT&A advised Lohia Aerospace Systems, while Trilegal represented Singularity AMC.

Funding Round Details

Lohia Aerospace Systems Private Limited has successfully raised approximately $11.14 million through a Series A funding round. Singularity AMC is the investor, subscribing to Series A Compulsorily Convertible Preference Shares (CCPS). This transaction grants Singularity AMC an aggregate stake of 16.69% in the company, executed across two tranches.

Company Focus

The company is a specialist in the design and manufacture of advanced composite products. Its core business involves producing aerostructures, subassemblies, and Unmanned Aerial Vehicle (UAV) systems. Lohia Aerospace Systems utilizes high-performance materials such as carbon fiber to create these sophisticated components for demanding sectors.

Legal Counsel

Legal advisory services for Lohia Aerospace Systems during this fundraise were provided by TT&A. The transaction team from TT&A included partners Gautam Saha and Shivranjani Ralawata, alongside senior associate Prerna Raturi. Singularity AMC received legal counsel from Trilegal for the transaction.

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