Axirium Aerospace has raised USD 3.5 Mn in seed funding led by Shastra VC and BEENEXT, with participation from angel investors including Ashish Gupta (Ex-MD & Co-founder, Helion Advisors) and PVS Raju (Vice Chairman, AIG Hospitals). The investment will support Axirium in building advanced precision-manufacturing capabilities, expanding engineering talent, and establishing its first state-of-the-art production facility.

Axirium Aerospace founders Nishant Khurana (Chief Executive Officer), Neeraj Agarwal (Chief Business Officer), and Piyush Agarwal (Chief Commercial Officer) come with decades of leadership experience across aerospace programs, multi-billion-dollar order books, and large-scale operations. The founding team had previously played an instrumental role in the growth and evolution of Tata Advanced Systems Limited (TASL) as the leading private sector aerospace company. Their deep understanding of precision manufacturing, global supply chain requirements, and customer intimacy is now shaping Axirium’s mission to build a globally trusted aerospace partner in India.

The company’s capabilities span precision machining, sheet-metal fabrication, tubing, and structural sub-assemblies, all supported by digital manufacturing processes, lean operations, and a quality-first culture. The company is building end-to-end global supply chain ownership to ensure faster lead times, predictable delivery, and high-repeatability production for customers worldwide.

The funds will be used to build Axirium’s first precision-manufacturing facility, expand its engineering, quality, and operations teams, strengthen its supplier ecosystems and global customer outreach, and lay the foundation for future Tier-1 and Tier-2 partnerships.

Commenting on the fundraise, Nishant Khurana, Co-founder & CEO of Axirium Aerospace, stated, “At Axirium, our mission is to build world-class precision capabilities that not only meet global standards but redefine them. We are committed to becoming the partner of choice for our customers by consistently delivering precision, reliability, and value. This fundraise will enable us to expand capacity, deepen our engineering and manufacturing excellence, and build long-term partnerships that strengthen global supply chains.

India’s aerospace and defence ecosystem is undergoing a meaningful shift, driven by rising global demand for alternate production locations, growing capability gaps across Western manufacturing bases, and the need for high-precision, cost-competitive suppliers. These trends are accelerating opportunities for Indian companies that can deliver consistent quality at scale. According to Grand View Research, the India Aerospace Parts Manufacturing Market was valued at USD 13.6 billion in 2023 and is projected to reach USD 21.48 billion by 2030.

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“Global aerospace supply chains are undergoing seismic shifts, with India expected to see an outsized market share gain due to numerous advantages. The founding team’s 15+ years of domain excellence at TASL, coupled with its cutting-edge digital precision manufacturing capabilities, position Axirium very well to spearhead this change,” commented Vasant Rao, Managing Partner at Shastra VC.

Commenting on the fundraise, Anirudh Garg, Partner at BEENEXT, says, “Axirium’s strong foundation in precision manufacturing and commitment to operational excellence position them uniquely to redefine the global aerospace ecosystem. Their disciplined approach, powered by lean processes, Six Sigma principles, and digital manufacturing, has enabled them to achieve world-class precision from the outset. We are excited to partner with the team as they scale their capabilities and build a globally trusted brand in aerospace engineering.”

Axirium Aerospace aims to become a preferred partner for global & Indian customers by delivering on-time, zero-defect components and building capabilities that elevate India’s standing as a reliable hub for global aerospace manufacturing.