Aviotron Aerospace, an EdTech company that specializes in developing and manufacturing aerospace technology, has recently announced that it has raised $600,000 (INR 4.96 crore) as part of its pre-Series A round from Enrission India Capital, one of Japan’s most prominent venture capital firms. The funding round values the startup at a post-money valuation of INR 70 Cr. 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, thereby enhancing their learning experiences.
Aviotron Aerospace is a B2B EdTech firm founded in 2019 by Vaishnav C, Ashish Kumawat, Neha Chauhan, and Nitin Choyal. The platform aims to empower youth with 21st-century skills such as creativity, innovation, problem-solving, and focus. Aviotron Aerospace is dedicated to providing STEAM-based experiential learning solutions for K-12 students, covering trending technologies like Aerospace, Space-Ed, Design Thinking, and beyond. The company offers a range of products and services, including avionics, sensors, intercommunication systems, and testing and certification services. It is a global company focusing on innovation and operational excellence. Its notable customers include the Aerospace Defense International Association, the Space Technology Mission Directorate, and Tauri Drilling Systems.
The startup claims to have partnered with 65 schools in 15 states and currently caters to around 20,000 students. It aims to expand to schools across 28 states by the end of 2024. It customizes its programme for schools at INR 8,500 per student annually. Additionally, the company asserts it generates an average income ranging from INR 25 Lakhs to INR 30 Lakhs from each school.
Since its inception, Aviotron’s flagship product, AeroBay, initially launched in Jaipur, Rajasthan, has rapidly gained traction. AeroBay is used by vital educational hubs such as Noida, Jaipur, and Nagpur.
The organization’s robust financial performance is a testament to its success. It generated INR 50 Lakh in profit on INR 5 Cr in revenue in 2023, and it plans to make INR 45 Cr in revenue by 2024. With signed contracts and significant growth plans, including a five-year minimum term for these agreements, Aviotron Aerospace is well-positioned to expand its offerings in more than 100 schools, further solidifying its stability and growth potential.
Aviotron Aerospace, in 2022, raised INR 2 crore in seed funding from undisclosed angel investors at a valuation of INR 12 crore.
