The Indian aerospace manufacturing landscape has received a notable boost with Axirium Aerospace successfully closing its $3.5 million seed funding round. The investment was jointly led by Shastra VC and BEENEXT, with additional participation from prominent angel investors Ashish Gupta, former Managing Director and Co-founder of Helion Advisors, and PVS Raju, Vice Chairman of AIG Hospitals.
Established in 2025, Axirium Aerospace represents the entrepreneurial vision of three industry veterans. Nishant Khurana serves as Chief Executive Officer, Neeraj Agarwal as Chief Business Officer, and Piyush Agarwal as Chief Commercial Officer. The founding team collectively brings more than 15 years of domain excellence from their experience at TASL, positioning them strategically to address the evolving demands of global aerospace supply chains.
Comprehensive Manufacturing Capabilities and Technological Excellence
The company has established itself in the aerospace component manufacturing sector through its specialized service portfolio. Axirium’s core competencies encompass precision machining, sheet metal fabrication, tubing operations, and the production of structural sub assemblies.
These capabilities are supported by digital manufacturing technologies, lean operational principles, and a quality first approach. The company’s methodology integrates digital manufacturing with Six Sigma principles and lean processes, enabling achievement of world class precision standards. This technological foundation positions Axirium to meet stringent international aerospace industry requirements.
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Growth Strategy and Market Expansion Plans
The newly secured capital will be deployed to enhance precision manufacturing capabilities, expand engineering, quality, and operations teams, and establish a production facility. Additionally, the funds will strengthen supplier networks and expand global customer reach while preparing the company for future Tier 1 and Tier 2 partnerships.
According to Vasant Rao, Managing Partner at Shastra VC, global aerospace supply chains are undergoing significant shifts, with India expected to gain substantial market share due to numerous advantages. The organization is developing a fully integrated global supply chain to deliver faster, more predictable, and highly consistent production for customers worldwide, strengthening India’s position in the international aerospace manufacturing ecosystem.
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