Omspace Rocket & Exploration Private Limited is an Indian startup that works in space technology.
The company has raised $3 million (about ₹26 crore) in a pre-seed funding round. This money came from several private investors and family-run investment groups, though their names were not shared.
The startup will use the new money to build its rocket called Infinity One. This rocket is made to carry satellites into space, especially to low Earth orbit (a part of space closer to Earth).
“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, ” said Dr Mistry, Co-Founder of Omspace.
Dr 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.”
OmSpace Rocket and Exploration was started in 2020 by Ravindra Raj Binod Mistri, Maulik Mota, and Stutika Padamshali. The company is based in Ahmedabad.
Right now, they are working on a rocket called Infinity One, which can carry up to 350 kg and reach up to 800 km into space.
Infinity One is designed to be affordable and reusable, so it can help make satellite launches cheaper and easier.
OmSpace started at CrAdLE, a business support center at the Entrepreneurship Development Institute of India (EDII). The company was also chosen for the AWS Spacetech Accelerator program, where it received a $100,000 grant.
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