DheyaTech Raises ₹43 Crore Seed Round Led by Avaana Capital for Micro Gas Turbine Engines

DheyaTech Secures Seed Funding to Scale Indigenous Micro Gas Turbine Engines

DheyaTech, also known as Dheya Engineering Technologies, has raised a Seed round of ₹43 crore (INR 430,000,000). The round was led by Avaana Capital, with participation from Unimech Aerospace and Manufacturing. The funding was announced on September 17, 2026.

What DheyaTech Does

DheyaTech is a Bengaluru-based deep-tech company founded in 2018. It develops indigenous micro gas turbine engines spanning 20–400 kgf of thrust. These engines are designed for advanced aerial mobility, defence, and energy applications.

The company's founding team consists of former GE Aviation and Rolls-Royce aerospace engineers. DheyaTech builds fuel-flexible and hydrogen-capable propulsion and power systems.

Commercial Traction and Flight Trials

DheyaTech's engines are entering commercial deployment with confirmed orders from Indian and global OEMs. Flight trials are targeted for the fourth quarter of 2026.

Funding Details

• Round type: Seed
• Amount: ₹43 crore (INR 430,000,000)
• Date: September 17, 2026
• Lead investor: Avaana Capital
• Other investors: Unimech Aerospace and Manufacturing

Why This Matters for Acquisition Watchers

The seed investment positions DheyaTech to advance its micro gas turbine technology at a time when demand for advanced aerial mobility and defence propulsion is growing. With confirmed orders and flight trials on the horizon, the company is moving from development toward commercial deployment. The involvement of Avaana Capital and Unimech Aerospace and Manufacturing signals early confidence in DheyaTech's engineering approach and its potential to serve both Indian and global markets.

For potential acquirers or strategic partners, DheyaTech offers a rare combination: an experienced founding team from major aerospace engine makers, a product line covering a wide thrust range, and fuel-flexible, hydrogen-capable designs that align with broader energy transition trends. The company's focus on indigenous development could also make it an attractive asset for those looking to strengthen domestic supply chains in aerospace and defence.

As DheyaTech moves toward flight trials in Q4 2026, its progress will be worth monitoring for anyone tracking deep-tech propulsion and power systems.