Axirium Aerospace has raised USD 3.5 million in seed funding to expand its precision manufacturing capabilities and establish its first production facility. The round was led by Shastra VC and BEENEXT, with participation from angel investors Ashish Gupta and PVS Raju. The company plans to use the capital to scale operations, strengthen engineering teams, and accelerate customer engagement in the aerospace sector.
The funding will support the development of Axirium’s inaugural manufacturing unit, which will focus on precision machining, sheet-metal fabrication, tubing, and structural sub-assemblies. The company aims to implement digital manufacturing systems and lean processes to improve productivity and reduce lead times. “This fundraiser will enable us to expand capacity, deepen our engineering and manufacturing excellence, and build long-term partnerships that strengthen global supply chains,” said Nishant Khurana, Co-founder and Chief Executive Officer of Axirium Aerospace.
Axirium’s founding team, comprising Khurana, Neeraj Agarwal, and Piyush Agarwal, previously held leadership roles at Tata Advanced Systems Limited. Their background in precision engineering and global aerospace supply chains forms the basis for the company’s objective of building a dependable manufacturing platform for both Indian and international customers. The investment will also help strengthen Axirium’s supplier ecosystem and support the company’s plans to establish Tier-1 and Tier-2 relationships.
The aerospace manufacturing landscape in India is expanding as global companies look for alternative production locations. Demand for high-precision, cost-competitive suppliers is rising due to capability constraints in Western manufacturing hubs. India’s aerospace parts manufacturing market was valued at USD 13.6 billion in 2023 and is projected to reach USD 21.48 billion by 2030. “Global aerospace supply chains are undergoing seismic shifts, with India expected to see an outsized market share gain due to numerous advantages,” said Vasant Rao, Managing Partner at Shastra VC.
Investor interest has been driven by the company’s approach to operational discipline and digital manufacturing. BEENEXT Partner Anirudh Garg stated, “Their disciplined approach, powered by lean processes, Six Sigma principles, and digital manufacturing, has enabled them to achieve world-class precision from the outset.”
Axirium aims to offer consistently defect-free, on-time delivery for aerospace components across global and domestic markets. The company intends to position itself as a trusted partner to customers seeking precision, reliability, and competitive manufacturing cycles.
Axirium Aerospace focuses on advanced precision manufacturing for the aerospace sector, offering machining, fabrication, and assembly capabilities supported by digital production technologies.
