Ethereal Machines Pvt. Ltd.
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Ethereal Machines Pvt. Ltd. - overview
Established
2014
Location
Bangalore, Karnataka, India
Primary Industry
Industrial Machinery
About
Based in Karnataka, India, and founded in 2014 by its CEO Kaushik Mudda and CTO Navin Jain, Ethereal Machines Pvt. Ltd. operates as a deep-tech company that specializes in building machines for 5-axis CNC technology. In April 2026, Ethereal Machines Pvt.
Ltd. raised USD 28. 5 million in series B funding led by Avataar Venture Partners. Ethereal Machines Pvt.
Ltd. manufactures CNC machines with a focus on 5-axis technology, spanning from prototyping to mass production. The company's capabilities also include custom CNC milling services, and a wide range of machining materials such as metals, plastics, composites, and specialty materials. Ethereal Machines's 5-axis milling centers, equipped with technology, enable the production of parts for industries such as aerospace, healthcare, drones, and electronics.
The company plans to utilize the April 2026 funding to advance its expansion efforts after experiencing operating losses, even though it has been generating revenue.
Current Investors
Blume Ventures, Venture Catalysts, A&E Investment
Primary Industry
Industrial Machinery
Sub Industries
Industrial Machinery
Website
www.etherealmachines.com
Verticals
Manufacturing
Company Stage
Series B
Total Amount Raised
Subscriber access only
Ethereal Machines Pvt. Ltd. - timeline of key events
Ethereal Machines Pvt. Ltd. - financials
| Fiscal Year Ended | Mar 31, 2017 | Mar 31, 2018 | Mar 31, 2019 | Mar 31, 2020 | Mar 31, 2021 | Mar 31, 2022 | Mar 31, 2023 | Mar 31, 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | - | 3,228,554 | 892,712 | 1,585,000 | 1,913,280 | - | - | - |
| % Revenue Growth (YoY) | - | - | (72.3%) | 77.5% | 20.7% | - | - | - |
| EBITDA (USD) | (8,850) | (6,301,131) | (10,710,577) | (15,472,673) | (12,751,660) | - | - | - |
| Operating Income (USD) | (8,850) | (6,515,113) | (10,952,798) | (16,001,496) | (13,227,788) | - | - | - |
| Operating Margin | - | (201.8%) | (1226.9%) | (1009.6%) | (691.4%) | - | - | - |
| % EBITDA Margin | - | (195.2%) | (1199.8%) | (976.2%) | (666.5%) | - | - | - |
| NET Income (USD) | (8,850) | (4,835,193) | (8,141,233) | (9,154,495) | (8,775,560) | - | - | - |
| % Net Margin | - | (149.8%) | (912.0%) | (577.6%) | (458.7%) | - | - | - |
Ethereal Machines Pvt. Ltd. - employee data
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