Indian Drone Startup Raphe mPhibr Raises $100 Million in Series B Funding
Indian drone startup Raphe mPhibr has recently secured $100 million in an all-equity Series B round led by General Catalyst. The funding will be utilized to enhance the company’s research and development efforts as well as expand its local production capabilities to meet the increasing demand for drones in military operations and border surveillance.
The Growing Significance of Drones in Military Operations
Drones have become a vital tool in modern military operations, with countries leveraging them for various purposes such as rapid infiltration and high-impact strikes. The recent conflict between India and Pakistan highlighted the significant role of drones in warfare, prompting New Delhi to triple its drone spending to $470 million over the next 12 to 14 months. Despite the presence of advanced fighter jets and missile systems, both countries deployed drones at a large scale during the conflict.
While China remains a dominant force in global drone manufacturing, Raphe mPhibr aims to strengthen India’s indigenous drone capabilities and cater to the specific needs of the Indian defense forces.
Raphe mPhibr’s Offerings and Customer Base
Co-founded by Vikash Mishra (chairman) and Vivek Mishra (CEO) in 2017, Raphe mPhibr currently offers a range of drones with diverse payloads and capabilities. The startup serves over 10 customers, all of which are Indian government agencies including the Army, Navy, Air Force, Border Security Force, Central Reserve Police Force, and Indo-Tibetan Border Police.
The company initially focused on understanding the operational requirements of defense forces and gradually expanded its product range to meet the needs of Indian troops in various scenarios.
Focus on Research and Manufacturing
Raphe mPhibr began its journey with a small research facility in 2017 and has since expanded to a large research and manufacturing complex. The startup emphasizes domestic production of components and materials required for drone manufacturing, including flight controllers, batteries, and drone structures. It also develops proprietary autopilots and navigation systems in-house.
By avoiding reliance on Chinese components, Raphe mPhibr aims to overcome supply chain challenges and ensure high-quality standards for its drones.
Expansion Plans and Future Prospects
Raphe mPhibr has ambitious plans for expansion beyond the Indian market and has already engaged in partnerships with global defense companies for collaboration on new sensor technologies and software simulations. The startup is also exploring new markets and aims to go public within the next two to five years.
With a strong focus on research, manufacturing, and employee development, Raphe mPhibr is well-positioned to capitalize on the growing demand for drones in defense and surveillance applications.
Overall, the company has experienced significant revenue growth over the past few years and looks set to continue its upward trajectory in the drone industry.
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