Defence startup Tzar Aerospace raises USD 15 Bn

Tzar Aerospace Research Labs, the brainchild of Priyam Mohanty, is a registered startup company known for providing modern and innovative aerospace solutions to commercial and civil customers. Tzar Aerospace’s primary business project is to design and develop a conceptual unmanned hypersonic research aircraft using novel computational approaches and methods.

“It’s a matter of tremendous pleasure and great pride for us that we have successfully marked our presence in the field of the aerospace market. Our startup has been very successful in establishing the trust among its clients and because of this trust recently we have raised USD 15 billion for 37 per cent private equity from leading Singapore based companies, Dreamvision Overseas,” said Priyam Mohanty, Founder of Tzar Aerospace.

Startup India is a government initiative that aims to promote startups, create new job opportunities, and strengthen India. Tzar Aerospace has been working on projects such as Swachh Bharat, renewable energy, drone manufacturing, aerospace engineering, biochemical and robot technology, and so on.

An MoU has also been signed between Tzar Aerospace Research Labs and CTTC, Bhubaneswar to explore and execute technology development and find the best possible solutions by incorporating their respective domain expertise. CTTC’s cutting-edge facilities will be used for the design and manufacture of high precision components and assemblies as part of this significant collaboration.

This joint aerospace startup hub will serve as a resource for young innovators and startup hopefuls. It will provide a strong and vast platform for all young technology aspirants. Furthermore, through its Business Incubation Centre, this joint venture will provide all technical support, and new job opportunities for young engineers will be created.

Related posts

Leave a Comment