Funding · Government, Defense & Space
Raghu Vamsi Aerospace raises $40M from Norwest and Skegen
By Startup Enthusiast ·
- Date
- Company
- Raghu Vamsi Aerospace Group
- What it does
- Precision manufacturing and deep-tech company
- Kind
- Funding
- Amount
- $40M
- Based in
- Hyderabad
- Founded
- 2000
What they do
Raghu Vamsi Aerospace makes precision components for aerospace, defence and energy sectors
What happened
It raised $40M led by Norwest and Skegen Asset Management, with Indus Bridge, GJNX and Ashish Kacholia participating
Why it matters
The funds will expand manufacturing in India, UK and USA and strengthen deep-tech and autonomous systems
The details
- Raghu Vamsi Aerospace Group raised $40M (about ₹400 Cr) in a funding round.
- The round was led by Norwest Venture Partners and Skegen Asset Management.
- Indus Bridge Ventures, GJNX Ventures and Ashish Kacholia also participated.
- The company will use the funds to expand manufacturing capacity in India, the UK and the USA.
- It will accelerate its integrated manufacturing campus at Hardware Park near Hyderabad International Airport.
- It will also strengthen its Mission Systems, Deep-Tech and Autonomous Systems businesses.
The bigger picture
- Advanced hardware and tech startups raised $365M across 66 deals in H1 2026, with deal activity up 53% year-on-year and funding up 18%.
- 61% of institutional investors said the India Semiconductor Mission (ISM 2.0) influenced their deeptech/hardware investment thesis.
- Recent listings of Aequs and SEDEMAC Mechatronics, and Skyroot Aerospace raising $60M at unicorn valuation, show strong market momentum.
About the business
- Raghu Vamsi Aerospace is a Hyderabad-headquartered precision manufacturing and deep-tech company.
- It serves the global aerospace, defence and energy sectors.
- It makes precision aero-engine components and sub-assemblies for OEMs like GE Aerospace, Collins Aerospace, Honeywell, Boeing, Safran and Pratt & Whitney.
- Its energy customers include Baker Hughes, Halliburton, SLB and GE.
- It offers end-to-end aerospace manufacturing under one roof: design, engineering, manufacturing, testing and assembly.
- Capabilities include CNC machining, sheet metal fabrication, composites, electronics, software, gears, fasteners and NADCAP-approved special processes.
- Its Mission Systems vertical develops micro turbojet engines, aircraft hydraulic pumps and missile subsystems for defence programmes.
- Its Deep-Tech vertical uses the ARROBOT platform to advance drone technologies (IC and Jet based) and unmanned ground vehicles for India's armed forces.
- The company has over 1,200 employees and over 10 facilities across India, the UK and the USA.
- Its order book exceeds ₹2,500 Cr.
What happens next
- Expand manufacturing capacity in India, UK and USA.
- Accelerate the integrated manufacturing campus at Hardware Park near Hyderabad International Airport.
- Strengthen Mission Systems, Deep-Tech and Autonomous Systems businesses.
The deal
- Type
- funding
Investors
- Norwest Venture Partners (lead) — A global venture capital firm.
- Skegen Asset Management (lead) — An asset management firm.
- Indus Bridge Ventures (participated)
- GJNX Ventures (participated)
- Ashish Kacholia (participated) — An individual investor.
Founders
- Sri G. Thrimurthulu, Founder (late)
About Raghu Vamsi Aerospace Group
- Product
- Precision engineered aerospace and defence components, propulsion systems and autonomous systems
- Customers
- Global aerospace OEMs, defence agencies and energy companies requiring precision components
- How it makes money
- Contract manufacturing for aerospace and defence with proprietary design and development capabilities
- What sets it apart
- Multi-capability manufacturing including composites, machining, electronics and integrated assembly
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