Axirium Aerospace Raises $3.5 Million to Accelerate Precision Manufacturing and Build Its First Production Facility!
By Ashutosh Arora
Axirium Aerospace has secured US$3.5 million in seed funding, marking a major milestone in its mission to become a globally trusted precision-manufacturing partner for the aerospace industry. The round was led by Shastra VC and BEENEXT, with additional participation from prominent angel investors Ashish Gupta and PVS Raju. This investment will fuel Axirium’s expansion into a full-scale, state-of-the-art manufacturing facility while strengthening its engineering, operations, and supplier ecosystem.
Founded by industry veterans Nishant Khurana, Neeraj Agarwal and Piyush Agarwal — all of whom held key leadership roles at Tata Advanced Systems Ltd. — Axirium Aerospace is built on deep expertise in precision machining, sheet-metal fabrication, tubing, and structural sub-assemblies. With an emphasis on digital manufacturing and lean processes, the company aims to elevate India’s position within the global aerospace supply chain by delivering consistent, high-quality output at competitive costs.
The newly raised capital will support several strategic initiatives. First, it will accelerate the development of Axirium’s inaugural manufacturing facility, which is designed to bring together advanced precision-machining capabilities under one roof. This expansion will also be accompanied by a significant hiring push, especially across engineering and operations, to build a team capable of meeting stringent aerospace standards. Additionally, the investment will allow the company to reinforce its supplier network, improve turnaround times, and strengthen global customer relationships. Axirium plans to leverage these capabilities to establish strong Tier-1 and Tier-2 partnerships, enhancing production reliability for clients worldwide.
This growth comes at a pivotal time for India’s aerospace sector. The global supply chain landscape is undergoing rapid transformation, with many international OEMs seeking diversified, cost-efficient, and highly skilled manufacturing bases outside traditional Western markets. India, with its technical expertise and competitive manufacturing ecosystem, is positioned to benefit greatly from this shift. According to Grand View Research, the Indian Aerospace Parts Manufacturing Market — valued at US$13.6 billion in 2023 — is projected to reach US$21.48 billion by 2030, underscoring the vast opportunity ahead.
Speaking about the fundraising, Co-founder and CEO Nishant Khurana emphasized Axirium’s ambition to elevate precision standards across the industry. He noted that the investment would accelerate the company’s ability to build capacity, deepen manufacturing excellence, and strengthen global supply chains through long-term partnerships. Investors echoed this sentiment, highlighting the founding team’s experience, disciplined approach to quality, and strong alignment with emerging global trends in aerospace offshoring and advanced digital manufacturing.
Axirium Aerospace remains focused on its core commitment: delivering defect-free components on time, every time. By embedding world-class precision, lean operations, and advanced engineering into its foundation, the company aims to reinforce India’s standing as a reliable and competitive global hub for aerospace manufacturing.
