# MaharashtraDefence and Aerospace Venture Fund

> MaharashtraDefence and Aerospace Venture Fund is a VC fund backing Aerospace and Oil and Gas. See 3 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Total investments: 3
- Last investment: Feb 2022
- Lead investor: 100%
- Last updated: Aug 2026

MaharashtraDefence and Aerospace Venture Fund is a VC fund focused on Aerospace and Oil and Gas.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Aerospace | 1 | 33% |
| Oil and Gas | 1 | 33% |
| Virtual Reality | 1 | 33% |
| Augmented Reality | 1 | 33% |

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 2 | 67% |
| Pre-Seed | 1 | 33% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| India | 2 | 67% |
| United Arab Emirates | 1 | 33% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Aman Aviation & Aerospace Solutions | Aman Aviation & Aerospace Solutions is a DGCA (India) CAR 145 M.R.O company. Aman Aviation specializes in UAS based Civil and Defence solutions |  | Pre-Seed | Feb 22, 2022 |  |
| AjnaLens | AjnaLens develops AR/VR wearables primarily for the Defence, Education and enterprise customers. They have 3 wearables currently :AjnaLite - is a standalone wireless headset with both seethrough AR + VR capabilities.AjnaBolt - is a military-grade AR headset currently deployed in Indian Armed Forces.AjnaOne - enterprise AR/MRGlasses. Set to be released in early 2020. | $1.5M | Seed | Feb 27, 2020 |  |
| Atom Alloys | Atom Alloys is a company in the fuel industry focused on improving safety through explosion prevention technologies, especially in the fuel storage sector. It provides customized solutions to reduce the risks linked to hydrocarbon fuels, tackling crucial safety challenges in transportation and delivery. Atom Alloys works to elevate industry safetystandards and is dedicated to safeguarding businesses and communities from potential dangers. |  | Seed |  |  |

3 of 3 investments shown.

## Co-investors
- [Mohsin Haider Darwish](https://shizune.co/investors/profile/mohsin-haider-darwish) — VC Fund, 1 deal together
- [Thirteen Initiatives](https://shizune.co/investors/profile/thirteen-initiatives) — VC Fund, 1 deal together

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## FAQ

### What does MaharashtraDefence and Aerospace Venture Fund invest in?

MaharashtraDefence and Aerospace Venture Fund invests primarily in Aerospace, Oil and Gas and Virtual Reality startups, most often at Seed and Pre-Seed stage. Most of the 3 investments tracked by Shizune back companies in India. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did MaharashtraDefence and Aerospace Venture Fund last invest?

The most recent investment recorded for MaharashtraDefence and Aerospace Venture Fund closed in Feb 2022. Shizune tracks 3 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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