Ethereal Machines Raises $28.5 Mn To Expand Precision Manufacturing Capacity

Ethereal Machines raised $28.5 million in Series B funding led by Avataar Ventures. The deeptech startup will build a 3 lakh sq ft mega-factory near Bengaluru, develop India's first indigenous multi-axis CNC controller, and expand in the US and Europe. Total funding now stands at nearly $50 million.