Axirium Aerospace raises $3.5 Mn in seed round

Axirium Aerospace has raised $3.5 million in a seed round 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). 

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Axirium was founded by industry veterans Nishant Khurana (CEO), Neeraj Agarwal (CBO) and Piyush Agarwal (CCO), who previously played key roles in scaling Tata Advanced Systems Limited (TASL). Their experience in managing multi-billion-dollar aerospace programs and large-scale operations forms the foundation of Axirium’s strategy to build a globally trusted manufacturing partner from India.

The company’s capabilities include precision machining, sheet-metal fabrication, tubing and structural sub-assemblies, supported by digital manufacturing processes, lean operations and a quality-first culture. Axirium aims to offer faster lead times, predictable delivery and repeatability for global aerospace OEMs and tier-I suppliers.

“This fundraise will help us expand capacity, deepen engineering excellence, and build long-term global partnerships,” said Khurana.

Investors said Axirium is well-positioned to benefit from the shift toward India as an alternate production hub, amid supply chain realignments and capability gaps in Western markets. India’s aerospace parts manufacturing market stood at $13.6 billion in 2023 and is projected to reach $21.48 billion by 2030.