JIOS AEROGEL HOLDINGS PTE LTD. announced that it has entered into a share subscription agreement with new investor Megachem Limited to receive $3 million in a round of funding on September 13, 2023. The transaction will include participation from new investor Megachem Limited who will provide $1 million for 0.79% stake and Megachem (Thailand) Public Company Limited who will provide $2 million for 1.59% stake in the company.