Business · India Bureau
DheyaTech secures ₹43 crore funding to ramp up turbine engine production
The propulsion technology company has raised capital led by Avaana Capital to expand its manufacturing capabilities and accelerate commercialisation of its small gas turbine engines across India and the region.
LSN India ·
DheyaTech has secured ₹43 crore in funding to scale up production of its small gas turbine engines, marking a significant milestone for the Indian propulsion technology company. The funding round was led by Avaana Capital, signalling investor confidence in the startup's engineering capabilities and market potential.
The capital infusion will enable DheyaTech to expand its manufacturing infrastructure and establish an integrated testing facility. These investments are critical for increasing output capacity and ensuring quality assurance as the company seeks to meet growing demand for advanced propulsion solutions.
With the new funding, DheyaTech plans to accelerate the deployment and commercialisation of its propulsion technologies across diverse applications. The company's small gas turbine engines are positioned to serve multiple sectors requiring efficient, compact power generation solutions.
The funding reflects broader investor interest in deep-tech manufacturing and advanced engineering ventures in India. DheyaTech joins a growing number of Indian companies developing indigenous propulsion and energy technologies, reducing reliance on imports and strengthening the domestic industrial base.