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Dream Aerospace, an aerospace and defence startup, has raised Rs 3 crore in a pre-seed funding round led by Inflection Point Ventures (IPV), a Gurugram-based angel investment firm.
The startup will use the raised capital to accelerate the development of its ATOM Thruster, validate its propulsion system, and establish an in-house High Altitude test facility.
What does Dream Aerospace do?
Founded in 2022 by Hari Krishnan KJ and Rogith S, Dream Aerospace is revolutionizing the aerospace industry with its innovative approach to propulsion systems. By developing customizable, affordable, and agile thrusters, the startup is enhancing satellite operations and space missions.
It prioritizes safety by improving fuel handling processes for ground personnel. Notably, the startup is addressing the critical demand for environmentally friendly and efficient propulsion systems, paving the way for a more sustainable future in aerospace technology.
“This is an exciting milestone for DREAM Aerospace as we continue our journey to revolutionize satellite propulsion systems. Our vision is to enable cutting-edge, efficient, and scalable solutions that empower the next generation of CubeSats and larger satellites. With the momentum gained through this funding, we are poised to accelerate our product development, expand our capabilities, and strengthen collaborations across the space ecosystem. We remain committed to pushing the boundaries of innovation and propelling the dream of advanced space technology into reality,” said the founders.
Delivering superior propulsion performance at a lower cost
Dream Aerospace said that it has the ability to deliver superior propulsion performance at a significantly lower cost compared to international alternatives. Its scalable solutions and fully indigenous technology make it a strong contender in the rapidly growing space industry.
Currently outsourcing production to meet early market demands, Dream Aerospace plans to establish in-house production facilities with an annual capacity of 40–50 thrusters, ensuring scalability and efficiency.
"Dream Aerospace is revolutionizing the aerospace industry with its innovative approach to propulsion systems. By developing customizable, affordable, and agile thrusters, the startup is enhancing satellite operations and space missions. By improving fuel handling processes, it is prioritizing safety for ground personnel. Additionally, they are addressing the critical demand for environmentally friendly and efficient propulsion systems, paving the way for a more sustainable future in aerospace technology," said Mitesh Shah, Co-Founder of Inflection Point Ventures.