Omspace Rocket & Exploration raises $3 million to build indigenous small satellite launch vehicle

Omspace Rocket & Exploration Private Limited, an Indian spacetech startup incubated at CrAdLE (Centre for Advancing & Launching Enterprises), Technology Business Incubator at the Entrepreneurship Development Institute of India (EDII), has raised $3 million in a pre-seed funding round.

The round was led by a Family Office and an angel investor. 

Founded in 2020 by Dr Ravindra Raj Binod Mistri, Maulik Mota, and Stutika Padamshali, Omspace is headquartered in Ahmedabad, with an international presence in Dubai, UAE. Omspace's flagship innovation, Infinity One, 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 reliable launch solution for India’s growing space-tech sector.

The startup plans to use the raised capital to finalise and begin test launches of the Infinity One prototype, expand its R&D team, and hire specialised talent, and strengthen the company’s manufacturing infrastructure and ground systems.

Dr Mistry, Co-Founder of Omspace Rocket & Exploration Private Limited, 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.”

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.”

Till date, CrAdLE has supported 135 startups, fostering technology and knowledge-based entrepreneurial ventures in four focus sectors: manufacturing, food processing, renewable energy, and healthcare.