Hyderabad-based Raghu Vamsi Aerospace Group (RVAG) has raised $40 million in a funding round led by Norwest Capital and Skegen Asset Management, the company announced. The round also included participation from Indus Bridge Ventures, GJNX Ventures, and investor Ashish Kacholia. The fresh capital will support expansion of RVAG’s manufacturing capacity in India, the UK, and the US, and accelerate development of its integrated manufacturing campus near Hyderabad International Airport, according to inc42.com.
Founded over two decades ago, RVAG produces precision aerospace components and sub-assemblies for global firms such as GE Aerospace, Collins Aerospace, Honeywell, and Safran. The company also supplies parts to energy sector companies including Baker Hughes, Halliburton, SLB, and GE. RVAG plans to use the funds to strengthen its mission systems and deeptech businesses, which include micro turbojet engines, aircraft hydraulic pumps, and missile subsystems. Its ARROBOT platform focuses on drone and unmanned ground vehicle technologies for defence applications, inc42.com reported.
RVAG operates more than 10 manufacturing facilities across India, the UK, and the US, employing over 1,200 people. It collaborates with institutions such as the IITs, IIITs, ARCI, ADA, and DRDO on aerospace and defence technologies. The company currently holds an order book exceeding ₹2,500 crore, underscoring its significant presence in the aerospace and defence manufacturing sector. This funding round positions RVAG to expand its footprint amid growing demand for precision components in global aerospace and energy markets, according to inc42.com.
RVAG’s integrated manufacturing campus at Hardware Park near Hyderabad International Airport is a key focus for the new capital infusion. The company aims to enhance its production capabilities and accelerate product development in aerospace and defence segments. The $40 million funding round led by Norwest Capital and Skegen Asset Management marks a major milestone in RVAG’s growth trajectory, inc42.com stated.