Ammunic Systems Defence tech startup has raised $1.1 million in a seed funding round co-led by India Accelerator and its multistage VC arm Finvolve.
The proceeds will be channeled towards scaling existing products and building new indigenous defence technologies, Ammunic Systems said in a press release.
Launched in September 2024, Ammunic Systems is a defence R&D firm focused on the design and development of weapon systems with core competence in advanced electronic fuzes, warheads, and munition integration technologies. The startup aspires to become a next generation defence and aerospace innovator.
The Bengaluru-based startup aims to empower defense with precision and safety and to pioneer tomorrow’s warheads for global security. It is committed to providing services that exceed client expectations and help them achieve their business goals. It focuses on research, design, development, and production of new generation weapon systems for current and future warfare.
Priyanka Singhal, founder of Ammunic Systems, said, “This investment from India Accelerator is not just capital; it is a vote of confidence in a mission we have poured our hearts into. At Ammunic Systems, we are not just building defence technologies; we are building belief that India can lead from the front in securing its own future.”
India Accelerator and Finvolve boast a strong portfolio of defence tech companies including IG Drones, Indrajaal, Zulu Defence, and others.
