The partnership aims to develop indigenous defence technologies, combining expertise in semiconductors, electro-optics and unmanned systems to strengthen capabilities and exports.
Fresh funds will be deployed to expand product portfolio, scale manufacturing, strengthen distribution, and accelerate domestic and international market growth.
Several global investors, including TPG SG Magazine Pte. Ltd, Seventy Second Investment Company LLC, Ammar Sdn Bhd, Novo Holdings Invest Asia A/S, and Phoenix Bear Investments, LLC, will also offload shares as part of the offering.
The initiative will support 100 community projects on skills, businesses, sustainability, offering up to INR 14 lakh funding to eligible organisations and groups.
The company recently announced its entry into space technology and drone manufacturing, marking a strategic diversification beyond its core avionics business.
The round also saw participation from Inflection Point Ventures, LetsVenture, FE Securities, along with existing investors Venture Catalysts and Lead Angels.
For one project leader, a key turning point came when he moved from consulting into a new market with limited data, uncertainty, and little room for error.
Government has been trying to ensure that the supply of petrol, diesel and gas is not affected much and common families of the country face minimum inconvenience: PM
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