Raghu Vamsi Aerospace Group raises $40 million to expand deep-tech manufacturing

Hyderabad-based Raghu Vamsi Aerospace Group has raised $40 million in a funding round led by Norwest and Skegen Asset Management. The company will use the funds to expand manufacturing, develop a new campus, and strengthen aerospace, defence, and deep-tech businesses.

Hyderabad: Raghu Vamsi Aerospace Group (RVAG), the Hyderabad-headquartered precision manufacturing and deep-tech company, on Monday announced that it has raised 40 million (approximately Rs 400 crore) in its latest funding round.

The round was led by Norwest and Skegen Asset Management, with participation from Indus Bridge Ventures, GJNX Ventures, and noted investor Ashish Kacholia.

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The capital will be used to expand manufacturing capacity across the Group’s facilities in India, the UK and the USA; accelerate development of its upcoming integrated manufacturing campus at Hardware Park near Hyderabad International Airport; and strengthen its Mission Systems and Deep-Tech & Autonomous Systems businesses, a press release said.

“The investment is a strong vote of confidence in what our team has built over the last two decades, a fully integrated, home-grown manufacturing platform that global aerospace, defence and energy leaders trust with mission-critical work,” said Vamsi Vikas, MD, Raghu Vamsi Aerospace Group.

“This round strengthens our ability to invest in our people, our technology and our talent pipeline as we prepare for the next phase of scale,” added Siva Arvinth, CEO of Raghu Vamsi Aerospace Group.