Nautical Wings Aerospace Raises Pre-Series A Funding from Venture Catalysts and 1Crowd

Nautical Wings Aerospace, an innovative company focused on electric propulsion technology for aviation, has secured its pre-Series A funding from Venture Catalysts and 1Crowd, though the amount remains undisclosed. The funding will support the company's efforts in research and development (R&D), expanding its team of skilled engineers, and scaling its operations to meet the growing global demand for electric propulsion solutions. Founded in 2020 by Shiv Varun Singh Rajput, Praveen T, and Vikas Kamath, Nautical Wings specializes in providing customized propulsion solutions for Original Equipment Manufacturers (OEMs) around the world. Its flagship product, the Integrated Electric Propulsion Unit (iEPU), is a turnkey solution aimed at simplifying the adoption of electric propulsion technology for drone makers and air mobility companies. Operating under a B2B model, the company offers enterprise-grade hardware for aircraft OEMs.Co-founder and CTO Praveen T emphasized the iEPU’s plug-and-play nature, which provides drone manufacturers and air mobility firms with a customizable and easy-to-integrate solution. This will help accelerate their products' time to market, fostering greater innovation in the aviation industry.Nautical Wings is entering a fast-growing market. Research indicates that the electric aircraft propulsion market, valued at $6.5 billion in 2022, is expected to grow at a CAGR of 15.3%, reaching $20.3 billion by 2030. The company aims to capture a significant portion of this expanding market with the iEPU, designed to meet OEMs’ specific requirements and promote the wider adoption of electric propulsion in aviation.