BluJ Aero, an Indian electric vertical takeoff and landing eVTOL startup, has secured $2.25 million in seed funding. The funding round was led by Endiya Partners and included investments from Inflection Point Ventures, Good Capital, and several angel investors.
With the newly raised capital, BluJ Aero aims to focus on the development of its affordable and efficient eVTOL aircraft. The company plans to allocate funds towards expanding its team and enhancing its manufacturing capabilities.
Headquartered in Hyderabad, India, BluJ Aero was established in 2022 by Dharmapuri Utham Kumar and Maruthi Amardeep Srivatsavaya. The company is among several emerging eVTOL startups in India, taking advantage of the country’s growing market for air taxis. BluJ Aero is well-positioned to tap into this promising opportunity.
Here are some of the key details of the funding round:
- Investors: Endiya Partners, Inflection Point Ventures, Good Capital, and angel investors
- Amount: $2.25 million
- Use of funds: To develop eVTOL aircraft, expand team, and build out manufacturing capabilities
- Headquarters: Hyderabad, India
- Founded: 2022
- Founders: Dharmapuri Utham Kumar and Maruthi Amardeep Srivatsavaya
