Ammunic Systems targets SE Asia, plans second funding round

Ammunic previously focused only on the Indian market because production capacity was limited. Singhal said the company declined export opportunities in the past. Over the past six to seven months, the startup expanded production capabilities, which now allows it to serve both domestic and international markets.

The company raised $1.1 million in a seed round co-led by India Accelerator and its venture arm Finvolve. It plans a second funding round within four to five months. The proceeds will scale existing products and develop new indigenous defence technologies.

The shift to loitering munitions places Ammunic in a segment where demand has grown after their heavy use in recent conflicts. The patent for naval fusing targets a niche that currently relies on imported components. The upcoming funding round will test whether investors see enough demand beyond Ammunic's domestic base. Singhal said the focus remains on scaling production and securing orders from both Indian and overseas customers.