About Newspace Research and Technologies
Newspace Research and Technologies is an Aerospace, Defense & Maritime company based in Bengaluru (India) founded in 2017 by Dilip Chabria, Sameer Joshi, and Julius Somojit Amrit. Next-generation unmanned systems and aerospace technologies are developed. Newspace Research and Technologies has raised $88.35 million across 18 funding rounds from investors including State Bank of India, 360 One and BKT Tires. The company has 442 employees. Newspace Research and Technologies was last valued at $120.37 million in July 2024. Its chief executive, as recorded, is Sameer Joshi. Its website newspace.co.in draws about 16 thousand monthly visits. Its Indian entity Newspace Research & Technologies Private Limited reported revenue of ₹103 Cr. Newspace Research and Technologies offers products and services including BELUGA, NIMBUS, MACKEREL, and NIMBUS-SCOPE. Its focus areas include High Tech, Drones, Military Drones and Aerospace, Maritime and Defense Tech.
Company details
The company was founded in 2017 in Bengaluru, India, and operates within the aerospace sector. Unmanned aerial vehicles, collective robotics, GPS-denied visual inertial navigation, AI modules, and augmentedvirtual reality simulations are provided as core services. Payloads can be dynamically swapped to suit various missions. Applications encompass telecommunications, environmental monitoring, disaster relief, and military surveillance.
- Headquarters Bengaluru, India
- Employees 442
- Founders Dilip Chabria, Sameer Joshi, Julius Somojit Amrit
- Stage Minicorn
- SectorsAerospace, Defense & Maritime
- Email••••••••
- Phone•••• ••••
- Website newspace.co.in
- Social LinkedIn
- Legal Name Newspace Research & Technologies Private Limited
- Date of Incorporation 25 Apr, 2017
- Jurisdiction Noida, Uttar Pradesh, India
- Annual Revenue₹103 Cr
FY 2025 · +1876% YoY
- Net Loss-₹67.00 Cr
FY 2025 · -65% margin
- EBITDA-₹17.22 Cr
FY 2025 · -17% margin
- Total Equity Funding$88.35M (USD)
in 18 rounds
- Latest Funding Round$13.13M (USD), Debt – Convertible
Aug 2025
- InvestorsState Bank of India
& 104 more
- Employee Count442
Associated legal entities of Newspace Research and Technologies
Newspace Research and Technologies operates through Newspace Research & Technologies Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Newspace Research & Technologies Private Limited CIN U74999UP2017PTC092586 | Active | 25 Apr 2017 | Noida, Uttar Pradesh | ₹103 Cr | 442 | 6 | View details |
Products & Services of Newspace Research and Technologies
Newspace Research and Technologies offers a comprehensive portfolio of products and services, including BELUGA, NIMBUS, MACKEREL, and NIMBUS-SCOPE.
Hybrid multi-rotor UAV for long endurance missions
Multi-purpose electric UAV for various applications
Loitering munition multi-rotor for tactical operations
Tethered electric UAV for sustained operations
Funding Insights of Newspace Research and Technologies
Newspace Research and Technologies has successfully raised a total of $88.35M across 18 strategic funding rounds. The most recent funding activity was a Debt – Convertible round of $13.13 million completed in August 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $88.35M
- Total Rounds 18
- Last Round Debt – Convertible — $13.13M
- First Round $535,877
(Jan 2018)
- Investors Count 105
Latest 10 of 18 funding rounds of Newspace Research and Technologies with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug 2025 | $13.13M | Series C | – | – | |
| Aug 2025 | $13.13M | Debt – Convertible | – | – | |
| Mar 2025 | $3.44M | Debt – Venture | – | – | – |
| Dec 2024 | $6.91M | Debt – Convertible | – | – | – |
| Jul 2024 | $429,800 | Series B | $120.37M | Trifecta Capital | – |
| Apr 2024 | $4.8M | Series B | $112.12M | Volrado Venture Partners | – |
| Mar 2024 | $19M | Debt – Conventional | – | – | |
| Apr 2023 | $33M | Series B | – | – | |
| Dec 2022 | $8.9M | Series A | $••••• | QRG Investments and Holdings | |
| Jan 2022 | $867,858 | Seed | – | – | – |
| Date | Valuation | Stage |
|---|---|---|
| Jul 2024 | $120.37M | •••••••• |
| Apr 2024 | $112.12M | •••••••• |
| Dec 2022 | $••••• | •••••••• |
| Apr 2021 | $••••• | •••••••• |
| Mar 2021 | $••••• | •••••••• |
| May 2020 | $••••• | •••••••• |
| Apr 2019 | $••••• | •••••••• |
Full valuation and stage history of Newspace Research and Technologies
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
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Last known valuation $120.37M (Jul 2024). 105 investors in total: 39 institutional and 66 angel.
Investors in Newspace Research and Technologies
Newspace Research and Technologies has secured backing from 105 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include State Bank of India, 360 One and BKT Tires.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private debt and equity funds are managed for technology sectors. | trifectacapital.in | Gurugram, India | ||
Early-stage venture capital firm investing in B2B technology solutions in the US and Israel. | cornerstonevp.com | |||
Early-stage investments in multiple industries are targeted by the firm. | Mumbai, India | |||
Venture capital and private equity firm focused on multiple sectors | ||||
Venture capital fund investing in B2B technologies and enterprise solutions in India. | 2018 | csvpfund.com | Mumbai, India | |
Schools and pre-schools are established in India and abroad. | 2000 | kamaholdings.com | Gurugram, India | |
Early-stage startups are invested in by Hda Tech Growth fund. | Surat, India | |||
Venture capital firm focused on early-stage companies | Faridabad, India | |||
Private equity firm focused on multiple sectors | Delhi, India | |||
Venture capital investments in technology and growth sectors are managed by Pavestone. | 2021 | pavestone.vc | Hyderabad, India |
Investor details for Newspace Research and Technologies
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Newspace Research & Technologies Private Limited (Newspace Research and Technologies)
Newspace Research & Technologies Private Limited is the primary company behind Newspace Research and Technologies. The board of Newspace Research & Technologies Private Limited currently have 4 directors; the longest-serving is Sameer Joshi, appointed in 2017. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sameer Joshi DIN 07223946 | Director | 25 Apr 2017 | 9 yrs 6 mo | Newspace Research & Technologies Private Limited |
| Rajinder Rana DIN 07515490 | Director | 25 Apr 2017 | 9 yrs 6 mo | Newspace Research & Technologies Private Limited |
| Julius Somojit Amrit DIN 05011501 | Director | 01 Dec 2020 | 5 yrs 11 mo | Newspace Research & Technologies Private Limited |
| Satya Sridhar Rampalli DIN 06466420 | Director | 18 Apr 2022 | 4 yrs 6 mo | Newspace Research & Technologies Private Limited |
People of Newspace Research and Technologies
15 people are tracked at Newspace Research and Technologies (11 in leadership, 4 in team); the tracked headcount is 442.
| Name | Role | Group |
|---|---|---|
Dilip Chabria | Co-Founder | Leadership |
| Co-Founder & CEO | Leadership | |
| Co-Founder & COO | Leadership | |
Cletus Sequeira | Director, Talent Acquisition | Leadership |
Sreenu P. | Vice President Operations | Leadership |
| Chief Operating Officer & Director | Leadership | |
Rajiv Gandhi | Assistant General Manager Strategic Sourcing | Leadership |
Yatish Kuriyar | Head Of Production (multirotor) | Leadership |
Sujata S Rajanalkar | Associate Director Quality Assurance | Leadership |
Ashwin Shastry | Assistant Vice President- Alliances & Partnerships | Leadership |
Santosh Cm | VP -air Launched Unmanned Systems | Leadership |
Joshua Fernandes | AVP Autonomous Systems | Team |
Atree Kundu | Senior Manager Corporate Communications | Team |
Ahmed Arshi | AVP | Team |
Prashant Mishra | Lead TA | Team |
Complete people profiles for Newspace Research and Technologies
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Financials of Newspace Research and Technologies
Figures of Newspace Research & Technologies Private Limited, the primary company behind Newspace Research and Technologies, for FY 2025. Revenue was ₹103 Cr (+1876% year on year). Net loss was -₹67.00 Cr (-65% margin). EBITDA was -₹17.22 Cr (-17% margin).
- ₹103 CrRevenue · FY 2025 · +1876% YoY
- -₹67.00 CrNet loss · -65% margin
- -₹17.22 CrEBITDA · -17% margin
- ₹12.42 CrPaid-up capital
- 442Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Newspace Research & Technologies Private Limited are on its company page.
Detailed financial statements for Newspace Research and Technologies
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Newspace Research and Technologies
4 dated milestones of Newspace Research and Technologies across 8 years, from founding to its latest funding, stage changes and deals.
- Founded Newspace Research and Technologies is founded.
- Funding First funding round of $536K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Debt – Convertible, of $13.1M.
Web traffic of Newspace Research and Technologies
The website of Newspace Research and Technologies (newspace.co.in) receives about 16K visits a month.
- Monthly visits16K
▲ 46.6% vs previous month
Top companies in Drone & Aerial Mobility
2 companies that operate in the same segment as Newspace Research and Technologies (Drone & Aerial Mobility) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Developer of unmanned aerial vehicles | 2007 | Navi Mumbai, Maharashtra, India | USD 53.82 M | USD 26.48 M | 531 | |
Manufacturer of drones and provider of drone-based solutions across various sectors | 2015 | Chennai, Tamil Nadu, India | USD 59.3 M | USD 12.94 M | 130 |
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Related news about Newspace Research And Technologies
Complete news archive for Newspace Research and Technologies
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Frequently Asked Questions about Newspace Research and Technologies
Newspace Research and Technologies was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Newspace Research and Technologies is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Sameer Joshi is the CEO of Newspace Research and Technologies, as recorded in our data. They have also founded this company.
Newspace Research and Technologies is a funded company, having raised a total of $88.35M across 18 funding rounds to date. The company's 1st funding round was a Seed of $867.86K, raised on Jan 2018.
Newspace Research and Technologies has 442 employees.
The primary company behind Newspace Research and Technologies, Newspace Research & Technologies Private Limited, reported revenue of ₹103 Cr for FY 2025, up 1876% year on year.
The company was founded in 2017 in Bengaluru, India, and operates within the aerospace sector. Unmanned aerial vehicles, collective robotics, GPS-denied visual inertial navigation, AI modules, and augmentedvirtual reality simulations are provided as core services. Payloads can be dynamically swapped to suit various missions. Applications encompass telecommunications, environmental monitoring, disaster relief, and military surveillance.
Newspace Research and Technologies offers BELUGA, NIMBUS, MACKEREL, and NIMBUS-SCOPE.
Newspace Research and Technologies has 105 investors. Key investors include State Bank of India, 360 One, BKT Tires, SIDBI, and L N Bangur Group.
The valuation of Newspace Research and Technologies is $120.37M as of Jul 2024.
Newspace Research and Technologies operates through Newspace Research & Technologies Private Limited.
The legal entities of Newspace Research and Technologies currently have 5 directors, including Sameer Joshi, Rajinder Rana, Julius Somojit Amrit and others.