The defence technology startup Ammunic Systems has successfully secured $1.1 million in seed funding, with the round led by India Accelerator and its venture capital arm Finvolve. The company plans to utilize the funds to advance its innovation roadmap, enhance operational capacity, and focus on research and development. This includes scaling up manufacturing, expanding the team, and developing new products, while also improving existing product lines. Founded in 2024, Ammunic Systems specializes in the design and development of weapon systems, with expertise in advanced electronic fuzes, warheads, and munition integration technologies. The investment is seen as a significant endorsement of Ammunic’s mission to strengthen India’s self-reliance and leadership in defence technology.
Has Ammunic Systems raised $1.1 million in a seed round?
