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Press & Media 28 Sep 2026 Forbes India The coming of age of manufacturing startups Ethereal Machines fronts Forbes India's manufacturing deep dive co-founders Kaushik Mudda and Navin Jain on the cover, and 75 CNC machines running 24x7. Read more
Ethereal Machines fronts Forbes India's manufacturing deep dive co-founders Kaushik Mudda and Navin Jain on the cover, and 75 CNC machines running 24x7.
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Why precision is sharpening Indian manufacturing
In 1953, Bengaluru had a factory that produced almost nothing that people could use directly. Hindustan Machine Tools, or HMT, was established with a deceptively ambitious purpose. It would manufacture the 'mother machines' needed to build a modern indust
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Ethereal Machines Raises $28.5 Mn To Expand Precision Manufacturing Capacity
Founded in 2014 by Kaushik Mudda and Navin Jain, Ethereal Machines designs, builds and operates proprietary multi-axis CNC (Computer Numerical Control) machines
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Ethereal Machines: Raises $13 million in Series A funding round
Ethereal Machines secures $13 million in funding to expand precision manufacturing capabilities and support India's manufacturing growth.
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Ethereal Machines Raises USD 13 Mn in Series A led by Peak XV and Steadview Capital
With the raised funds, the Bengaluru-based startup aims to build a new smart factory in Bengaluru and hire AI and software engineers to expand its line of products.
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Ethereal Machines Nets $13 Mn To Expand Precision Manufacturing Play
Ethereal Machines has raised $13 Mn (INR 108.6 Cr) in a Series A funding round co-led by Peak XV Partners and Steadview Capital.
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Ethereal Machines, two others raise early-stage funding
Deeptech startup Ethereal Machines, lending platform Varashakti Housing Finance and business-to-business marketplace Redbasil have secured early-stage...
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Bengaluru-based Ethereal Machines raises $7.3 million in funding from Peak XV
The startup plans to use the fresh capital to build factories across India to manufacture essential precision engineering components.
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Bengaluru
India
HQ
Certified to the standard aerospace programs require.
No. 15, Tumkur Rd, Industrial Suburb 2nd Phase, Goraguntepalya, Yeswanthpur, Bengaluru, 560022
Tumkur
India
Regional office
No. 15, Tumkur Rd, Industrial Suburb 2nd Phase, Goraguntepalya, Yeswanthpur, Bengaluru, Karnataka 560022
