In a landmark development for India's aerospace and defense sector, Noida-based drone startup Raphe mPhibr has raised $100 million in a funding round led by General Catalyst, marking the largest private fundraise in the country's drone industry to date. This significant investment highlights the growing global demand for unmanned aerial vehicles (UAVs) and positions Raphe mPhibr as a key player in the market.
The funding comes on the heels of the startup's notable contribution to Operation Sindoor, a battlefield operation that showcased the effectiveness of its drone technology. With this fresh capital, Raphe mPhibr plans to scale up its production capabilities and invest heavily in indigenous research and development (R&D) to meet the rising needs of the defense sector.
India is currently eyeing a $470 million drone procurement drive, and Raphe mPhibr aims to play a pivotal role in this initiative by enhancing its manufacturing and innovation hubs. The company is focused on creating cutting-edge UAVs for military applications, including border surveillance and battlefield operations.
This funding round also saw participation from existing investors, further strengthening the startup's financial backbone. The total funding raised by Raphe mPhibr now stands at $145 million, underscoring investor confidence in its vision to boost India's self-reliance in aerospace technology.
The investment aligns with the broader trend of increasing demand for drones in defense and security applications worldwide. Raphe mPhibr's efforts to expand its R&D and local production capabilities are expected to contribute significantly to India's position in the global drone market.
As the startup continues to innovate and grow, industry experts believe this funding will accelerate India's journey toward becoming a hub for advanced drone technology, with Raphe mPhibr leading the charge in transforming the defense landscape.
Maria Lourdes
