Noida-based UAV manufacturing startup Raphe mPhibr, fresh off the heels of its drones' participation in Operation Sindoor, has secured $100 million in a Series B funding round led by General Catalyst. This latest investment brings the total funds raised by the company to $145 million, marking the largest-ever fundraise by an Indian aerospace manufacturing firm.
The company intends to use the funds to significantly increase its research and manufacturing capabilities. According to Raphe mPhibr CEO Vivek Mishra, a strong ecosystem for design, development, and manufacturing is key to surpassing China in drone technology and market share. He highlighted that the company's vision from day one was to establish robust research and manufacturing capabilities within India.
Operation Sindoor, during which Raphe mPhibr's drones were deployed and reportedly fired missiles at Pakistani targets, has significantly boosted interest in the company's products. The Indian Army, for instance, has already placed an order for 450 suicide drones from a competitor and is expected to procure more from Raphe mPhibr in the future. This surge in demand underscores the growing importance of UAVs in modern warfare and India's increasing reliance on domestic drone manufacturing.
The clashes between India and Pakistan in May saw the large-scale deployment of UAVs by both sides, marking the first time such technology was used so extensively. This shift towards unmanned aerial vehicles reflects a broader trend in modern warfare, where countries seek to demonstrate aerial prowess while minimizing risks to pilots and expensive fighter jets.
In light of these developments, India is planning substantial investments in its local drone-making industry. Recent reports suggest that New Delhi could spend up to $470 million on UAVs in the next 12 to 24 months, nearly three times the pre-conflict levels. This commitment is further supported by the Indian military's allocation of emergency procurement funds, some of which will be directed towards acquiring combat and surveillance drones.
Vivek Mishra noted that the recent success and funding are attracting Indian engineers and scientists, including those returning from the US and Europe, as well as welcoming contributions from individuals worldwide. He emphasized that the influx of talent is crucial for fostering innovation and maintaining a competitive edge in the global drone market.
Analysts predict that both India and Pakistan will continue to increase their reliance on UAVs due to their ability to strike targets without triggering uncontrollable escalation. Pakistan, in particular, is looking to strengthen its drone capabilities through collaborations with China and Türkiye, focusing on research and production.
