Omspace Rocket & Exploration, an Indian space-tech startup, has raised $3 million in a pre-seed funding round led by a Family Office and an Angel Investor.
The newly raised funds will be used to finalise and begin test launches of the Infinity One prototype, expand Omspace’s research & development team, hire specialised talent, and strengthen the company’s manufacturing infrastructure and ground systems.
Founded in 2020 by Ravindra Raj Binod Mistri, Maulik Mota, and Stutika Padamshali, Omspace is incubated at CrAdLE (Centre for Advancing & Launching Enterprises), Technology Business Incubator at the Entrepreneurship Development Institute of India (EDII).
Omspace is headquartered in Ahmedabad and has an international presence in Dubai, UAE.
Omspace is developing Infinity One, an indigenous, modular launch vehicle designed for Low Earth Orbit (LEO) satellite missions. It aims to deliver payloads of approximately 350 kg to altitudes of up to 800 km. With an emphasis on fuel efficiency and cost-effectiveness, the launch system seeks to offer a reliable launch solution for India’s growing space-tech sector.
Ravindra Raj Binod Mistri, Co-Founder of Omspace Rocket & Exploration, said, “This funding is a major milestone in our mission to democratise access to space from India. We are deeply thankful to CrAdLE and EDII for believing in our vision and enabling us with the resources, mentorship, and environment to take bold leaps.”
Satya Ranjan Acharya, Director, CrAdLE, EDII, said, “At CrAdLE (Centre for Advancing & Launching Enterprises), we’re proud to support ventures like Omspace Rocket & Exploration that are pushing the boundaries of technology and placing India on the global space-tech map. Their journey reflects the potential of indigenous innovation backed by the right ecosystem.”
