Non-Dilutive Capital for Defence & Space
Fund R&D, production, and long order cycles without giving up equity — structured debt from 125+ lenders.
Estimate My Funding
No commitments, no fees.
Trusted by India's Fastest-Growing Companies
Why debt works for defence & space startups
Defence and space run on milestone-based contracts — a capex challenge painful to fund with equity.
Spend before milestone payments
You invest in R&D and manufacturing well before milestone-based payments are released.
Back confirmed contracts
Working capital and PO financing fund production against sanctioned contracts; term facilities fund equipment.
One application, 125+ lenders
Get matched to structured and term debt for long programme cycles with terms in 48 hours.
Backed by 125+ lending partners
One application. Access to India's leading banks, NBFCs, and funds.
What you can fund
R&D, manufacturing, and contract delivery.
R&D & Prototyping
Fund research, prototyping, and testing without diluting equity at every milestone.
Manufacturing & Tooling
Finance production lines and specialised tooling against sanctioned contracts.
Order & Contract Funding
Deliver large government orders by financing confirmed contracts.
Equipment & Infrastructure
Fund test facilities, ground stations, and equipment with long-tenure debt.
Milestone Cash Gaps
Bridge the gap between programme spend and milestone-linked payments.
Certifications & Quality
Finance certifications and audits needed to qualify for tenders.
Best-fit products for your business
The financing structures our team most often matches to companies in this sector.
Debt Products Available
Recur Club matches you with the right instrument from 125+ lending partners.
Frequently Asked Questions
Build deep tech without diluting equity
Get an indicative offer in 48 hours — no commitments, no fees, no dilution.