Nautical Wings Aerospace, a company specializing in electric propulsion technology for the aviation industry, has raised pre-Series A funding from Venture Catalysts and 1Crowd for an undisclosed amount. The funds will be used to enhance R&D efforts, expand the team of expert engineers, and scale operations to meet the increasing global demand for electric propulsion solutions in aviation.
Founded in 2020 by Shiv Varun Singh Rajput, Praveen T, and Vikas Kamath, Nautical Wings Aerospace develops customized propulsion solutions for OEMs worldwide. The company’s flagship product, the Integrated Electric Propulsion Unit (iEPU), is designed as a turnkey solution to simplify adoption for drone manufacturers and air mobility companies. Operating on a B2B model, Nautical Wings provides enterprise hardware technology to aircraft OEMs.
The electric aircraft propulsion market is projected to grow significantly, with a CAGR of 15.3%, expanding from $6.5 billion in 2022 to $20.3 billion by 2030, offering substantial opportunities for Nautical Wings Aerospace. The iEPU features a plug-and-play design for seamless integration across various aircraft, catering to specific client needs and streamlining the development process for drone and air mobility manufacturers, accelerating their time-to-market.