Aircraft Startup Raphe mPhibr Raises $100 Million in Largest-Ever Private Funding for Indian Aerospace Firm

Raphe mPhibr (रेफी एम फाइबर), India’s most innovative aircraft manufacturing company, announced today that it has raised $100 million in a round led by General Catalyst, with participation from existing investors, including Amal Parikh, Think Investments, and other prominent high-net-worth family offices.
This is the largest round of private funding raised by an Indian company in this industry to date and takes Raphe mPhibr’s total capital raised to $145 million.

“We are proud to join forces with Raphe mPhibr on their transformative journey to redefine engineering-led manufacturing across a spectrum of critical applications,” said Neeraj Arora, Managing Director at General Catalyst.

“What sets this team apart is their unwavering, mission-driven ethos, coupled with an expansive vision and formidable technological depth. The products emerging from Raphe mPhibr are already making a tangible impact on the ground, signalling what we believe will be a monumental shift.”

“Raphe mPhibr is uniquely positioned to develop cutting-edge aircrafts and UAVs given their robust, end-to-end design, engineering, and manufacturing capabilities,” shared Shashin Shah, Managing Partner, Think Investments.

Founded nearly a decade ago, Raphe mPhibr grew alongside India’s national vision of Aatmanirbhar Bharat and Make in India.

The company didn’t set out to assemble parts, it set out to engineer solutions end-to-end. And to do so, Raphe mPhibr created a campus where design, simulation, manufacturing, and testing all work together, under one roof. As a result, the headquarters houses India’s most advanced metal processing, composite manufacturing, engine design and testing, and military-grade electronics facility.


Every manufacturing centre was designed with a single goal: to deliver systems our security forces can rely on. Many of these systems are already operational in the field, including the mR10, the world’s first operational drone swarm; the mR20, the world’s first high-altitude logistics platform for resupply in remote forward areas; Bharat, a lightweight, man-carried drone developed for rapid surveillance in complex terrain; and the X8, a compact platform designed for maritime patrol and enhancing situational awareness at sea.

Raphe mPhibr partners with national institutions, in line with the mission laid out by India’s Prime Minister: Make in India, innovate in India, and become truly Aatmanirbhar. It also works with international partners such as Dassault Systèmes, HENSOLDT, and Safran.

"Raphe mPhibr’s implementation of our 3DEXPERIENCE platform shows how virtual worlds help innovators achieve speed and sovereignty by accelerating the entire product lifecycle from concept to certification," noted Olivier Sappin, CEO, CATIA, Dassault Systèmes (France).


"We’ve worked closely with Raphe mPhibr’s teams and seen first-hand their ability to deliver advanced mil-grade electronics and mechanical systems,” stated Oliver Dörre, CEO, HENSOLDT (Germany).

"Raphe mPhibr is a technological and industrial adventure the likes of which can only be found in India. We’re proud of the partnership we are building with this company which could become one of the world’s major players in the drone industry," shared Alexandre Ziegler, Executive Vice President, Defense GBU, Safran Electronics & Defense (France) via LinkedIn. – TWL Bureau