Team Startupcity

·  Raised $3M pre-seed funding to accelerate satellite launch vehicle development

·  Infinity One aims to launch 350 kg payloads to 800 km orbit with fuel-efficient design

·  Backed by EDII's CrAdLE incubator, strengthening India’s presence in global space-tech

Omspace Rocket & Exploration Pvt Ltd, a spacetech startup from Ahmedabad, has raised $3 million in a Family Office and an angel-backed pre-seed funding round.

 The startup was incubated at CrAdLE (Centre for Advancing & Launching Enterprises), the Technology Business Incubator of the Entrepreneurship Development Institute of India (EDII), and is working on Infinity One, an indigenously developed small satellite launch vehicle that can carry 350 kg payloads to heights of up to 800 km.

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Started in 2020 by Dr Ravindra Raj Binod Mistri, Maulik Mota, and Stutika Padamshali, Omspace is based out of Ahmedabad with an expanding global footprint in Dubai, UAE. Omspace specializes in cost-effective, fuel-optimal, and robust launch solutions designed to meet the requirements of India's burgeoning spacetech economy.

The new funds raised will be utilized in completing and commencing test launches of the Infinity One prototype, recruiting specialized personnel, scaling up the R&D team, and increasing manufacturing infrastructure and ground systems.

Commenting on the milestone, Dr Mistri, Co-Founder of Omspace, said, “This funding is a major step in our mission to democratize access to space from India. We’re grateful to CrAdLE and EDII for offering the right mix of support, mentorship, and belief in our vision.”

Dr Satya Ranjan Acharya, Director of CrAdLE, further added, "Omspace is the essence of India's fearless innovation. With the correct ecosystem behind them, they are making India feature on the space-tech map globally." CrAdLE has incubated more than 135 startups till date, promoting entrepreneurship in manufacturing, food processing, renewable energy, and healthcare.