NewSpace Research & Technologies
Overview
NewSpace Research & Technologies (NRT) is a pioneering aerospace and defense company based in Bengaluru, India, specializing in next-generation unmanned systems and technologies. Founded in 2017 by Sameer Joshi and Julius Amrit, the company aims to develop advanced aerospace systems for both military and civilian applications. NRT has raised approximately $80 million in funding and continues to expand its presence in national and international markets, focusing on UAVs, swarm robotics, AI modules, and augmented reality simulations.
Recent Developments
- August 2025: NewSpace secured INR 115 crore (approximately $13.3 million) through a debt round led by Lend Lease Company India. The funds will be used to support operational expenses and expansions.
- July 2025: NRT successfully conducted flight trials of the ULPGM-V3 missile in collaboration with DRDO at the National Open Area Range in Kurnool, Andhra Pradesh.
- May 2025: Collaborating with the US Army Combat Capabilities Development Command, NRT aims to integrate cutting-edge autonomy algorithms for multi-agent operations.
- February 2025: At AeroIndia 2025, NRT revealed the "Abhimanyu" drone platform, signaling continued development in naval unmanned combat aircraft.
- April 2024: NewSpace raised $52 million in a bridge funding round to further its innovations in defense technologies.
- January 2024: The company unveiled plans for a new set of AI-driven drone systems and announced collaborations with key global defense stakeholders.
- 2023: NRT entered the Japanese market and expanded its technological reach by collaborating with Autonomy HD for disaster management applications.
Company Information
| Attribute | Information |
|---|---|
| Founding Date | 2017 |
| Headquarters | Bengaluru, Karnataka, India |
| Founders | Sameer Joshi, Julius Amrit |
| Revenue | Approximately INR 96.25 lakh (FY24) |
| Profits | INR -62 crore (FY24) |
| Key Investors | Pavestone Capital, Volrado Venture Partners, SBI, SIDBI |
| Industry | Aerospace and Defense |
| Number of Employees | ~501-1,000 |
Early History
Founded in 2017, NewSpace Research & Technologies was initiated by Sameer Joshi and Julius Amrit with seed funding primarily from defense contracts. The company quickly became a key player in the aerospace sector by developing innovative UAVs and drone technologies. By 2018, NRT had secured several crucial defense contracts, propelling its reputation and financial growth in both domestic and international markets.
Company Profile and Achievements
NewSpace Research & Technologies is spearheading the Indian aerospace sector with pioneering developments in collective robotics and unmanned aerial systems (UAS). Key achievements include:
- Completion of over 10 NextGen aerospace projects, setting benchmarks in UAV technology.
- Collaboration with the Indian Ministry of Defence for advanced swarm drone systems.
- Successful establishment of a Japanese market presence in 2023 for disaster management technology.
- Design and integration of AI-driven applications for both military and civilian sectors.
- Strategic partnerships with DRDO and global defense entities, expanding their footprint in autonomous systems.
Current Operations and Market Position
NewSpace Research & Technologies primarily focuses on developing persistent drones for Earth observation and communications, operating with endurance capabilities ranging from days to months. The company is strategically positioned in the aerospace industry with a growing portfolio of state-of-the-art products tailored for both military and commercial sectors. NRT is recognized for its competitive advantages in AI-driven technologies and robust partnerships with governmental and international defense organizations.
NewSpace Research And Technologies IPO
NewSpace is actively planning for a prospective Initial Public Offering (IPO) to fuel its expansion ambitions. Targeting a larger capital influx, the company envisions bolstering its capabilities in AI, drone swarming, and defense systems, thereby enhancing stakeholder value and market position.
NewSpace Research And Technologies Glassdoor
Employee reviews on Glassdoor highlight NRT's dynamic work culture with a focus on innovation. The company scores an average of 3.5 out of 5 for job satisfaction, with noted challenges in promotional pathways and work-life balance.
Conclusion
NewSpace Research & Technologies is a prominent force in the aerospace and defense industry, known for its innovative approach and strategic partnerships. As global demand for cutting-edge defense technologies rises, NRT is poised to capitalize on these opportunities. Its focus on UAVs and robust AI solutions positions it for significant growth, potentially solidifying its status as a key player in the global aerospace domain.