The record
Written from the 1 report below. Nothing here is unsourced.
- Hyderabad-based Raghu Vamsi Aerospace Group has raised $40 million (around ₹400 crore) in a funding round led by Norwest and Skegen Asset Management, with participation from Indus Bridge Ventures, GJNX Ventures and investor Ashish Kacholia.
- The company will use the funds to expand manufacturing capacity in India, the UK and the USA, develop its integrated manufacturing campus at Hardware Park near Hyderabad International Airport, and strengthen its mission systems and deep-tech businesses.
- RVAG employs over 1,200 people across 10 facilities in three countries and makes precision aero-engine components and sub-assemblies for global OEMs like GE Aerospace, Collins Aerospace, Honeywell and Safran, with an order book of more than ₹2,500 crore.
- It also develops micro turbojet engines, missile subsystems and drone technologies for India's defence programmes.
What to watch next
- Progress on the integrated manufacturing campus at Hardware Park near Hyderabad International Airport.
- Expansion of manufacturing capacity in the UK and USA facilities.
- Growth of the deep-tech vertical, including micro turbojet engines and the ARROBOT drone platform for India's armed forces.
Coverage1
1 report
English national1
All filed from India
Named India · United Kingdom · United States · Baker Hughes · Collins Aerospace · GE Aerospace · Halliburton · Hardware Park · Honeywell · Hyderabad International Airport · Safran · Ashish Kacholia · GJNX Ventures · Indus Bridge Ventures · Norwest
The 1 report is listed beside the record.
Ask this story
Answers cite the reports above, or say they can't.