Team StartupCity

• Thrustworks Dynetics secures Rs 7 crore in seed funding led by Jamwant Ventures.
• Funds to boost R&D, rocket engine testing, and facility expansion.
• The startup is building modular and high performance liquid propulsion systems.

Pune based space propulsion startup Thrustworks Dynetics has raised Rs 7 crore in a seed funding round led by Jamwant Ventures, with participation from Piper Serica, SINE-IIT Bombay, and other investors.

The fresh capital will be used to expand its Integrated Rocket Facility, strengthen R&D in advanced propulsion systems, and enhance testing infrastructure to meet the growing global demand for commercial space launches.

Founded in 2023 by Manan Joshi, Kalyani Shinde, and Vinith Shenoy, Thrustworks Dynetics focuses on designing and developing liquid rocket engine systems and subsystems, along with proprietary software and testing tools.

The company is currently developing ANYA, a next generation liquid rocket engine platform, backed by a Mobile Rocket Engine Test Bed for rapid and flexible hot fire testing. This setup allows faster design iterations and improved performance validation.

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Incubated at SINE-IIT Bombay, the startup aims to revolutionize propulsion technology by creating modular, scalable, and high performance engines, including Micro-combustors and High Thrust High Impulse (HTHI) engines. Its upcoming integrated facility will unite design, manufacturing, and testing under one roof to drive innovation and reduce development time.

Thrustworks Dynetics is collaborating with major players such as ISRO, IN-SPACe, Bharat Forge, Godrej Aerospace, and INOXCVA, as it positions itself alongside leading global propulsion companies like Ursa Major.