# Hical Technologies raises $30-40 million from Premji Invest for expansion

Aerospace and defence components maker Hical Technologies has raised $30-40 million from Premji Invest, its first institutional funding round since 1986, to fund manufacturing expansion across South India, including a new facility in Hosur and a recently opened facility in Devanahalli.

- Type: Investment
- Announced: 2026-11-06
- Where: Bengaluru, Hosur, Devanahalli, India
- Value: $35.0M
- Status: announced
- Products: motors, actuators, solenoids, transformers
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md), [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Hical Technologies](https://endata.com/companies/9254.md)
- [Premji Invest](https://endata.com/companies/8274.md) (investor)

## Sources

- [timesofindia.indiatimes.com](https://timesofindia.indiatimes.com/business/india-business/hical-raises-30-40-mn-from-premji-invest/articleshow/135611612.cms), 2026-11-06: "The Bengaluru-based company said the money will fund manufacturing expansion across South India and strengthen engineering and research and development."
- [aviation-defence-universe.com](https://www.aviation-defence-universe.com/hical-technologies-raises-its-first-institutional-investment-from-premji-invest-to-accelerate-aerospace-and-defence-expansion-in-india/), 2026-11-07: "It is the company’s first institutional investment in a journey of nearly four decades, and will fund an expansion of manufacturing capacity, engineering and R&D as Hical scales its role in global aerospace and defence programmes."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.