Team StartupCity

• Deeptech startup SpaceFields raises $5 million to expand its solid propulsion tech.
• Funding will support manufacturing scale up, certifications, and team expansion.
• The company is building IP led solutions for defence, aerospace, and space missions.

Bengaluru based startup SpaceFields has raised $5 million in a fresh funding round to fuel its next phase of growth. The round was co-led by Globaz Technologies, Rockstud Capital, and Venture Catalysts, with participation from Rainmatter (backed by Nithin Kamath), Burla Angel Network, FAAD Capital, SIDBI, O2 Angels, and Meity Startup Hub.

Founded in 2021 by Apurwa Masook, Rounak Agrawal, and Sudarshan Samal, SpaceFields is developing cutting edge solid rocket propulsion systems for defence, aerospace, and space applications. With this funding, the startup plans to scale up manufacturing, secure regulatory certifications, and strengthen its engineering, operations, and support teams.

The startup’s work sits at the intersection of national defence and new age space technology. It has already applied for ten patents, with five granted, showcasing the company’s focus on building proprietary, high impact tech.

“Solid propulsion is a backbone of both space and defence missions”, said Apurwa Masook, co-founder of SpaceFields. “We’re working closely with armed forces, DRDO, DPSUs, and aerospace OEMs to develop custom systems that meet the needs of modern missions”.

What makes SpaceFields stand out is its focus on intellectual property and deep tech innovation in a sector that has seen limited private involvement. The funding will help the company push forward in a market that’s becoming increasingly strategic for India.

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Investors believe the company is positioned in a unique space. “SpaceFields is building IP led platforms in a sector ripe for disruption”, said Abhishek Agarwal, Managing Partner at Rockstud Capital. Apoorva Ranjan Sharma of Venture Catalysts added, “The team has quickly turned research into real, scalable solutions that can transform India’s space and defence capabilities”.

With India’s space economy projected to reach $40 billion by 2040, startups like SpaceFields are expected to play a crucial role in shaping the future of indigenous technology and defence readiness.