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Omspace Rocket & Exploration, a rising Indian space-tech startup, has just secured $3 million in a pre-seed funding round. This investment will help the company build its innovative
Omspace Rocket & Exploration, a rising Indian space-tech startup, has just secured $3 million in a pre-seed funding round. This investment will help the company build its innovative small satellite launch vehicle, “Infinity One.” With space exploration becoming more accessible globally, Omspace is aiming to position India as a significant player in the commercial space industry.
Founded in 2020 by Dr. Ravindra Raj Binod Mistri, Maulik Mota, and Stutika Padamshali, Omspace is based in Ahmedabad, India, with an international branch in Dubai, UAE. The startup’s flagship project, Infinity One, is designed to carry small satellite payloads weighing up to 350 kg, with the capability to reach altitudes of up to 800 kilometers. This cutting-edge launch vehicle promises to be highly fuel-efficient, cost-effective, and reliable – all key factors as India continues to grow as a leader in the global space-tech sector.
This recent round of funding, which raised $3 million, was led by a Family Office and an angel investor. The funds will be used to fast-track the development and testing of the Infinity One rocket, which will play a crucial role in the country’s emerging space exploration market.
For Omspace, this investment is not just a financial boost but a major milestone in its journey to revolutionize India’s space-tech landscape. The startup plans to use the capital for multiple purposes:
The company’s core mission is to democratize access to space from India. According to Dr. Mistry, Co-Founder of Omspace, this funding represents a significant step in realizing that goal. “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,” he shared.
The vision of Omspace is not just to develop a new launch vehicle but to make space exploration more affordable and accessible for businesses, governments, and research organizations. By creating an indigenous small satellite launch system, Omspace is setting the stage for India to play a pivotal role in the growing global space market.
Omspace’s rise is part of a larger trend in India, where the space-tech ecosystem has been expanding rapidly in recent years. Government initiatives such as the Indian Space Research Organisation (ISRO) encouraging private participation in space exploration have given rise to numerous startups like Omspace. This growing support network is vital in driving innovation and creating new opportunities in space exploration.
CrAdLE (Centre for Advancing & Launching Enterprises), an incubator that helps startups like Omspace, is one such support system. Dr. Satya Ranjan Acharya, Director of CrAdLE, expressed his pride in supporting Omspace. “At CrAdLE, 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,” he said.
Infinity One is not just another rocket; it’s designed with efficiency and sustainability in mind. Here’s a closer look at what makes the Infinity One launch vehicle unique:
Infinity One is tailored to carry small satellites. These miniaturized satellites are crucial for applications like Earth observation, telecommunications, and scientific research. As more and more organizations rely on satellites for data, a dedicated launch vehicle for these smaller payloads is in high demand.
One of the standout features of Infinity One is its fuel efficiency. By reducing fuel costs, Omspace aims to make space access affordable for more clients, from startups to governments.
Omspace’s design also focuses on reducing overall launch costs, which is a significant barrier in the space industry. The cost-effective approach will make space more accessible for a range of clients who might not have had the budget for large-scale space missions.
Reliability is critical when sending payloads into space. Omspace is committed to delivering a dependable launch service, ensuring that the payloads are delivered safely to their designated orbits.
Omspace’s journey is just beginning, but the future looks promising. The startup is on track to conduct test launches of Infinity One and continue enhancing its infrastructure. Their long-term goal is to become a leading provider of small satellite launch services not only in India but across the world.
As the commercial space sector continues to grow, Omspace will likely attract more investors and clients looking for affordable, reliable, and efficient launch solutions. Their innovative approach to space exploration positions them as a company to watch in the coming years.
Omspace Rocket & Exploration’s $3 million funding is a game-changer for India’s space-tech industry. With its innovative Infinity One launch vehicle, Omspace is poised to revolutionize how small satellites are launched, making space more accessible for everyone. The future of space exploration from India is brighter than ever, and Omspace is leading the charge.
