Dronetech Startup Raphe mPhibr Secures $100 Mn

Noida-based drone startup Raphe mPhibr has raised $100 Mn (around INR 857 Cr) in a funding round led by General Catalyst, marking the largest private capital raise in the country’s aerospace manufacturing sector to date.

The round also saw participation from Think Investments, angel investor Amal Parikh and a host of family offices.

“This funding is more than capital. It is a commitment; one we’ve upheld for nearly a decade now,” Raphe mPhibr said in a LinkedIn post.

The startup plans to use the fresh capital in innovation and build solutions in India “for those who protect it, and beyond.”

Founded in 2017 by Vikash Mishra, Vivek Mishra and Nitin Katiyar, Raphe mPhibr is an aerospace startup designing and manufacturing comprehensive and customised UAV (Unmanned Aerial Vehicle) solutions.

It has tested its UAVs across terrains and weather conditions that have traveled more than 1 Mn Km across India since 2017.

The startup claims to have manufactured close to 1900 UAVs and 25 projects are going on as of now.

(The story will be updated soon)

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