Axirium Aerospace Raises $3.5 Million to Boost Precision Manufacturing Capacity
- Axirium Aerospace raises $3.5 Million in seed funding to expand manufacturing capabilities
- Funds will support a new precision-engineering facility and key talent hiring
- Startup targets global aerospace demand with Make in India-driven manufacturing
Hyderabad-based Axirium Aerospace has raised $3.5 Million (over INR 31 Cr) in its seed round led by Shastra VC and BEENEXT, with participation from prominent angel investors such as Helion Advisors cofounder Ashish Gupta and AIG Hospitals vice chairman PVS Raju.
The startup said the new capital will be used to set up an advanced precision-manufacturing facility and strengthen its engineering capabilities. A portion of the funds will also go toward hiring talent across key functions.
Nishant Khurana, Co-Founder and CEO, said, the investment will help Axirium scale its operations, expand capacity, and build long-term partnerships that support global aerospace supply chains.
Founded in 2025 by former Tata Advanced Systems Ltd (TASL) executives Nishant Khurana, Neeraj Agarwal, and Piyush Agarwal, Axirium manufactures high-precision metal parts and small assemblies used in aircraft. The company shapes and produces components for major global aerospace manufacturers and their suppliers.
Axirium claims to have delivered over 1 Mn parts annually, serving more than 200 customers, including both Indian and global OEMs in commercial and defense aerospace. The founders bring a combined experience of over 45 years, having previously managed $300 Mn in annual procurement and secured more than $3 Bn in order books.
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The company operates in a competitive space that includes Jeh Aerospace, another startup led by ex-TASL executives, which has raised more than INR 100 Cr and specialises in aero-engine and aero-structure components.
With the Indian government pushing Make in India and global aerospace demand rising, the sector presents a major opportunity. The global aerospace components market is projected to grow from $935.4 Bn in 2023 to $1,290.07 Bn by 2031 at a 4.1% CAGR.
