India Accelerator and its multistage venture capital arm Finvolve co-led the $1.1 million seed investment round for defense tech firm Ammunic Systems.
The funds will be used to develop new domestic defense technologies and scale up current products, according to a news statement from Ammunic Systems.
Ammunic Systems is a defense research and development company that was founded in September 2024 and is primarily focused on designing and developing weapon systems. Its primary competencies include advanced electronic fuzes, warheads, and munition integration technologies. The startup wants to be a leading pioneer in aerospace and defense in the future.
The Bengaluru-based business wants to lead the way in developing tomorrow’s weapons for international security while empowering defense with accuracy and safety. It is dedicated to offering clients services that go above and beyond their expectations and support them in reaching their corporate objectives. Research, design, development, and manufacturing of next-generation weapon systems for present and future conflicts are its main objectives.
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.”
IG Drones, Indrajaal, Zulu Defence, and other defense technology businesses are part of India Accelerator and Finvolve’s impressive portfolio.
